Clearing & Settlement Officer (Commercial Banking)

GREENLANE PRIVATE LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services company in Singapore is looking for an individual to process payment clearing operations and manage customer remittance applications. The role requires a Bachelor’s degree in Banking, Finance, or a related field, along with hands-on experience in relevant banking processes. Candidates should be proactive and able to work effectively under pressure in a fast-paced environment.

Qualifications

• Hands-on experience with SWIFT, MEPS+, IBG, FAST, and PayNow.
• Strong understanding of account entries and settlement processes.
• Proactive, detail-oriented, and able to work under pressure.

Responsibilities

• Process payment clearing operations for banking transactions.
• Handle customer remittance applications submitted by various departments.
• Manage enquiry cases and follow up on escalated matters.
• Perform daily file downloads, uploads, and archiving on the G3 platform.
• Support annual routine testing for MEPS+ and G3 systems.
• Register and maintain local GIRO and PayNow agreements.
• Monitor end-of-day balances of internal accounts.
• Coordinate with departments to optimize systems and procedures.

Skills

SWIFT

MEPS+

IBG

FAST

PayNow

MS Office applications

Education

Bachelor’s degree in Banking, Finance, or a related discipline

Job description

Responsibilities

• Process payment clearing operations, including sending, receiving, and transferring remittances and SWIFT messages for commercial banking transactions.
• Handle customer remittance applications submitted by Retail Banking, Remittance Team, and other departments.
• Manage enquiry cases and ensure prompt follow-up on matters escalated to other teams or branches.
• Perform daily download, upload, and archiving of files and reports via the G3 platform.
• Support annual routine testing for MEPS+ and G3 systems.
• Register and maintain local GIRO agreements, Reciprocal Mutual Agreements (RMA), and PayNow agreements.
• Monitor end-of-day balances of internal accounts.
• Coordinate with other business departments to optimize systems and procedures, including testing enhancements.
• Assist with ad hoc responsibilities as assigned by the Department Head, Deputy Head, or Team Leader.

Requirements

• Bachelor’s degree in Banking, Finance, or a related discipline.
• Hands-on experience with SWIFT, MEPS+, IBG, FAST, and PayNow.
• Strong understanding of account entries and settlement processes.
• Proficient in MS Office applications.
• Proactive, detail-oriented, and able to work under pressure in a fast-paced environment.
• Strong sense of responsibility and adherence to company policies and regulations.