Operations Analyst I - Reconciliations

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Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

Job Title: Operations Analyst I

SVB India is a global delivery center for SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank. SVB India develops products and provides services in finance, banking operations, risk and technology, and employs more than 800 employees and will be rapidly expanding. Learn more at https://svb.wd5.myworkdayjobs.com/svbankindia.

Job location – Bangalore

About the Job

We are looking for a highly motivated, analytical, and resourceful Operations Analyst to support SVB’s growth. This candidate will be in SVB’s Reconciliation team responsible for reconciling bank-wide Cash/Bank, Loan, Deposit, Cash, Cards and FX accounts.

The ideal candidate will: 

• Performs in-depth analysis of reconciliations, deciphering complex exceptions between systems for assigned to complex accounts
• Performs root-cause analysis on why exceptions exist and leads the effort in resolving them
• Analyzes trends, enters exception data, and ensures proper aging
• Communicates complex break reports to either internal groups within the firm or correspondents outside the firm. Monitors resolution
• Responsible for completing the daily, weekly, and monthly tasks including month-end certification
• Assists in analyzing operational needs and provides input for project requests to solve the identified need
• Identify process improvement opportunities and implement them to create efficiencies
•  Ability to interact with stakeholders at all levels bank wide
• Participate in Audit process and interact with internal and external auditors

What You’ll Bring:

• General knowledge of bank products, regulations, Processes, and procedures
• Accounting knowledge including recording journal entries and understanding of financial impacts
• Intermediate to advanced knowledge of excel
• Excellent verbal, written and presentation communication skills
• Strong attention to detail
• Communicates with poise and professionalism through verbal and written communication
• Aptitude for following process and procedures
• Ability to multi-task and handle high volumes
• Executes tasks efficiently and quickly with strong attention to detail and deadlines
• Ability to prioritize deliverables and assignments

Education and Experience

• Bachelor’s degree in accounting, finance, or related field
• Minimum 4-6 yrs. of reconciling experience in a financial institution including Month end activities
• Blackline reconciliation application experience is a plus
• Experience on Debit/Credit Card & Loans reconciliation is a plus
• Experience in Wire Payment reconciliation is a plus
• Experience with large ERP – e.g., PSGL, Oracle, SAP etc

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Equal Employment Opportunity

Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.