Operations Specialist - Reconciliation (AVP)

About the role

DWS Group is hiring an Operations Specialist - Reconciliation (AVP) in Madrid within its COO Division's Reconciliations function. The role protects the integrity of books and records by ensuring breaks are identified, investigated and resolved in a timely, controlled and transparent manner, and drives automation, AI-enabled process improvement and data-driven controls.

Key responsibilities

• Oversee day-to-day delivery of the Reconciliations function, ensuring cash, position and transaction breaks are identified, investigated, escalated and resolved.
• Review workflows, operating procedures and reconciliation reports regularly to maintain KPIs, investigate performance breaches and align with the Reconciliation Target Operating Model.
• Act as subject matter expert and escalation point for complex issues, driving root-cause analysis and remediation.
• Partner with Front Office, Operations, Compliance, Legal, Technology, custodians, clearing houses and counterparties to resolve breaks and support end-to-end processing.
• Monitor KPIs and KRIs, identify control gaps, ensure adherence to bank policies and keep audit-ready documentation.
• Identify process synergies, back-up arrangements and capacity improvements, and promote knowledge sharing and team engagement.
• Contribute to the Smart Middle Office agenda by proposing AI, machine learning, workflow automation and data analytics use cases, and prepare performance reporting for senior management.

Required profile

• Graduate or master's degree, or equivalent professional experience.
• 5+ years of relevant experience in financial services, ideally asset management, investment banking, fund accounting, custody or related operations.
• Extensive hands-on experience in cash, position and transaction reconciliations across investment and accounting books, with exposure to custodians, clearing houses and counterparties.
• Strong understanding of operational risk, control frameworks, regulatory expectations and compliance, with an audit-ready mindset.
• Willingness to work required shifts to support global operational coverage.

Required skills

• Knowledge of security and trade lifecycles across financial products.
• Experience with Aladdin and market data tools such as Bloomberg is advantageous.
• Advanced Microsoft Office, especially Excel and PowerPoint.
• Lean, Six Sigma or continuous improvement experience is a strong advantage.
• Practical understanding of AI, automation, workflow design and data analytics.

What we offer

• A choice of benefits tailored to lifestyle, including healthcare, company perks and retirement planning.
• A hybrid working model, with the office/home split discussed during the application and interview process.