Clearing and Settlement Staff

OwnBank; Taguig; Híbrido; PHP 360.000 - 480.000; Jornada completa

Descripción de la vacante

OwnBank in Metro Manila seeks an Settlements and Clearing Operations Staff to ensure accurate and timely processing, validation, settlement, and clearing of treasury transactions. You will work to maintain controls, comply with requirements, and coordinate with internal teams and external counterparties.

You will handle InstaPay, PESONet, BancNet payments, monitor settlements, reconcile items, and prepare daily reports.

Formación

• Bachelor’s degree in Finance, Accounting, Banking, Business Administration, Economics, or related field.
• 1–3 years of experience in Treasury Operations, Banking Operations, Clearing & Settlements, Cash Management, or related financial services functions.
• Familiarity with bank clearing, fund transfers, payment processing, settlement of treasury transactions, and bank reconciliation.
• Basic knowledge of Fixed Income, Foreign Exchange, Time Deposits, and other Treasury products is an advantage.
• Knowledge of PESONet, InstaPay, PDDTS, SWIFT, RTGS/PhilPaSS, or similar payment/settlement systems is an advantage.

Responsabilidades

• Process authorized InstaPay, PESONet, BancNet, and other payment transactions.
• Monitor transaction status and settlement confirmations.
• Verify transaction details against approved instructions.
• Prepare daily operational reports.
• Escalate rejected, failed, unusual, or unreconciled transactions to the Treasury Operations Manager.

Conocimientos

Microsoft Excel

Attention to detail

Analytical skills

Communication skills

Educación

Bachelor's degree in Finance

Herramientas

PESONet

InstaPay

PDDTS

SWIFT

RTGS/PhilPaSS

Descripción del empleo

Job Purpose:

The Settlements and Clearing Operations Staff is responsible for the accurate and timely processing, validation, settlement, and clearing of treasury transactions. The role ensures compliance with internal controls, regulatory requirements, and market practices while coordinating with internal departments and external counterparties.

Duties and Responsibilities:

1. Process authorized InstaPay, PESONet, BancNet, and other payment transactions.

2. Monitor transaction status and settlement confirmations.

3. Verify transaction details against approved instructions.

4. Process authorized Treasury payment and settlement instructions.

5. Assist in processing foreign currency-denominated payables.

6. Monitor Mastercard, Telex, PDDTS, subscriptions, and other Treasury-related settlements.

7. Monitor applicable transaction cut-off times.

8. Identify incoming deposits and other incoming funds.

9. Act as maker for all settlements function.

10. Coordinate with concerned units regarding unidentified incoming transactions.

11. Perform daily transaction reconciliation.

12. Investigate transaction discrepancies and outstanding items.

13. Maintain transaction records and supporting documents.

14. Prepare daily operational reports.

15. Escalate rejected, failed, unusual, or unreconciled transactions to the Treasury Operations Manager.

16. Ensure all transactions are processed in accordance with approved procedures and controls.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Banking, Business Administration, Economics, or related field.

• 1–3 years of experience in Treasury Operations, Banking Operations, Clearing & Settlements, Cash Management, or related financial services functions.

• Familiarity with bank clearing, fund transfers, payment processing, settlement of treasury transactions, and bank reconciliation.

• Basic knowledge of Fixed Income, Foreign Exchange, Time Deposits, and other Treasury products is an advantage.

• Knowledge of PESONet, InstaPay, PDDTS, SWIFT, RTGS/PhilPaSS, or similar payment/settlement systems is an advantage.

• Proficient in Microsoft Excel, including basic formulas, reconciliations, and transaction monitoring.

• Strong attention to detail and accuracy, particularly when handling high-value transactions.

• Good analytical and problem-solving skills, particularly in investigating settlement breaks, unmatched transactions, and reconciliation differences.

• Strong coordination and communication skills when dealing with banks, counterparties, Treasury, Accounting, Operations, and other internal teams.

• Ability to work under time-sensitive and high-volume environments, including settlement cut-off periods.

• Strong understanding of internal controls, segregation of duties, operational risk, and compliance requirements.