Associate, Reconciliation I

As an Associate, Reconciliation I at BNY, your key responsibilities include assisting in data analysis of reconciliations, identifying trends, and conducting root cause analyses. You will also collaborate closely with more experienced staff to shadow them in technical testing and implementing reconciliation software.

To apply for the Associate, Reconciliation I position at BNY, you typically need a Bachelor’s degree in a related discipline or an equivalent combination of education and experience. While 0-3 years of experience is preferred, recent graduates are also welcome to apply, showcasing BNY's commitment to nurturing talent.

At BNY, the work environment for an Associate, Reconciliation I is inclusive and collaborative. You will work in a hybrid setup, allowing you to balance working from home with in-office collaboration, which fosters a dynamic and supportive atmosphere, engaging with a diverse team of 50,000+ employees.

As an Associate, Reconciliation I at BNY, you will have various avenues for career advancement. Exposure to senior staff and participation in critical projects will enhance your understanding of the financial sector, and as you grow your skills and competencies, new roles may open up in data analysis, finance, or reconciliation processes.

BNY offers an array of competitive benefits for employees in the Associate, Reconciliation I role, including comprehensive health programs, paid leave, volunteer time off, and access to global resources designed to support your career and personal well-being.

In finance, the reconciliation process involves ensuring that two sets of records - usually the balances of two accounts - are in agreement. This is crucial as it helps identify inconsistencies, errors, and aids in maintaining accurate financial records, ensuring transparency and compliance.

If I discover a discrepancy during reconciliation, I would first gather all relevant information and documentation to understand the issue thoroughly. Then, I'd collaborate with my team or relevant departments to identify the root cause, ensuring complete transparency throughout the process to resolve the issue effectively.

I have experience using various reconciliation tools like Excel for manual reconciliations and enterprise software that automates reconciliation processes. Familiarity with data analysis software and data management systems can be beneficial in enhancing the efficiency of reconciliation tasks.

In a fast-paced financial environment, I prioritize tasks by assessing their urgency and importance, often utilizing a task management tool. Breaking down major projects into manageable tasks helps me stay organized, and I regularly communicate with my team to align our priorities effectively.

For data analysis, I employ techniques like trend analysis and statistical modeling to identify patterns and anomalies. Utilizing tools such as pivot tables in Excel or specialized data analysis software allows me to efficiently gather insights that inform our reconciliation processes.

In a previous role, I identified that manual reconciliations were time-consuming. I proposed automating the process using specific software, which ultimately reduced processing time by 30%. This experience taught me the importance of leveraging technology to enhance efficiency.

Attention to detail is paramount in reconciliation. Minor discrepancies can lead to significant financial issues, so taking the time to thoroughly review data and processes helps maintain accuracy and integrity in financial reporting.

When faced with tight deadlines, I handle stress by staying organized and focused. I prioritize my tasks, set realistic goals, and take short breaks when needed to clear my mind. This approach helps maintain productivity and reduces the likelihood of mistakes.

I understand that BNY fosters a culture of inclusivity, innovation, and excellence. The company’s commitment to diversity and recognition as one of America’s Most Innovative Companies reflects its dedication to enhancing employee experiences and creating impactful financial solutions.

I am excited about the Associate, Reconciliation I position at BNY because it aligns perfectly with my skills in data analysis and my passion for financial services. Working for a company that values innovation and inclusivity resonates with my career aspirations, and I believe it's an environment where I can contribute and grow.