Business Analyst, Aladdin Transformation - Cash Reconciliations

Strata•,

About The Position

We are seeking an experienced Cash Reconciliations Subject Matter Expert and Business Analyst with hands-on Aladdin platform expertise. This role sits at the intersection of operations and technology, driving process improvement, platform optimisation, and business change across cash and IBoR reconciliation workflows within client/provider implementation models. You will act as the go-to reconciliations specialist across the full Aladdin lifecycle — from current state analysis and Target Operating Model design through configuration, parallel run, cutover, and post go-live BAU embedding — working across investment, middle office, operations, and technology teams to deliver control excellence on behalf of our clients.

Requirements

5+ years in cash or IBoR reconciliations within asset management, hedge funds, prime brokerage, or securities services
Demonstrable end-to-end ownership of Aladdin reconciliation implementations — current state analysis through configuration, parallel run, cutover, and post go-live BAU support
Strong Aladdin platform expertise across cash and IBoR rec modules — permissions, dashboard configuration, exception management, compliance rules, reporting tools, and break workflow design
Deep knowledge of cash break types and root causes: custody versus internal ledger, IBoR breaks, FX differences, failed settlement cash, dividend and corporate action cash, and margin flows
Experience collaborating across operational teams (Derivatives, Corporate Actions, Trade Ops) to understand cross-functional process impacts on reconciliations
Hands-on experience producing MI packs and operational controls reporting from live reconciliations data
Proven delivery track record — requirements gathering, TOM contribution, test script creation, defect management, operational readiness tracking, and cutover support
Experience building compensating controls and validation processes to address system gaps ahead of go-live
Experience with cash management and reconciliation platforms such as Cashmaster, Electra, Intellimatch, AutoRek, or TLM — and familiarity with how these interact with or are displaced by Aladdin
Experience training future-state and BAU teams on Aladdin reconciliations and operations best practice
Solid understanding of SWIFT messaging (MT940/950, ISO 20022) and the downstream cash impact of settlements, corporate actions, and FX
Strong Excel skills; SQL or Python a plus for break data analysis

Responsibilities

Act as the primary cash and IBoR reconciliations SME across Aladdin implementations, working within client/provider models to define the future state reconciliation function from current state through to go-live
Lead daily custody reconciliations with prioritisation of high-value and aged items, specialising in complex break types including dividend, corporate actions, FX, and settlement cash
Perform root cause analysis on recurring breaks — identifying upstream issues across Derivatives, Corporate Actions, and Trade Ops and driving resolution in collaboration with those teams
Design and enforce break management frameworks — ageing thresholds, escalation paths, ownership matrices, and tolerance governance
Configure Aladdin cash and IBoR reconciliation modules end to end — permissions, dashboards, exception management, tolerance thresholds, matching logic, and break workflow routing
Use Aladdin reporting tools and live reconciliations data to build MI packs and operational controls metrics, producing break volume commentary for project and BAU teams
Provide demonstrations of Aladdin functionality to operations and risk teams; explore the use of compliance rules within permission roles to support risk acceptance
Manage custodian and prime broker data feed setup — SWIFT MT940/950, ISO 20022, and proprietary statement formats — troubleshooting feed failures and unmatched transactions with technology teams
Build compensating controls and validation processes where system limitations require additional data integrity checks, documenting these within team procedures and control frameworks
Escalate system problems and required enhancements to the platform provider on behalf of the client, maintaining visibility of resolution progress across the programme
Ensure reconciliation processes and controls meet internal standards and relevant regulatory expectations (CASS, AIFMD, MiFID II)
Support the design and implementation of reconciliation frameworks for clients transitioning into Aladdin — including middle office insourcing and migration to new global operating models
Collaborate with operations teams on the TOM workstream — determining business requirements, progressing open deliverables, and troubleshooting as appropriate
Identify key deliverables ahead of conversion, contributing to operational readiness logs and escalating issues to senior stakeholders on behalf of the team
Create and manage test scripts — supporting the team through testing phases, capturing issues, and ensuring defects are tracked through to resolution within the project test workstream
Test and define programme requirements during parallel run, raising business-critical issues as they arise
Provide in-person support during cutover weekends, resolving conversion issues as they arise and ensuring critical items are escalated on the issues log
Embed with BAU teams post go-live to support the investigations shift, helping teams resolve complex breaks and transition to steady state independently
Produce team procedures, process flows, and control documentation to ensure accurate recording of future-state tasks
Attend senior governance forums to obtain risk acceptance sign-off, provide programme updates, and escalate material issues to leadership
Maintain progress across concurrent workstreams — TOM, permissions, UAT, parallel run — through daily stand-ups and structured programme governance
Act as the primary liaison between investment teams, middle office, operations, prime brokerage, custodians, compliance, and technology throughout the engagement
Build Aladdin subject matter expertise within future-state client teams through group demos, Q&A sessions, and one-to-one training, including support for offshore and contractor populations