Job Description
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.
- 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, monitoring purposes of the activities performed by the ‘Reconciliation & Control Department’ personnel and monitor their achievements on periodic basis.
- Assist Manager Reconciliation & Control’ in the creation of Key Performance Indicators (KPIs), for performance monitoring and Control measurement purposes, pertaining to the activities performed by the ‘Reconciliation & Control Department’ personnel and monitor their achievements on periodic basis.
- Various local and international departments/ units within Bank Group which will be covered by the personnel responsible for the Reconciliation & Control functions and to whom reports will be issued stating the areas where improvement is required from an operational/ control perspective.
- Liaise with ‘AVP Reconciliation & Control’ which will be advised / informed of long outstanding reconciliation items pertaining to the accounts that are yet to be resolved and/or any suspicious movement.
- Supervise subordinates to ensure daily reconciliation for assigned Accounts to enable timely identification and resolution of outstanding reconciliation items and thereby prevent any losses being incurred by the Group.
- Act within the limits of the powers delegated to the incumbent and delegate authority to the respective staff and monitor exercise of the same.
- Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance.
- Ensure adherence to company policies and procedures, promoting a culture of compliance and accountability.
- Ensure the existence of adequate policies/ procedures which define the scope of the control activities and the reporting requirements.
- Supervise the timely conduction of central reconciliations in accordance with laid down procedures to ensure that errors, omissions, duplications and any unexplained items are discovered and corrected timely and the root causes identified to prevent recurrence of such instances in future.
- Verify & confirm the performance and functional aspects of the Nostro Reconciliation, and Proof Reports.
- Prepare and Check required reports as per the agreed (KPI) & (KRI) and share/discuss with concerned area in Bank Group.
- Suggest modifications and/ or identify suitable alternate solutions where necessary in coordination with Senior Manager Reconciliation & Control.
- Check and verify financial vouchers for reconciliation as per the laid procedures.
- Support International Branches and Subsidiaries.
- Set examples by leading improvement initiatives through cross-functional teams ensuring successes.
- Identify and encourage people to adopt practices better than the industry standard.
- Continuously encourage and recognize the importance of thinking out-of-the-box within the team.
- Encourage, solicit and reward innovative ideas even in day-to-day issues
- Possess understanding of Banking Operations, Accounting, control and reconciliation tools, techniques and methods.
- Hold meetings with staff and assess their performance and your team’s overall performance on a regular basis.
- Take decisive action to ensure speedy resolution of unresolved grievances or conflicts within the team members.
- Identify development opportunities and activities for staff and facilitate/coach them to improve their effectives and prepare them to assume greater responsibilities.
- Ensure high standards of confidentiality exist to safeguard important and sensitive information.
