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Manager - Reconciliation

D360 Bank
Riyadh, KSA
Full-time
Manager · 5+ years experience
Onsite
Discovered 1 weeks ago
sap

Full Job Posting

Preferred Qualifications

  • A tertiary-level qualification from an internationally/regionally recognized institution, preferably with a focus on Accounting, Business, or Finance
  • Years & Nature of Experience
  • Recommended to 3 to 5 years of equivalent experience where required competencies and experience has been demonstrated
  • An experienced professional who is able to deliver on difficult technical tasks
  • Has project implementation experience
  • Is self-sufficient at work and could be given small project responsibility
  • Has provided technical supervision to junior staff in the past
  • Strong understanding of retail banking transactions, financial systems, and reconciliation processes.
  • In-depth knowledge of core banking systems, payment systems, and financial software (e.g., SAP, Oracle, Finastra).
  • Expertise in bank account reconciliation, cash management, and financial reporting.
  • Excellent analytical, problem-solving, and troubleshooting skills to resolve complex reconciliation issues.
  • Technical Competencies
  • Customer account operations
  • Data Collection and Analysis
  • Policy and Procedure Development
  • Reconciliation
  • Behavioural Competencies
  • Communication
  • Attention to detail
  • Problem Solving

Responsibilities

  • Manage the reconciliation of all retail banking transactions, including but not limited to, deposits, withdrawals, card payments, ATM transactions, checks, and electronic transfers.
  • Ensure that all transactions across customer accounts, internal ledgers, and external financial institutions (banks, payment processors) are reconciled accurately and within deadlines.
  • Ensure the integrity and accuracy of daily, monthly, and quarterly reconciliations, ensuring alignment between various systems, including core banking systems, payment gateways, and third-party vendors.
  • Identify discrepancies or variances between internal records and external financial data (e.g., bank statements, third-party systems) and take ownership of resolving these discrepancies in a timely manner.
  • Investigate complex reconciliation issues and escalate unresolved matters to senior management or relevant stakeholders, providing recommendations for resolution.
  • Oversee the reconciliation of bank accounts and cash transactions, ensuring that all deposits, withdrawals, and transfers are recorded and processed accurately.
  • Work closely with treasury teams to ensure accurate cash flow management and settlement of transactions.
  • Ensure compliance with internal policies, procedures, and regulatory requirements (e.g., anti-money laundering, KYC, and financial crime prevention) in the reconciliation processes.
  • Perform any other duties assigned to by line manager related to the nature of the work
  • Enforce, incorporate, and comply with all necessary controls and related information security (EIS) policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations

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