Bank Reconciliation Clerk

Description

At Xe, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.

About This Role

We are currently looking for a Bank Reconciliation officer to join our growing team. This role plays a key part in the reconciliation process, which is a core and ongoing responsibility. The function involves the regular review and resolution of discrepancies, ensuring accuracy and completeness across financial records. While the role sits within the finance team, its focus is more aligned with control and oversight rather than direct transactional input into the accounts. As such, it supports the integrity of financial reporting by acting as a safeguard within the broader finance environment.

OUR PRINCIPLES

• AMBITION - We dream big, try things out and always ask why not and what if We're ambitious in our thinking and our delivery
• RESPONSIBILITY - We get involved, bring our perspective, and are always open to new ideas. We take personal responsibility
• COMMUNITY - We value a sense of belonging, trusting each other and encouraging authenticity. We contribute to our community
  
  

Roles & Responsibilities

Reconciliations

• Perform daily reconciliation of multicurrency, multiregional bank accounts used for FX trades, settlements, and customer transactions, ensuring real-time accuracy across multiple payment rails and liquidity providers.
• Communicate reconciling items to operational and trading teams, monitor resolution progress, and escalate unresolved discrepancies to senior finance or risk teams to minimize exposure in volatile FX markets.
• Provide monthly variance reports detailing the position of all bank accounts versus the ledger, highlighting FX-related fluctuations, settlement timing differences, and potential operational risks.
• Collaborate closely with operations, trading, and banking partners to ensure accurate and timely processing of extended currencies, returned payments, wire settlements, net settlements, and complex FX transactions across multiple regions.
• Assist in internal and external audits by supplying detailed documentation, transaction evidence, and explanations specific to foreign exchange activities, regulatory compliance, and cross-border payment flows.
  
  

Cancellations and Middle Office

• Rolling any transaction in line with the client's settlement method.
• Monitoring trades awaiting balance and other open positions – liaising with clients on settlements and close outs, including Fraud.
• Offline beneficiary reviews and inputs.
• Dealing with Dealers requests to manage accounts and maintain segregation of duties.
• Any other adhoc Middle Office related queries and tasks.
• Compliance close out requests.
• BAML returns.
• Ongoing monitoring of returned payments queue.
• Ongoing monitoring of the Cancellation and Middle Office queue in Zendesk.
• Liaising with Consumer and Corporate desks regarding any transactions over £50K in value or offside by more than £500 (or equivalent)
• Assist Middle Office desk with reports & duties as required.
• Assist Credit desk with reports & duties as required.
• Liaising with internal and external customers as required.
• Proactively work on enhancing systems, controls, and processes.
• Ensure timely and professional resolution and escalation of any client disputes (where relevant)
  
  

Who You Are

• Previous experience:(3 years +) in Bank Reconciliation
• Desirable experience: Proven experience in the banking industry with a focus on multi-currency and multi-region operations. Strong understanding of foreign exchange risk management practices.
• Attention to Detail: Precision in reviewing financial records is necessary to spot errors and inconsistencies. Accuracy in processing invoices and payments is essential to avoid mistakes and discrepancies.
• Mathematical Proficiency: Strong numerical skills in handling financial calculations and reconciling accounts.
• Problem-Solving: Skill in identifying issues, determining their root causes, and implementing practical solutions.
• Technical Proficiency: Competent with Excel, Outlook, SharePoint, Teams and adaptable to new and internal systems.
• Time Management: Ability to prioritize tasks and manage time effectively to meet reconciliation deadlines. Time management skills, with the ability to multi-task and prioritise conflicting deadlines and manage the time and resources of others effectively.
• Knowledge of Accounting Principles: Understanding of basic accounting principles and practices.
• Analytical Skills: Ability to analyse complex financial data to identify discrepancies and ensure accurate reconciliation. Display problem-solving skills, strong attention to detail, andexcellent numeracy skills.
• Communication Skills: Clear communication with vendors, suppliers, and internal departments to resolve issues and discrepancies. Ability to communicate professionally with others, fostering good working relationships with other departments.
• Confidentiality: Handling sensitive financial information with discretion and integrity.
  
  

Perks & Benefits

• Competitive Salary and Allowances
• HMO/Dental/Life Insurance Benefits on Day 1
• Paid Time Off (SL/VL) with Leave Conversion
• 13th Month Bonus
• Incentives
  
  

We want Xe to be a great place to work and to ensure that our communities are represented across our workforce. A vital part of this is ensuring we are a truly inclusive organization that encourages diversity in all respects.

At Xe we are committed to making our recruitment practices barrier-free and as accessible as possible for everyone. This includes making adjustments or changes for disabled people, neurodiverse people or people with long-term health conditions. If you would like us to do anything differently during the application, interview or assessment process, including providing information in an alternative format, please contact us on [Confidential Information]

The position responsibilities outlined above are intended to define the general contents and requirements to perform this job. It is not to be taken as a complete statement of responsibilities or requirements. This job description does not restrict the Company's right to assign or reassign duties and responsibilities to this job as needed.