Payment Operations - Remittance

OCBC e2 Power Sdn Bhd; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive base salary

Flexible benefits

Professional development opportunities

Community initiatives

Job summary

OCBC e2 Power Sdn Bhd is seeking a capable Remittance Operations Lead to manage end-to-end payment processing, ensuring timely, accurate remittance transactions in line with AML and regulatory standards.

The role requires 3-4 years in remittance or payments with at least 1 year in a supervisory capacity, strong problem-solving skills, and excellent stakeholder management. Based in Malaysia, the position offers competitive salary and development opportunities.

Qualifications

• Bachelor's degree in Banking & Finance, Business Administration, or a related field.
• 3-4 years of experience in payment processing/remittance operations, with at least 1 year in a managerial role.
• Strong knowledge of payment systems, remittance workflows, and regulatory compliance requirements.
• Proven experience managing SLAs and driving process improvements.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficient in payment processing software and MS Office applications.
• Exceptional communication and stakeholder management skills.
• Ability to work under pressure and manage multiple priorities simultaneously.

Responsibilities

• Process and authorize domestic and international remittance transactions accurately and timely.
• Oversee end-to-end remittance processing activities and ensure compliance with policies and regulatory requirements.
• Monitor compliance with internal controls and AML policies; investigate and resolve discrepancies.
• Collaborate with finance, IT, and compliance teams and external partners to ensure smooth operations.
• Manage SLAs for remittance processing and report performance to senior management.
• Act as escalation point for complex customer issues related to remittance processing.
• Coordinate system monitoring and address outages with IT and vendors.
• Drive continuous improvements and automation in workflows; support audit activities.

Skills

Analytical skills

Problem-solving

Decision-making

Stakeholder management

Communication

Pressure handling

Knowledge of payment systems

Education

Bachelor's degree in Banking & Finance / Business Administration

Tools

MS Office

Payment processing software

Job description

WHO WE ARE

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

Key Responsibilities

Payment Processing & Authorization: Process and authorize both domestic, international remittance transactions (Telegraphic Transfer/ Velocity/Internet Banking) accurately and within stipulated timelines. Oversee end-to-end remittance processing activities ensuring accuracy and timeliness. Ensure payments are processed in accordance with company policies and regulatory requirements. Conduct verification and reconciliation of payment records to ensure accuracy and completeness Maintain up-to-date knowledge of payment systems and industry best practices Compliance & Exception Handling: Monitor compliance with internal controls, regulatory guidelines, and industry standards. Identify, investigate, and resolve exceptions and discrepancies in payment transactions. Collaborate with compliance teams to implement corrective actions and mitigate risks. Ensure all remittance transactions comply with regulatory requirements, anti-money laundering (AML) policies, and internal controls (eg: signature verification & call back requirement) Stakeholder Management & Collaboration: Build and maintain strong relationships with internal stakeholders including finance, compliance, IT, and customer service teams. Collaborate with external partners such as payment gateways, and vendors to ensure smooth remittance operations. Communicate effectively with senior leadership on operational status, challenges, and improvement plans. SLA Management: Monitor and ensure adherence to established SLAs for remittance processing and related services. Prepare and present regular performance reports to senior management. Identify bottlenecks and implement strategies to improve SLA compliance. Customer Service & Issue Resolution: Act as a point of escalation for complex customer issues related to remittance processing. Collaborate with customer service teams to ensure timely and effective resolution of payment-related queries. Maintain strong relationships with internal and external stakeholders. Document and track issues to ensure timely resolution and follow-up. System Monitoring & Escalation: Oversee system monitoring activities to ensure uninterrupted remittance processing operations. Coordinate with IT and vendor teams to address system issues and outages promptly. Escalate critical system failures or risks to senior management as needed. Process Improvement: Continuously review and analyze remittance processing workflows to identify opportunities for efficiency gains. Identify bottlenecks and recommend automation or workflow enhancements. Promote a culture of innovation and accountability within the team. Audit Coordination: Prepare documentation and evidence for internal and external audits related to remittance processing. Address audit findings and implement recommendations in a timely manner.

Qualifications

• Bachelor's degree in Banking & finance, Business Administration, or a related field.
• Minimum 3-4 years of experience in payment processing, remittance operations, or financial services, with at least 1 years in a managerial role.
• Strong knowledge of payment systems, remittance workflows, and regulatory compliance requirements.
• Proven experience managing SLAs and driving process improvements.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficient in payment processing software and MS Office applications.
• Exceptional communication and stakeholder management skills.
• Ability to work under pressure and manage multiple priorities simultaneously.

What we offer

• Competitive base salary.
• A suite of holistic, flexible benefits to suit every lifestyle.
• Community initiatives.
• Industry-leading learning and professional development opportunities.
• Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
• Let's build the bank we need for the future we want.
• Find the best version of yourself in a friendly, supportive team.
• Build lasting value in your community.
• Help people grow their assets, business, and investments.
• Take your learning as far as you can.
• Or simply enjoy a vibrant, future-ready career.
• Your Opportunity Starts Here.

Company Overview

As the longest established Singapore bank, formed in 1932 from the merger of three local banks, we have grown from strength to strength to become a regional financial services group. With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. We are the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit rating (Aa1 by Moody’s and AA- by both Fitch and S&P). We offer private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Our insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia.