Reconciliations Team Lead

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

• Lead a small team ensuring all daily BAU processes are completed, specifically cover the weekend activities in line with the 24/7 model.
• Daily reconciliation of all Network Partner and house bank account statements and VPL’s Admin systems and to ensure the integrity and accuracy of the upload – All items to be cleared same day.
• Reconciliation of transactions in Seg Liquidity/EP Central 250+ accounts – Ensuring no items age without clear resolution plan
• Investigate un-matched items to resolution, escalating within guidelines and where required, log all non-reconciling items via Email/Salesforce to the relevant department for investigation or correction whilst remaining responsible for effective resolution.
• Collaborate across the VPL business (e.g, Treasury/Payment Operations) to enhance investigation of reconciliation breaks.
• Provide summary of overall reconciliation position daily for senior manager review and regular distribution to other stakeholders (e.g., compliance and risk management) Escalate according to internal agreed deadlines.
• Oversee unapplied/overdue debit processes ensuring same day allocation of unapplied debit and provide approval of unapplied debits/Journals.
• Train and support team members in understanding and performing reconciliation procedures, to ensure that errors are understood to prevent reoccurrence.
• Understand safeguarding requirements for Reconciliation and provide update and escalation when required. Ensuring Safeguarding obligations are met over the weekend
• Delegation for Rec’s manager to cover Monitoring email/Debits approvals and Journals within policy range.
  
  

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Qualifications

Technical Experience

• Thorough understanding of Payments Platforms, understanding how transactions flow through the system
• Understanding of statement messaging, including MT9** messages and new camt replacements
• Demonstrate expert working knowledge of MS Office suite, particularly MS Excel and use of Macros
• Solid exposure and proven ability to exhibit an accurate and systematic approach to bank reconciliation essential
• Currently studying for an accountancy related qualification
• Strong break investigation background
  
  

Skills

• Visible eagerness and willingness to learn
• Comfortable with getting into the detail (to cover for daily reconciliations) whilst at other times being able to be more strategic (to deputise for Snr Manager, Reconciliations)
• Be at ease both challenging the status quo and being challenged
• Excellent communication skills and ability to build strong relationships with internal and external stakeholders
• Demonstrate a control mindset
• Ability to prioritise and work under pressure, maintaining accuracy whilst achieving timescales
• Good sense of team spirit and positive attitude
• Capable of resolving reconciliation issues in a timely and accurate manner
  
  

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.