Cash Reconciliation Associate

Cash Reconciliation Associate

Non-licensing required. Not a client-facing role

Duties and Responsibilities

• Perform a morning certification to validate all expected internal system and external feeds were received and to ensure all accounts are in balance. Communicate system feed issues and out of balances to the leadership team and business partners as needed.
• Complete a daily reconciliation of records in accordance with SEC IRS and FINRA regulations. Perform research identify the root cause and explain the reason for the break utilizing Vanguard systems. Manage and maintain outstanding items through to resolution while adhering to departmental measures. Exercise sound judgment when elevating issues to the leadership team and business partners. Communicate with internal business partners and vendors to determine resolution solutions as needed.
• Manage and maintain outstanding items through to resolution while adhering to departmental peers and business partners to continually enhance the client experience.
• Build and maintain expertise with Vanguard process systems policies procedures and demonstrates full proficiency in all brokerage and mutual fund reconciliation functions. Effectively use knowledge to problem solve with internal and external clients to determine the appropriate resolution to outstanding exceptions.
• Partner with the leadership team to update and rewrite procedures support training efforts and to serve as a Subject Matter Expert for the department and our business partners. Develops and maintain the ability to reconcile all work types if necessary based on business needs. Adhere to standard work/workflows vocalize opportunities to improve upon it. Actively suggest enhancements to processes.
• Maintain effective work relationships by handling peer and management interactions in a positive and professional manner. Keep leadership team informed of issues impacting the team in an effort to foster the teams engagement.
• Demonstrate active engagement in improving the client experience by participating in feedback session and process improvement discussions. Proactively identify process trends and provides recommendations to resolve the identified trends while remaining engaged throughout the implementation of solution.
• Demonstrate interest in the financial markets and brokerage environment inclusive of understanding Vanguard products. Participate in conversations around individual and team targets during huddle board conversations and consistently update goals in a timely fashion.
• Participate in special projects and performs other duties as assigned.

Qualifications

• Undergraduate finance degree preferred or banking/business equivalent combination of training and experience.
• Minimum two years general experience and one year industry experience.
• Reconciliation experience preferred.
  • Transaction Lifecycle Management (TLM) experience preferred
• Strong analytical and problem-solving skills with attention to detail.
• Aptitude for quickly learning new workflows and technologies.
• Strong organization and time management skills.
• Ability to work independently as well as part of a team.
• Effective oral and written communication skills.
• Demonstrated PC skills using Microsoft Word and Excel.
• Demonstrated desire to learn new things and grow professionally.
• Embraces a culture of recognition.

Special Factors

No licenses required; however you must be an Associated Person.

Vanguard is not offering visa sponsorship for this position.

Special Factors

Sponsorship

About Vanguard

At Vanguard we dont just have a missionwere on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members designed to capture the benefits of enhanced flexibility while enabling in-person learning collaboration and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.