Reconciliation Officer - Nostro and Internal Account Operations - First Abu Dhabi Bank Dubai
Posted date [2025-07-15]
(ID: 36171)
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As the largest bank in the UAE, FAB has taken decisive steps as a regional pacesetter in the financial industry to bind both ambition and action together to accelerate the pace of positive environmental change. As the first bank in the MENA region to have committed to a target of net-zero emissions by 2050, we're making advances across our own operations in addition to walking alongside our clients as their strategic partner to ensure they can achieve their climate goals.... |
Reconciliation Officer - Nostro and Internal Account Operations - First Abu Dhabi Bank Dubai
Role Summary
First Abu Dhabi Bank (FAB) is hiring a Reconciliation Officer to join the Core Processing function in Dubai. This role is essential in ensuring the accurate reconciliation of Nostro accounts, inter-branch transactions, and system-generated entries. You will oversee operational risk management, timely reporting, and escalation of exceptions in alignment with non-BAU protocols. The ideal candidate will have strong experience in reconciliation, SWIFT queue management, and back-office treasury support.
Job Details
Job Location: Dubai, UAE
Industry: Banking
Function: Banking / Mortgage Professionals
Salary: 14000–18000 monthly (Market estimated)
Gender: Any
Candidate Nationality: Any
Candidate Current Location: Any
Job Type: Full time
What You’ll Do
* Oversee daily reconciliation operations including Nostro accounts, inter-branch call accounts, and customer account adjustments
* Monitor SWIFT inbound/outbound queues and authorize entries with date/value mismatches
* Ensure timely submission of reports to MIS and management dashboards, including intelliMATCH and iTRACs reports
* Track unapplied credits, unclaimed accounts, and ensure all exceptions are followed up as per escalation matrices
* Support audit-readiness through monthly reconciliation reviews, exception tracking, and risk flagging
* Coordinate with Treasury, SSD, FCIS, TFO, and other units to resolve discrepancies across multiple internal and external systems
* Ensure compliance with non-BAU protocols, recordkeeping guidelines, and operational control policies
* Supervise staff work allocation, track activity logs, and maintain operational continuity in case of staff absence
* Maintain accuracy of balance pools and reconciliation tools, including MT940/950 reject entries and binding records
* Deliver process improvement suggestions to enhance efficiency and service quality
Candidate Requirements
* Bachelor’s degree in Business, Finance, Economics, or related field
* 4–8 years of relevant banking experience with at least 5 years in reconciliation or core processing operations
* Strong familiarity with SWIFT messages, Nostro accounting, inter-branch transactions, and reconciliation software (e.g., intelliMATCH)
* In-depth understanding of operational risk, exception handling, and regulatory requirements
* Excellent analytical, problem-solving, and team supervision skills
* Ability to work under pressure while maintaining accuracy and risk awareness
Why Join FAB
* Be part of the UAE’s most trusted and secure financial institution
* Take on a mission-critical role within operations, supporting global transaction accuracy
* Collaborate with cross-functional teams across Treasury, Compliance, and Back Office
* Grow your career with a bank recognized for operational excellence and innovation
About the Company
First Abu Dhabi Bank (FAB) is the UAE’s largest and most secure financial institution, with a significant presence in Dubai and across international markets. As a leader in regional banking transformation, FAB provides a wide range of tailored financial products and services to corporate, investment, and retail clients. The Core Processing and Reconciliation team plays a vital role in ensuring data accuracy, risk control, and seamless customer service across platforms.
Employers, connect with top operations talent today using the **GCC employer free job posting portal**—post your roles and access expert candidates at zero cost.
Role Summary
First Abu Dhabi Bank (FAB) is hiring a Reconciliation Officer to join the Core Processing function in Dubai. This role is essential in ensuring the accurate reconciliation of Nostro accounts, inter-branch transactions, and system-generated entries. You will oversee operational risk management, timely reporting, and escalation of exceptions in alignment with non-BAU protocols. The ideal candidate will have strong experience in reconciliation, SWIFT queue management, and back-office treasury support.
Job Details
Job Location: Dubai, UAE
Industry: Banking
Function: Banking / Mortgage Professionals
Salary: 14000–18000 monthly (Market estimated)
Gender: Any
Candidate Nationality: Any
Candidate Current Location: Any
Job Type: Full time
What You’ll Do
* Oversee daily reconciliation operations including Nostro accounts, inter-branch call accounts, and customer account adjustments
* Monitor SWIFT inbound/outbound queues and authorize entries with date/value mismatches
* Ensure timely submission of reports to MIS and management dashboards, including intelliMATCH and iTRACs reports
* Track unapplied credits, unclaimed accounts, and ensure all exceptions are followed up as per escalation matrices
* Support audit-readiness through monthly reconciliation reviews, exception tracking, and risk flagging
* Coordinate with Treasury, SSD, FCIS, TFO, and other units to resolve discrepancies across multiple internal and external systems
* Ensure compliance with non-BAU protocols, recordkeeping guidelines, and operational control policies
* Supervise staff work allocation, track activity logs, and maintain operational continuity in case of staff absence
* Maintain accuracy of balance pools and reconciliation tools, including MT940/950 reject entries and binding records
* Deliver process improvement suggestions to enhance efficiency and service quality
Candidate Requirements
* Bachelor’s degree in Business, Finance, Economics, or related field
* 4–8 years of relevant banking experience with at least 5 years in reconciliation or core processing operations
* Strong familiarity with SWIFT messages, Nostro accounting, inter-branch transactions, and reconciliation software (e.g., intelliMATCH)
* In-depth understanding of operational risk, exception handling, and regulatory requirements
* Excellent analytical, problem-solving, and team supervision skills
* Ability to work under pressure while maintaining accuracy and risk awareness
Why Join FAB
* Be part of the UAE’s most trusted and secure financial institution
* Take on a mission-critical role within operations, supporting global transaction accuracy
* Collaborate with cross-functional teams across Treasury, Compliance, and Back Office
* Grow your career with a bank recognized for operational excellence and innovation
About the Company
First Abu Dhabi Bank (FAB) is the UAE’s largest and most secure financial institution, with a significant presence in Dubai and across international markets. As a leader in regional banking transformation, FAB provides a wide range of tailored financial products and services to corporate, investment, and retail clients. The Core Processing and Reconciliation team plays a vital role in ensuring data accuracy, risk control, and seamless customer service across platforms.
Employers, connect with top operations talent today using the **GCC employer free job posting portal**—post your roles and access expert candidates at zero cost.
