Senior Reconciliation Engineer

<div><h3>About Sifi</h3><p>SiFi is building the future of spend management and financial operations in Saudi Arabia. Following our expansion into domestic and cross-border remittances, we are hiring a specialist who can bridge the gap between complex financial flows and automated system logic — ensuring every halala is accounted for across every corridor we operate in.</p><h3>Role Purpose</h3><p>You will be the architect of our reconciliation integrity. This is a high-ownership role that sits at the intersection of Finance and Engineering — you will own the design, implementation, and continuous improvement of our automated reconciliation and exception-management infrastructure. As SiFi scales, you will be expected to grow this function and, over time, build out the team around it.</p><h3>Key Responsibilities</h3><h3>Reconciliation Engine Ownership</h3><ul><li>Lead the end‑to‑end implementation and fine‑tuning of automated reconciliation engines (e.g. ReconArt, Gresham, TLM, or bespoke internal tooling).</li><li>Define and continuously improve matching rule logic to maximise Straight‑Through Processing (STP) rates and minimise manual intervention.</li></ul><h3>Remittance&FX Logic</h3><ul><li>Design automated workflows to handle high‑volume cross‑border remittances across multiple corridors.</li><li>Own the reconciliation of Instruction Amount vs. Settlement Amount, accounting for FX spreads, intermediary bank fees, value‑date differences, and corridor‑specific settlement rules.</li><li>Develop sophisticated detection logic for ‘hidden’ fees and deductions that break standard matching.</li></ul><h3>Data Architecture&Integration</h3><ul><li>Map and transform diverse message formats: ISO 20022 (XML), SWIFT MT103/MT202, SARIE, JSON feeds, and custom CSV bank statements from partner institutions.</li><li>Collaborate with Engineering on API integrations to ensure upstream data quality at ingestion.</li></ul><h3>Stakeholder Liaison</h3><ul><li>Serve as the primary translator between Finance (GAAP/IFRS requirements, audit readiness) and Engineering (API design, database management, system architecture).</li><li>Own the definition of functional requirements for all reconciliation‑related system changes.</li></ul><h3>Audit, Control&Reporting</h3><ul><li>Build and maintain reporting dashboards that provide full transparency for internal audits and SAMA regulatory reviews.</li><li>Establish documented controls and reconciliation policies as we scale toward formal audit and compliance frameworks.</li></ul><h3>Requirements</h3><h3>Technical Requirements</h3><ul><li>SQL Mastery: Advanced SQL — complex queries, stored procedures, data validation scripts, and performance tuning.</li><li>Messaging Standards: Hands‑on experience with ISO 20022, SWIFT MT103/MT202, and SARIE (Saudi Riyal Interbank Express).</li><li>Saudi Payment Rails: Familiarity with Saudi domestic payment rails including mada network operations, switching logic, and settlement flows.</li><li>EMV Reconciliation: Experience reconciling EMV card transactions — including authorisation vs. clearing discrepancies, chargeback flows, and interchange fee accounting.</li><li>Financial Literacy: Nostro/Vostro accounting, double‑entry bookkeeping, T+0/T+1/T+2 settlement cycles.</li><li>Reconciliation Tools: Enterprise‑grade reconciliation platforms (ReconArt, Gresham, TLM, or equivalent).</li><li>Python / Data Tools: Python (Pandas, data parsing, automation scripting) — valued and will be tested at interview.</li></ul><h3>Experience&Qualifications</h3><ul><li>Experience: 5+ years in a Techno‑Functional role within Fintech, Transaction Banking, or a Payments institution.</li><li>Domain Expertise: Proven track record designing or configuring Remittance Reconciliation systems at scale.</li><li>Education: Bachelor's degree in Computer Science, Finance, Information Systems, or a related field.</li><li>SAMA Knowledge: Familiarity with SAMA regulations and/or the KSA Open Banking framework — a meaningful advantage.</li><li>Language: Professional fluency in English required; Arabic is a strong plus.</li></ul></div>#J-18808-Ljbffr