Senior Reconciliation Officer

Since inception in 1997, RF Group has been committed to helping clients create and manage wealth. We are your local private bank connecting Bahamians with the best in local and international investments.

The Senior Reconciliation Officer is responsible for managing the bank’s entire reconciliation environment, ensuring the completeness, accuracy, and timeliness of reconciliations across cash, securities, nostro/vostro, suspense accounts, pension accounts, and internal control accounts (transit/clearing accounts).

Main Duties and Responsibilities:
Reconciliation Management

• Oversee daily and other periodic (monthly and weekly) reconciliations across bank accounts, nostro/vostro accounts, suspense, transit/clearing accounts, pension funds, and security positions.
• Ensure reconciliations are completed T+1 (daily) and T+7 (monthly) and T+3 (weekly) depending on regulatory requirements.

Break Resolution

• Investigate and resolve breaks within prescribed SOPs
  
• Perform root-cause analysis for recurring breaks and recommend permanent solutions.
• Support and lead backlog elimination using automated tools (GTMatch and system scripts).

Data Governance & Reporting

• Validate the accuracy of data feeds between Olympic, GTMatch, system scripts/queries, custodians, and ledger systems.
  
• Provide reconciliation dashboards and exception reports.
  
• Maintain audit trails and documentation for internal and external audits.

Controls & Risk Management

• Enhance the reconciliation control environment using preventive and detective controls.
  
• Ensure compliance with best practices and regulatory reconciliation guidelines.
  
• Participate in control testing and audit remediation efforts.

Leadership

• Train staff on reconciliation processes and system usage.
• Review reconciliations prepared by junior officers and sign off.
  

Requirements/Qualifications:

• Associate or Bachelor’s degree in Business Administration, Finance, Banking, Accounting or related field

• Up to 7 years of experience in operations, specifically reconciliations
• Strong attention to detail

• Excellent organizational and documentation skills
• Client service skills
• Proficient in Microsoft applications

A competitive compensation package will commensurate with relevant experience and qualifications. RF Bank & Trust (Bahamas) Limited appreciates your interest. However, only those applications shortlisted will be contacted. Internal Candidates are given preferential consideration for all vacant positions.