Payments Operations Associate - Reconciliation & Settlements

DBS Bank Ltd; Sydney; On-site; AUD 65,000 - 90,000; Full time

Job summary

DBS Bank Ltd is seeking an Payment Operations Associate in Sydney to ensure payments and term deposit transactions are processed accurately within timeframes. The role performs reconciliations, resolves outstanding items and supports GFM settlements in line with procedures and cut-off times.

Ideal candidates have 1–3 years in payment operations, familiarity with SWIFT and various settlement systems, and a strong focus on risk management, compliance and effective communication with stakeholders.

Qualifications

• 1–3 years’ hands-on experience in payment operations, ideally within financial services.
• Working knowledge of domestic and international payment processing, including SWIFT MT and MX messages, Direct Entry and BPAY.
• Experience operating within maker-checker controls, payment cut-off times, reconciliation processes and escalation protocols.
• Knowledge of GFM or treasury products and settlement processes (including system knowledge in RITS, Austraclear or Murex) desirable.
• Understanding of operational risk, AML/CTF, sanctions controls and IFTI reporting obligations.
• Strong attention to detail, accuracy and time management, with the ability to manage competing priorities in a controlled, deadline-driven environment.
• Clear written and verbal communication skills and the ability to work collaboratively with Operations, GFM and other internal stakeholders.

Responsibilities

• Process business-as-usual payment and term deposit transactions as maker, ensuring instructions are complete, properly authorised and accurately entered for checker review.
• Support the processing and settlement of GFM transactions in accordance with documented procedures and agreed cut-off times.
• Complete assigned reconciliations, control checklists and transaction monitoring accurately and within agreed service levels.
• Identify and promptly escape transaction exceptions, outstanding items, operational incidents and potential control issues to senior Operations staff.
• Maintain complete and accurate supporting records in accordance with internal policies, local regulatory obligations and audit requirements.
• Assist with user acceptance testing, projects, system enhancements and Head Office initiatives affecting Cash and GFM Operations.
• Contribute to team knowledge sharing and continuous improvement while consistently following approved procedures and controls.

Skills

Payment operations experience

Attention to detail

Time management

Communication skills

Tools

SWIFT MT/MX

Direct Entry

BPAY

RITS

Austraclear

Murex

Job description

DBS Bank Ltd is seeking an Payment Operations Associate in Sydney to ensure payments and term deposit transactions are processed accurately within timeframes. The role performs reconciliations, resolves outstanding items and supports GFM settlements in line with procedures and cut-off times.

Ideal candidates have 1–3 years in payment operations, familiarity with SWIFT and various settlement systems, and a strong focus on risk management, compliance and effective communication with stakeholders.