ABOUT SIFI

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.

ROLE PURPOSE

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.

KEY RESPONSIBILITIES

Reconciliation Engine Ownership

• Lead the end-to-end implementation and fine-tuning of automated reconciliation engines (e.g. ReconArt, Gresham, TLM, or bespoke internal tooling).
  
• Define and continuously improve matching rule logic to maximise Straight-Through Processing (STP) rates and minimise manual intervention.
  

Remittance & FX Logic

• Design automated workflows to handle high-volume cross-border remittances across multiple corridors.
  
• Own the reconciliation of Instruction Amount vs. Settlement Amount, accounting for FX spreads, intermediary bank fees, value-date differences, and corridor-specific settlement rules.
  
• Develop sophisticated detection logic for 'hidden' fees and deductions that break standard matching.
  

Data Architecture & Integration

• Map and transform diverse message formats: ISO 20022 (XML), SWIFT MT103/MT202, SARIE, JSON feeds, and custom CSV bank statements from partner institutions.
  
• Collaborate with Engineering on API integrations to ensure upstream data quality at ingestion.
  

Stakeholder Liaison

• Serve as the primary translator between Finance (GAAP/IFRS requirements, audit readiness) and Engineering (API design, database management, system architecture).
  
• Own the definition of functional requirements for all reconciliation-related system changes.
  

Audit, Control & Reporting

• Build and maintain reporting dashboards that provide full transparency for internal audits and SAMA regulatory reviews.
  
• Establish documented controls and reconciliation policies as we scale toward formal audit and compliance frameworks.
  
  

Requirements

TECHNICAL REQUIREMENTS

• SQL Mastery: Advanced SQL — complex queries, stored procedures, data validation scripts, and performance tuning.
  
• Messaging Standards: Hands-on experience with ISO 20022, SWIFT MT103/MT202, and SARIE (Saudi Riyal Interbank Express).
  
• Saudi Payment Rails: Familiarity with Saudi domestic payment rails including mada network operations, switching logic, and settlement flows.
  
• EMV Reconciliation: Experience reconciling EMV card transactions — including authorisation vs. clearing discrepancies, chargeback flows, and interchange fee accounting.
  
• Financial Literacy: Nostro/Vostro accounting, double-entry bookkeeping, T+0/T+1/T+2 settlement cycles.
  
• Reconciliation Tools: Enterprise-grade reconciliation platforms (ReconArt, Gresham, TLM, or equivalent).
  
• Python / Data Tools: Python (Pandas, data parsing, automation scripting) — valued and will be tested at interview.
  
  

EXPERIENCE & QUALIFICATIONS

• Experience: 5+ years in a Techno-Functional role within Fintech, Transaction Banking, or a Payments institution.
  
• Domain Expertise: Proven track record designing or configuring Remittance Reconciliation systems at scale.
  
• Education: Bachelor's degree in Computer Science, Finance, Information Systems, or a related field.
  
• SAMA Knowledge: Familiarity with SAMA regulations and/or the KSA Open Banking framework — a meaningful advantage.
  
• Language: Professional fluency in English required; Arabic is a strong plus.