About the Role
We are seeking a bright, analytical, and detail-oriented Reconciliations Analyst to join the Operations Control function during the build phase of a new financial markets infrastructure venture in Oman. Backed by prominent institutional investors, the business is developing a greenfield post-trade platform, and this role presents a unique opportunity to be part of establishing key reconciliation processes and financial controls critical to the infrastructure.
This position is suitable for someone early in their career with a foundation in financial services, risk, or financial control, who is eager to develop specialist experience in financial markets infrastructure. While prior reconciliation experience is beneficial, we value strong analytical abilities, sound judgment, and a genuine interest in financial controls.
You will be integral in supporting daily reconciliations of cash balances and securities, investigating discrepancies, and maintaining accurate records that underpin effective controls and audit requirements.
This role offers an opportunity to advance your career within a new financial markets infrastructure business, gaining exposure to essential post-trade operations and the controls that ensure the accuracy of financial records.
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What You'll Do
- Support daily cash reconciliations, ensuring participants' internal cash balances match funds held in the company's segregated settlement bank accounts across relevant currencies.
- Reconcile securities balances against instrument records to ensure holdings are complete and accurate.
- Investigate, document, and track reconciliation breaks and discrepancies through to resolution.
- Collaborate with processing, settlement, and other operational teams to understand and resolve outstanding issues.
- Maintain independence from processing activities being reconciled, adhering to appropriate segregation of duties and internal control procedures.
- Prepare accurate reconciliation records, exception reports, and supporting evidence for review by the Reconciliations Lead.
- Monitor outstanding discrepancies and escalate unresolved items or potential control weaknesses appropriately.
- Liaise with settlement banks and, where necessary, participants to confirm balances and investigate differences.
- Maintain clear and auditable records of reconciliation activities, investigations, and resolutions.
- Contribute to enhancing reconciliation procedures, reporting, and financial control processes.
What You'll Bring
- A bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.
- Some relevant experience within financial services, ideally involving risk, financial control, operations control, or reconciliations.
- A basic understanding of financial controls and the importance of accurate financial records.
- Strong analytical and problem-solving skills, with excellent attention to detail.
- The ability to investigate discrepancies methodically, question inconsistencies, and follow issues through to resolution.
- Confidence working with numerical data, spreadsheets, and financial information.
- Good organizational skills and the ability to meet deadlines while maintaining accuracy.
- Clear written and verbal communication skills, with the ability to work collaboratively across teams.
- A proactive attitude, willingness to learn, and the confidence to raise concerns when something doesn’t look right.
- Proficiency in written and spoken English.
Desirable Experience
The following would be particularly valuable:
- Previous exposure to cash reconciliations, bank statements, account balances, or securities positions.
- Experience in a risk, financial control, audit, or other control-focused role within financial services.
- Familiarity with banking operations, settlement processes, or segregated cash accounts.
- Experience using spreadsheets or financial systems to analyze data and investigate discrepancies.
- A recognized accounting or financial services qualification, or progress towards one.
- Knowledge of Arabic, in addition to English.
Location and Terms
This position is based in Muscat, Oman. It offers a permanent contract for Omani nationals and a two-year fixed-term contract for expatriate hires. Omani nationals are strongly encouraged to apply.
If you want to develop your career while helping build the reconciliation and control foundations of a new financial markets infrastructure business, please apply!
