Market Operations Engineer supporting the ERCOT wholesale market and grid operations. Providing analytical support, generating reports, and collaborating with stakeholders.
About the role
- Senior Associate managing SWIFT message processing and reconciliation, ensuring timely resolution of discrepancies. Collaborating with teams to handle complex SWIFT message issues in Mumbai office.
Responsibilities
- **SWIFT Message Processing & Management:**
- · Handle a wide range of SWIFT message types, including MT101, MT202, MT103, MT199, MT292, MT295, MT195, MT910, MT940.
- · Ensure the correct processing, transmission, and receipt of messages.
- · Analyze and resolve issues related to SWIFT messages, including message content discrepancies, formatting errors, and transmission delays.
- · Managing Swift Payments and ability to track status of payments.
- **Reconciliation**:
- · Manage daily reconciliation of Ledgers & Statements ensuring the entries are matched correctly and any unreconciled entries are escalated for resolution.
- · Ensure all deposits and withdrawals are properly accounted for and recorded in a timely manner.
- · Investigate and resolve any discrepancies between cash balances and recorded transactions.
- · Investigate Return of funds and recall requests.
- · Interacting with correspondent bank to resolve statement related breaks.
- · Thorough understanding about journal entry postings.
- · Awareness about advanced excel shortcuts & formulas
- **Field Interpretation and Customization:**
- · Interpret and modify SWIFT message fields as per internal or regulatory requirements.
- Troubleshooting & Issue Resolution:
- · Provide troubleshooting and resolution support for SWIFT message errors.
- Collaborate with internal teams and SWIFT support to resolve issues promptly.
Requirements
- Experience:
- · Minimum 6 years of hands-on experience working with SWIFT messaging systems
- · Notice period up to 2 months
- · Strong expertise in SWIFT messages (MT101, MT202, MT103, MT199, MT292, MT295, MT195, MT910, MT940).
- · Deep understanding of the Swift fields & payment formatting requirements for currencies.
- · Experience with SWIFT broadcast services and network connectivity management.
- Technical Skills:
- · Familiarity with SWIFT Alliance, SWIFTNet, and related SWIFT messaging platforms.
- · Understanding of financial industry standards, regulations, and protocols related to SWIFT.
- · Proficiency in analyzing and interpreting SWIFT message data and fields.
- Education:
- · A degree in Finance, Business, Information Technology, or related field, or equivalent experience.
- Desired Skills:
- · Strong written and verbal communication skills.
- · Eye for detail and ability to work under pressure with strict deadlines.
- · Accurately performing tasks along with multi-tasking skills.
- · Willing to work from office on all 5 days
- · Primarily UK shift but should be Open to all shifts (including Night shifts)
Benefits
- · Competitive salary and benefits package.
- · Professional development opportunities.
- · Collaborative and dynamic work environment
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Tech skills
Location requirements
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