Account Reconciliation Lead

3 days ago


Muscat, Muscat, Oman Oman Arab Bank Full time

About Oman Arab Bank

Oman Arab Bank is one of the largest banks in the Sultanate of Oman. We offer a range of banking services including corporate, retail, and Islamic banking. Our mission is to provide innovative and customer-focused banking solutions to meet the evolving needs of individuals, businesses, and communities.


Job Details

We are seeking an experienced Risk Management Specialist to join our team. The successful candidate will have 7-8 years of experience in similar roles and possess excellent analytical skills. The job involves overseeing the process of reviewing submitted applications and coordinating with the Operations or Credit Documentation to rectify errors based on error reports. The candidate will also share weekly error reports of critical and non-critical issues and highlight any critical errors pertaining to financial impact, loan, or overdraft limit concerns to the Head of the department and Operations incident report to the Risk Department on the same day.


Responsibilities

  • — Oversee the process of reviewing submitted applications and coordinate with the Operations or Credit Documentation to rectify errors based on error reports.
  • — Share weekly error reports of critical and non-critical issues.
  • — Highlight any critical errors pertaining to financial impact, loan, or overdraft limit concerns to the Head of the department and Operations incident report to the Risk Department on the same day.
  • — Work with the CEO office and business on re-classification of accounts based on specific business justification, exceptions, and business potential.
  • — Develop and submit CBO monthly/quarterly reports.
  • — Coordinate with IT and operations for smooth functioning of systems.
  • — Review existing processes and recommend changes and improvements based on system or process perspective as part of the Agile project group.
  • — Lead department contribution to Omanization targets through the setting of goals/KPIs in relation to the hiring and development of Omani Nationals in the workforce.

Requirements

The ideal candidate will have a bachelor's degree in a related field and 7-8 years of experience in similar roles. They will also possess excellent analytical, communication, and problem-solving skills.

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