Head of Central Reconciliation Unit (CRU) at Mashreq Careers

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

14 Jul, 26

Salary

0.0

Posted On

15 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reconciliation, Financial controls, Governance, Strategic process change, Stakeholder engagement, Data governance, TLM, GL accounting, Regulatory compliance, Workflow design, Risk management, Automation, Financial services, Leadership, Analytical skills, Diagnostic skills

Industry

Banking

Description

To lead the end-to-end enterprise-wide reconciliation function through the design, implementation, and governance of CRU. The incumbent will be accountable for executing the reconciliation strategy, enhancing control effectiveness, ensuring compliance with regulatory and internal policies, driving automation, and aligning reconciliation operations across Group Operations, Finance, Technology, and International Banking Group (IBG) locations & Overseas branches, including Subsidiaries. The role is central to transforming the reconciliation ecosystem into a standardized, risk-managed, and insight-driven function across the bank. KNOWLEDGE, SKILLS AND EXPERIENCE Knowledge: * Deep understanding of reconciliation processes across Nostro, Internal accounts, Sundry GLs, VAT Process and Regulatory Reconciliation requirements. * Strong knowledge of reconciliation systems architecture, including workflow design, logic configuration, and data feed dependencies. * Familiarity with financial controls, GL accounting principles, provisioning and write-off policies, and external audit requirements. Skills: * Strong analytical and diagnostic skills, with the ability to interpret MI, break trends, and drive strategic process change. * Stakeholder engagement and influencing skills to work effectively with cross-functional leaders across Operations, Finance, Audit, and Technology. * Proficiency in reconciliation platforms (e.g., TLM) and data governance tools. Experience: * 20+ years of experience in financial services, with at least 5 years leadership role in reconciliation, financial controls, or governance roles. * Demonstrated experience in leading multi-country reconciliation or financial control teams in a bank or financial institution. Proven track record in driving standardization, audit compliance, and technology-driven reconciliation enhancements. The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.

Responsibilities

The incumbent will lead the end-to-end enterprise-wide reconciliation function by designing and implementing a standardized, risk-managed, and insight-driven CRU. They are responsible for executing reconciliation strategy, driving automation, and ensuring compliance across global operations, finance, and technology departments.