1 Trade Settlements jobs in Saudi Arabia
Senior Settlement and Reconciliation Specialist
Posted today
Job Viewed
Job Description
Purpose
The Reconciliation and Settlement Senior Specialist oversees a reconciliation processes for Issuing and Acquiring business lines, serving both Direct and Third-Party clients. The role is critical in ensuring the accuracy and integrity of financial transactions, safeguarding organizational assets, and fostering a customer-centric approach within the reconciliation team.
KEY ACCOUNTABILITIES AND ACTIVITIES
Key Accountability Areas
Key Activities
Main Duties and Responsibilities
- Develop and continuously improve the reconciliation team's capabilities to handle multiple issuing clients.
- Ensure adequate systems and controls are in place to mitigate the risk that might arise due to operational and human errors.
- Review the reconciliation reports daily to ensure accurate and timely identification, investigation, and resolution of discrepancies in financial transactions.
- Report and escalate ageing reconciliation items as per defined timelines following the escalation matrix provided to ensure the right stakeholders are updated.
- Participate in process improvement initiatives for the development of underlying processes, reporting mechanisms and systems to facilitate ongoing improvement in the efficiency and quality of reconciliations processes.
- Primary contact point for escalations, projects and process changes impacting reconciliation processes.
- Define and implement team goals aligned with organizational objectives, emphasizing a customer-centric approach. Facilitate ongoing training and development opportunities to enhance team capabilities.
- Conduct regular process reviews to maintain staff productivity at optimal levels with best-in-class service delivery.
- Proactively address and resolve issues raised by clients or other stakeholders to maintain high levels of satisfaction
QUALIFICATIONS
- Bachelor's Degree Required.
- Professional Certificates.
Industry :
-Financial Services
-Banking
Be The First To Know
About the latest Trade settlements Jobs in Saudi Arabia !