Recon Owner, Markets — Cash and Open Exposure

Saxo Group; Denmark; On-site; DKK 850,000 - 1,200,000; Full time

Job summary

Saxo Bank is seeking a Recon Owner for Cash and Open Exposure to strengthen ownership, governance, and reporting across reconciliations. You will monitor completeness and ensure results are reported with clear evidence for financial and regulatory purposes.

The role requires 3–5 years reconciliation experience, knowledge of financial products, data analysis, and the ability to drive automation in a tech-driven environment. Strong English communication is essential.

Qualifications

• Bachelor’s or Master’s in Finance or related field, or equivalent experience.
• Solid understanding of financial products, reconciliations, and accounting principles.
• Strong English communication; able to work independently and in teams.

Responsibilities

• Perform monthly reconciliation completeness reviews and link to GL.
• Prepare and distribute reports on findings and remediation.
• Follow up on aged reconciliation breaks daily/weekly.
• Assess impact of breaks on trading conditions and obtain sign-off.
• Work with stakeholders to incorporate new products into framework.
• Collaborate with IT/AI teams to improve processes and automation.

Skills

Reconciliation

SQL

Data analysis

Process automation

AI solutions

English (written)

Independent work

Education

Bachelor’s or Master’s in Finance

Tools

IntelliMatch

Broker Recon

Job description

About the Role

Saxo Bank is seeking a dedicated, analytical, and process-oriented Recon Owner for Cash and Open Exposure within Markets to join the Recon Risk Management team.

We are seeking a Recon Owner for Cash and Open Exposure, a newly established role designed to strengthen ownership, governance, and reporting across reconciliations covering cash balances and open exposures. The position provides independent oversight and control of operational reconciliations while ensuring strong governance standards are maintained. You will collaborate closely with Product Owners, Network Management, the Reconciliation team, Group Finance, Operations, Markets, and IT. Together, you will ensure reconciliations are complete, accurately governed, and supported by appropriate reporting and evidence for financial and regulatory purposes.

As Recon Owner, you will be responsible for ensuring reconciliations covering cash and open exposure are implemented, monitored, and maintained across all relevant contracts, excluding client and partner reconciliations. While reconciliations are performed by the Reconciliation team in IntelliMatch, you will define requirements, monitor completeness and quality, and ensure results are reported in line with governance and business requirements.

The role requires a strong understanding of the Bank’s systems and reporting landscape to establish scalable, digital reconciliation processes aligned with contractual obligations and reporting requirements. A key objective is to enhance automation, improve control frameworks, and support internal and external financial reporting. We have recently launched a new reconciliation completeness tool, Broker Recon, developed with AI support. Cash reconciliation is expected to be fully implemented by the end of Q3 2026, while exposure reconciliation is expected to be completed by the end of Q4 2026. This is an excellent opportunity for a professional with 3-5 years of reconciliation experience who is looking to broaden their expertise and contribute to a forward‑looking, technology‑driven environment.

Key Responsibilities

• Perform monthly reviews of reconciliation completeness, ensuring balances and exposures recorded in the general ledger can be matched to internal contracts and external reporting.
• Prepare and distribute regular reporting on findings, exceptions, and remediation activities to stakeholders.
• Conduct daily and weekly follow‑up on aged reconciliation breaks in accordance with established procedures, including communication with custodians, counterparties, and internal stakeholders.
• Assess and monitor the impact of reconciliation breaks on trading conditions and obtain stakeholder sign‑off where required.
• Partner with business stakeholders to ensure new products, initiatives, and agreements are correctly incorporated into the reconciliation framework.
• Collaborate closely with IT and AI development teams to continuously improve reconciliation processes, controls, and automation capabilities.

Your Profile

We are looking for a candidate with a bachelor’s or master’s degree in finance, Business, Accounting, or a related field, or equivalent experience gained within financial services. You have a solid understanding of financial products, reconciliations, accounting principles, and project delivery. Strong written communication skills in English are essential. You are comfortable working independently and collaboratively, with a structured, detail‑oriented, and analytical approach to problem‑solving. Experience within financial services is an advantage. Exposure to SQL, data analysis, technical documentation, process automation, or AI-driven solutions will be considered a strong asset. Experience working with large datasets and investigating cash and exposure breaks will support success in the role.

We get curious people invested in the world

When you work at Saxo, you become a Saxonian and part of a purpose‑driven organisation, where good ideas are always taken seriously, and where you can make a true impact. We are invested in your development, and you can expect a robust career from day one when you join Saxo – no matter which role you take on. You will join 2,500 other ambitious colleagues across 11 countries and become part of an international organisation.

We encourage an open feedback culture and supportive team environments enabling employees to grow and fulfil their career aspirations.

When you bring passion, curiosity, drive and team spirit, your learning journey will be dynamic and your career opportunities in Saxo will be immense. At Saxo we don’t just offer a job – we offer an opportunity to invest in your future!

About Saxo Bank

Support our purpose: We believe access to global capital markets is not only for the privileged few. Our vision is to enable people to fulfill their financial aspirations to make an impact. That’s why we use the power of technology to deliver clients what they need, when they need it in a user-friendly and personalised experience. We aim to deliver the world’s most user-friendly and personalised trading and investment platform experience, which gives our clients exactly what they need to make more informed investment decisions.

Do you want to work for an extremely ambitious organisation at the cutting edge of banking and technology?

You’ll be joining a company that:

• Continuously strives to improve the Saxo Experience and exceed our clients’ expectations.
• Always invests in the future.
• Builds unrivalled platforms for seasoned and experienced investors and wholesale clients that provide real‑time access to global capital markets.
• Consistently wins the highest accolades for our platforms, products and services.

Own your future: So, if you’re up for the challenge of breaking down barriers in global financial markets, we’re always looking for ambitious and enthusiastic people who share our passion for clients, technology and innovation and can bring new perspectives to our diverse team.

For more on our story, culture and identity, please read the Saxo Bank Foundation, written by our CEO and founder Kim Fournais.