Job Description

Company DescriptionAs a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clientsxe2x80x99 most valued asset-management partner.With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, wexe2x80x99re looking for unique voices to help lead us forward. If youxe2x80x99re ready to challenge your limits and build your future, join us. SummaryAs a Supervisor / Process Leader of Reconciliation at Alliance Bernstein, you will be responsible for overseeing the reconciliation process between our accounting books and the data provided by custodians, banks, and brokers. This role requires a keen eye for detail and the ability to identify discrepancies in daily cash and asset data. You will work closely with your team to reach out to the relevant parties for correction and resolve any issues in a timely manner.In addition to managing the day-to-day reconciliation process, you will also be responsible for managing projects from start to finish. This will involve coordinating with various internal teams in technology and operations as well as external counterparts such as custodians, brokers, and administrators. You will need to be able to communicate effectively with these parties to ensure that projects are completed on time and within budget.As a Process Leader, you will play a critical role in ensuring the accuracy of financial data and maintaining the integrity of Alliance Bernstein's accounting books. You will need to be able to work well under pressure and be comfortable making decisions in a fast-paced environment. Additionally, you will need to be able to analyze data and identify trends to help improve the reconciliation process and reduce the likelihood of errors in the future.Overall, this is a challenging and rewarding role that requires a high level of attention to detail, strong communication skills, and the ability to manage multiple projects simultaneously.Team/Group DescriptionThe AB Reconciliation team is a significant group within AB India, divided into three teams: USPC, USINST, and USMF, as well as an Oversight team IIMO, that supervises the business and maintains relationships with stakeholders. They work closely on new projects and improvements. The team's primary responsibility is to ensure that AB's books are in line with the bank's cash and position by reconciling with over 60 custodians daily. Additionally, the Reconciliation team manages several other tasks and projects to support investment decisions.Role DescriptionThe AO/Reconciliation Process Lead is a crucial position in our company, responsible for overseeing and governing all daily reconciliation activities. This involves interacting with AB Sales and Portfolio Management teams, auditors, and custodian banks. The primary responsibility of this role is to manage global projects, coordinate with developers, work on BRD, manage and conduct UAT testing of projects, and coordinate all global reconciliation teams.Applications and business or enterprise functions the role supportsThe Portfolio Administration team services a few internal and external applications. Daily the AO Process lead will use reconciliation systems (CTC), Portfolio Management System, Cash flow management tool (Ace Win), Microsoft Office, other internal applications such as EPA, ERP, BOSS, APEX, AB Advantage, etc. Along with external and potentially new applications that include Bloomberg as well as several custodiansxe2x80x99 websites. Also, there is use of project development application like JIRA, Smartsheet, Confluence, UAT environment of above-mentioned application to perform testing.Key job responsibilities include, but are not limited to

• Demonstrate AB values in day-to day work life.

Invest in One AnotherStrive for Distinctive KnowledgeSpeak with Courage and ConvictionAct with Integrityxe2x80x94Always

• Responsible for people & process management
• Set the SMART goals for self & team!
• Pursue AB culture. Diversify & expand the team. Maintain the transparency.
• Develop internal talent, groom next level leaders.
• Responsible for team performance, retention & skill development
• Accountable for service delivery by team on agreed key performance metrics of turnaround time, quality, etc.
• Identify process risks and build controls.
• Manage cross training within/outside team to build resilience.
• Identify knowledge gaps and arrange for trainings.
• Daily involvement in production issues around all the process. Support production where required.
• Support new migrations to process go live.
• Identify root cause analysis on errors & brainstorm for long-term solution.
• Drive Process improvement and lean projects
• Identify process risks and build controls.
• Monthly Review meeting and One to One meeting with all the stakeholders
• connect with tech folks for potential system automation or enhancement.
• Develop team culture to keep client & AB interest at top.
• Analytic & Logical assessment of the situation & Issue & find solution.
• Coordinating with Internal teams and work as BA with Developers on projects.
• Timely tracking & completion of projects with timely data presentation

The Role requires to work during US hours & flexible to accommodate UK hours depending on project and coordination with Developer teams.What makes this role unique or interesting (if applicable)?This Role is Blend of oversighting the Reconciliation business & working as a BA on various project & enhancement of CTC Application & other supporting application to make the process more resilient & efficient.Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)This role provides exposure to both xe2x80x9cPeoplexe2x80x9d & xe2x80x9cProcessxe2x80x9d management. This role offers direct connect with multiple onshore partners & stakeholders like PMG, Sales, ops teams, etc. Such connection will help to develop leadership skills, deep analytical expertise & problem-solving ability. Daily touch base with AB global teams, help to learn culture of diversity, courage, equality, collaboration & transparency.For Professional growth- This role gives opportunity to introduce footprint in global finance market with daily connect with external parties like big banks, custodians & investment institutes. This role also covers every financial product available in world market like EQ, FI, alternative investment, derivatives, OTC, private placement, etc. Timely working with Developer & High-level management on Business problem & Solutions.Job Qualifications (The ideal candidate should have the following)Graduate / Post-graduate degree with 6 years of experience in handling IMO process.Good knowledge of MS Office applications-especially Excel is must,Hands on JIRA, Power BI, Confluence, BRD & FRD preparation, SQL is desirable.Prior experience of Project management will be appreciated.Skills

• People leader with vision
• Good stakeholder Relationship management skills
• Good logical, analytical, and problem-solving abilities
• Attention to detail and accuracy.
• Ability to communicate clearly, concisely, and effectively.
• Handling multiple project & large data sets
• Ability to handle process escalations, identify issues and risks and propose resolution.
• Multi-task and prioritize work.

Special Knowledge (if applicable)Understanding of Investment & software life cycle, handling & analyzing large data set, basic SQL queries, Introduction to Power BI. Pune, India

AllianceBernstein