Reconciliation and Control Senior Manager

Overview

ECCO Gulf Majorel Qatar is seeking a highly skilled Reconciliation and Control Senior Manager to join our team in Qatar. This executive role is pivotal in ensuring the integrity and accuracy of financial data through meticulous reconciliation processes. The successful candidate will lead a team dedicated to maintaining robust financial controls and ensuring compliance with industry standards. Responsibilities

Oversee the reconciliation of financial statements, ensuring accuracy and compliance with regulatory requirements. Assist AVP Reconciliation & Control in the creation of Key Risk Indicators (KRI) for control and monitoring purposes of the activities performed by the Reconciliation & Control Department personnel, and monitor their achievements on a periodic basis. Assist Manager Reconciliation & Control in the creation of Key Performance Indicators (KPI) for performance monitoring and control measurement purposes, pertaining to the activities performed by the Reconciliation & Control Department personnel, and monitor their achievements on a periodic basis. Coordinate with various local and international departments / units within the Bank Group to report areas where operational / control improvements are required. Liaise with AVP Reconciliation & Control regarding long-outstanding reconciliation items and any suspicious movements. Supervise subordinates to ensure daily reconciliation for assigned accounts to enable timely identification and resolution of outstanding items and prevent losses. Act within delegated powers and delegate authority to staff while monitoring its exercise. Demonstrate understanding of the factors behind the bank’s financial and non-financial performance. Ensure adherence to company policies and procedures, promoting a culture of compliance and accountability. Ensure existence of adequate policies / procedures defining the scope of control activities and reporting requirements. Supervise timely central reconciliations to detect and correct errors, omissions, duplications or unexplained items, and identify root causes to prevent recurrence. Verify and confirm the performance and functional aspects of Nostro Reconciliations and Proof Reports. Prepare and check required reports as per KPI and KRI and share / discuss with the concerned areas in the Bank Group. Suggest modifications or identify suitable alternate solutions in coordination with Senior Manager Reconciliation & Control. Check and verify financial vouchers for reconciliation as per laid procedures. Support international branches and subsidiaries. Lead improvement initiatives through cross-functional teams and set examples for best practices. Encourage and recognize innovative ideas and out-of-the-box thinking within the team. Maintain confidentiality and safeguard sensitive information. Required Profile

Bachelor’s degree in Accounting, Finance, Business Administration or related field. 8 years in banking with at least 3 years in operational controls or finance experience. Proven leadership experience in a finance-related role, preferably in reconciliation and control. Strong communication skills in English and Arabic (mandatory). Analytical ability to interpret complex financial data. Proficiency in reconciliation and control tools, techniques, and related procedures, with knowledge of best practices. Excellent communication and interpersonal skills with the ability to lead and motivate a team. Well-versed with central reconcilitations functions and knowledge of banking processes / operations and systems. Knowledge of relevant regulations pertaining to operations control. Ability to collaborate with multiple departments / branches / units for follow-up on reconciliation items across the Group. Awareness of Operational Risk and reporting of long-outstanding reconciliation items. Strong knowledge of financial regulations and compliance standards. Proficiency with financial software / tools and a strong technology aptitude. Detail-oriented with a commitment to accuracy and quality. Ability to work effectively in a fast-paced, dynamic environment.

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