Senior Reconciliation Engineer

Client of Hire Fellows

Posted on 9 Mar

Experience

5 - 10 Years

Job Location

Riyadh - Saudi Arabia

Education

Bachelor of Science(Computers)

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

Main Responsibilities

Reconciliation Engine Ownership

  • 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.

Desired Candidate Profile

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 is a meaningful advantage.
  • SQL Mastery: Advanced SQL, 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, 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: Python (Pandas, data parsing, automation scripting), valued and will be tested at the interview.
  • Language: Professional fluency in English required; Arabic is a strong plus.

Company Industry

Department / Functional Area

Keywords

  • Senior Reconciliation Engineer

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