Lead : Cash & Position Reconciliation

About the Position

Lead : Cash & Position Reconciliation

We are seeking a Lead for Cash & Position Reconciliation to oversee and manage reconciliation activities, ensuring accuracy and adherence to process controls.

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Responsibilities

Daily Reconciliation Oversight

• Oversee end-of-day and intraday cash & Position reconciliation across all accounts and asset classes providing both L1 and L2 services.
• Review and validate reconciliation outputs completed by analysts before submission.
• Monitor break queues and ensure timely investigation and resolution of exceptions.
• Coordinate with custodians, counterparties, and internal teams to clear outstanding items.

Team Supervision & Development

• Allocate daily work to analysts, monitor progress, and ensure SLA timelines are met.
• Provide on-the-job training, guidance, and feedback to analysts.
• Act as the first point of escalation for analyst queries or complex breaks.
• Flag performance concerns and development needs to the Team Manager.

Controls & Process Adherence

• Ensure team members follow documented SOPs and maker-checker controls at all times.
• Perform quality checks on reconciliation outputs and flag anomalies.
• Maintain accurate records of breaks, resolutions, and exception logs.
• Support the Team Manager in audit preparation and compliance reviews.

Reporting & Communication

• Prepare and submit daily/weekly break reports and exception summaries to the Team Manager.
• Participate in internal team meetings and represent the team in operational calls.
• Proactively communicate operational risks or issues to the Team Manager.

Process Improvement

• Identify repetitive manual tasks and suggest improvements or automation opportunities.
• Support implementation of process changes and new reconciliation workflows.
• Share knowledge and best practices within the team to improve overall quality.

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Requirements

Experience & Skills

• 6–8 years of experience in cash and/or position reconciliation within financial services or banking operations.
• Prior experience in a supervisory or lead capacity managing junior team members.
• Working knowledge of reconciliation platforms such as Intellimatch, AutoRek, SmartStream, or similar.
• Good understanding of trade lifecycle, settlements, corporate actions, and fund accounting.
• Strong attention to detail, analytical thinking, and ability to manage multiple priorities.
• Proficiency in MS Excel; familiarity with data tools is advantageous.

Education

• Bachelor's degree in Finance, Commerce, Accounting, Economics, or related field.
• Professional certifications or post-graduate qualifications in Finance are a plus.

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We Offer

• Competitive compensation
• Opportunities for professional growth and development
• Comprehensive benefits program including retirement plans, financial education, healthcare plans, counseling, and more
• Flexible working arrangements where possible
• A supportive and inclusive work environment

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About the Company

Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process, and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes, and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or follow us on Twitter.

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Additional Employment Information

Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government-issued ID during each interview.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status, or any other characteristic protected by federal, state, or local laws.

If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [email protected] with your request and contact information.