Senior Reconciliation Engineer

Role Purpose

• Lead the end-to-end implementation and fine-tuning of automated reconciliation engines (e.g. ReconArt, Gresham, TLM, or bespoke internal tooling).
• Define and continuously improve matching rule logic to maximise Straight-Through Processing (STP) rates and minimise manual intervention.

Remittance & FX Logic

• Design automated workflows to handle high-volume cross-border remittances across multiple corridors.
• Own the reconciliation of Instruction Amount vs. Settlement Amount, accounting for FX spreads, intermediary bank fees, value-date differences, and corridor-specific settlement rules.
• Develop sophisticated detection logic for 'hidden' fees and deductions that break standard matching.

Data Architecture & Integration

• Map and transform diverse message formats: ISO 20022 (XML), SWIFT MT103/MT202, SARIE, JSON feeds, and custom CSV bank statements from partner institutions.
• Collaborate with Engineering on API integrations to ensure upstream data quality at ingestion.

Stakeholder Liaison

• Serve as the primary translator between Finance (GAAP/IFRS requirements, audit readiness) and Engineering (API design, database management, system architecture).
• Own the definition of functional requirements for all reconciliation-related system changes.

Audit, Control & Reporting

• Build and maintain reporting dashboards that provide full transparency for internal audits and SAMA regulatory reviews.
• Establish documented controls and reconciliation policies as we scale toward formal audit and compliance frameworks.

Technical Requirements

• SQL Mastery:
• Advanced SQL u2014 complex queries, stored procedures, data validation scripts, and performance tuning.
• Messaging Standards:
• Hands-on experience with ISO 20022, SWIFT MT103/MT202, and SARIE (Saudi Riyal Interbank Express).

• Saudi Payment Rails

• Familiarity with Saudi domestic payment rails including mada network operations, switching logic, and settlement flows.
• EMV Reconciliation:

Experience

• reconciling EMV card transactions u2014 including authorisation vs. clearing discrepancies, chargeback flows, and interchange fee accounting.
• Financial Literacy:
• Nostro/Vostro accounting, double-entry bookkeeping, T+0/T+1/T+2 settlement cycles.
• Reconciliation Tools:
• Enterprise-grade reconciliation platforms (ReconArt, Gresham, TLM, or equivalent).

• Python / Data Tools

& Qualifications

• Experience:
• 5+ years in a Techno-Functional role within Fintech, Transaction Banking, or a Payments institution.
• Domain Expertise:
• Proven track record designing or configuring Remittance Reconciliation systems at scale.
• Education:
• Bachelor's degree in Computer Science, Finance, Information Systems, or a related field.
• SAMA Knowledge:
• Familiarity with SAMA regulations and/or the KSA Open Banking framework u2014 a meaningful advantage.
• Language:
• Professional fluency in English required; Arabic is a strong plus.