Reconciliations Lead

About the Role
We are seeking a Reconciliations Lead to join the Operations Control function of a new financial markets infrastructure venture in Oman. This greenfield post-trade platform is backed by prominent institutional investors and is currently building its operational infrastructure. This is a rare opportunity to help establish robust financial controls, reconciliation processes, and operational risk management arrangements before the platform goes live.

As the Reconciliations Lead, you will take ownership of the organisation's reconciliation activities, ensuring financial records are accurate, complete, and reconciled within agreed deadlines. You will lead the daily, monthly, and periodic reconciliation processes, investigate discrepancies, resolve outstanding breaks, and ensure appropriate controls are maintained. Additionally, you will supervise and develop a Reconciliation Analyst, helping create a robust control environment.

What You'll Do

• Lead and oversee daily, monthly, and periodic reconciliation processes, ensuring all relevant accounts and records are reconciled accurately and on time.
• Perform oversight of cash reconciliations, identifying discrepancies between internal records and external bank or counterparty statements.
• Investigate, manage, and resolve reconciliation breaks, ensuring root causes are identified and corrective actions implemented.
• Monitor outstanding exceptions and aged breaks, escalating material or unresolved issues appropriately.
• Supervise, coach, and develop the Reconciliation Analyst, allocating workloads and reviewing outputs to maintain high standards of accuracy.
• Establish, maintain, and improve reconciliation procedures and controls in line with internal policies and regulatory expectations.
• Prepare reconciliation status reports and ageing analyses for management, highlighting outstanding items, operational risks, and control weaknesses.
• Ensure appropriate supporting evidence, documentation, and sign-offs are maintained across reconciliation activities.
• Work closely with Finance, Treasury, Risk, Compliance, and Internal Audit to resolve discrepancies and strengthen the control environment.
• Liaise with banks, custodians, counterparties, service providers, and external auditors to investigate and resolve reconciliation differences.
• Support the development of effective reconciliation processes and controls as the business transitions from its build phase into live operations.

What You'll Bring

• 3–5 years' relevant experience in reconciliations, financial operations, financial control, or a related risk and control function.
• Previous hands-on reconciliation experience, with a strong understanding of cash reconciliations preferred.
• Experience investigating and resolving reconciliation breaks, discrepancies, and outstanding exceptions.
• Understanding of financial operations, accounting entries, and internal control frameworks.
• Experience working within financial services, banking, or another regulated environment.
• Proficiency in reconciliation and financial systems, with advanced spreadsheet skills for data analysis and reporting.
• Strong analytical and problem-solving skills, with excellent attention to detail.
• The ability to identify operational risks, investigate root causes, and escalate issues appropriately.
• Good organisational skills, with the ability to manage competing priorities and meet strict deadlines.
• Strong communication skills and the ability to work collaboratively with internal stakeholders and external counterparties.
• A bachelor's degree in Accounting, Finance, Business Administration, or a related discipline.
• Fluent written and spoken English.

Desirable Experience
The following would be particularly valuable:

• Experience within a financial market infrastructure, such as a central securities depository, central counterparty, exchange, or settlement system.
• Experience reconciling cash accounts, bank statements, settlement balances, or financial transactions.
• A background in financial control, operational risk, or another control-focused financial operations function, supported by practical reconciliation experience.
• Experience supervising, mentoring, or reviewing the work of junior team members.
• A recognised professional accounting or finance qualification.
• Familiarity with financial market operations, settlement processes, and the importance of accurate financial records.
• Knowledge of Arabic, in addition to English.

Location and Terms
This position is based in Muscat, Oman. It is permanent for Omani nationals and a two-year fixed-term contract for expatriate hires. Omani nationals are strongly encouraged to apply.

If you want to take ownership of a critical reconciliation function and help build the operational control framework of a new financial markets infrastructure business, please apply now!