Reconciliations Associate, Barings
International investment management firm
Be an early applicant
International investment management firm
1001+ employees
Be an early applicant
1001+ employees
Company mission
To deliver the best investment experience for our clients through exceptional service and performance.
Role
Who you are
- Full understanding of Cash and Position Reconciliations processing
- Solid understanding of operational risks and controls
- Able to understand urgency, multitask and prioritize to meet deadlines
- Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
- Effective communication skills, both written and verbal
- 10+ years’ experience in financial services
- Recent and relevant experience in Reconciliations
- Knowledge of Investment Management processes
What the job involves
- As a member of Barings Operations, you will have responsibilities for key tasks in the delivery of global operational services relating to Cash and position Reconciliation processes
- You will work closely with both internal partners (including, but not restricted to, Portfolio Management, Public & Private Operations) and relevant external parties (including Global Custodians)
- You will work alongside a global team of dedicated professionals responsible for performing all aspects of Reconciliation processing
- You will demonstrate credibility with a proven competency and knowledge of the related operational activities, as well as drive efficiency and accuracy to reduce risk in our processes
- Work with global teams to ensure the accurate and timely reconciliation of cash and position reconciliations, to meet daily global processing deadlines, as well as periodic books closure processes
- Performing controls and procedures to ensure that all cash and stock positions are reconciled in line with client / regulatory / Barings’ standards
- Performing tasks to ensure the accurate management of breach investigation and the escalation of aged items through to resolution as appropriate
- Work closely with front office and business partners to provide daily operational support relating to the Reconciliation and Cash Management functions
- Assist with the import and validation of internal and external data into the reconciliations system
- Assist with the validation of internal and external data into the reconciliations system and the subsequent matching of records to identify cash and stock breaks that require further investigation
- As required, participate in business projects impacting Cash and Position Reconciliations
- Ensure proactive communication while troubleshooting and resolving issues related to Reconciliation processing and escalating matters when warranted
Salary benchmarks
Our take
With a history dating back more than 260 years, Investment Management Group Barings was originally Britain’s oldest merchant bank and set up an asset management division in the 1950s. By the mid-90s, its original banking division collapsed due to scandals concerning its executives and its investment management department took center stage. Through a series of acquisitions, Baring Asset Management became Barings in 2016, alongside the now-merged Cornerstone Real Estate Advisors, Wood Creek, and Babson Capital Management.
With a portfolio worth more than $347 billion, Barings has come full circle over its two-and-a-half-century life. During the 2010s, its acquisitions and growth saw it evolve into a global leader, with subsidiaries in Europe, the Americas, and Asia. Focusing on private and public equity, real estate, private credit, capital, and insurance solutions, Barings has run with the fast-moving shifts in the investment sector to fund electric vehicle projects, fintech platforms, and digital companies to great success.
In 2023, Barings swooped in to save bankrupt real estate deals in Arizona and secured leading bank tenants Santander and HSBC at its state-of-the-art office development in Manchester, UK. In 2024 it led a funding round of Morgan Stanley's World 50, exemplifying its influence on the world's top investment banks. With many arms to its company, Barings can weather setbacks as a whole, whether that be the collapse of Barings-backed internet provider GigaMonster or restructuring the ailing cinema chain Vue.
Freddie
Company Specialist
Insights
0% employee growth in 12 months
Company
Company HQ
Third Ward, Charlotte, NC
Articles
Leadership
Mike Freno
(CEO, not founder)Previously the Head of Global Markets at Barings, Research Analyst at M&M Partners LLC, and Manager at PwC.
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