Payment and Settlements Analyst

LMAX Group; Singapore; On-site; SGD 60,000 - 90,000; Full time

Benefits offered by this job

25 days holiday

Bonus

CPF Pension

Private medical and dental coverage

Term Life

Personal Death and Accident Insurance

Wellness contribution program (ClassGo

Plumm Platform

Five volunteering days

Give as You Earn

Job summary

LMAX Group is seeking a highly analytical Payments and Settlement Analyst to join our payments team in Singapore. The role focuses on raising and reconciling payments, settlements, and data-driven process improvements.

You will work with TMS and online banking portals, monitor daily transactions, and collaborate with internal and external stakeholders to ensure accurate, timely payments while maintaining compliance with industry regulations.

Qualifications

• Bachelor's degree in finance, accounting or related field.
• Proven experience in payments, settlements, or financial analysis role.
• Strong analytical skills with the ability to interpret complex financial data.
• Proficiency in Microsoft Excel and other software applications.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to detail and accuracy in all work activities.
• Knowledge of payment processing system.

Responsibilities

• Raise payments across multiple entities using a TMS system and online banking portals.
• Monitor and reconcile daily payment transactions to ensure accuracy and completeness.
• Investigate and resolve discrepancies in payments, settlements, or queries.
• Collaborate with internal teams and external partners to facilitate smooth payment process.
• Analyse payment data to identify trends, risks, and opportunities for process improvement.
• Build and maintain macros and other Excel spreadsheets for reconciliations.
• Act as the key contact for payments and develop good working relationships with stakeholders.
• Stay up to date with industry regulations and best practices related to payments and settlements.
• Ensure adherence to risk management principles, TCF and CASS, and highlight risks.
• Work with Broker Operations teams to handle client queries and provide cover as required.
• Maintain sound understanding of risks and controls and enforce procedures to minimise risks.

Skills

Strong analytical skills

Excellent communication

Interpersonal skills

Attention to detail

Ability to work independently

Team collaboration

Education

Bachelor's degree in finance, accounting, or related field

Tools

Microsoft Excel

Payment processing system

Job description

LMAX Group is seeking a highly analytical and detail-orientated Payments and Settlement Analyst to join our payments team. The ideal candidate will have a strong background in financial analysis, experience with payment processing systems, and a deep understanding of settlement procedures.

Main Duties & Responsibilities:

• Raising payments across multiple entities using a TMS system and online banking portals, whilst ensuring all payments are accurately raised and released in a timely manner.
• Monitor and reconcile daily payment transactions to ensure accuracy and completeness.
• Investigate and resolve discrepancies in payments, settlements, resolve any queries, i.e. Recalls, Tracers and Rejections both internally and externally.
• Collaborate with internal teams and external partners to facilitate smooth payment process.
• Analyse payment data to identify trends, risks, and opportunities for process improvement.
• Building and maintaining macro and other excel spreadsheets for reconciliations.
• Act as the key contact for payments and develop good working relationships with internal and stakeholders.
• Stay up to date with industry regulations and best practices related to payments and settlements.
• To ensure that LMAX's principles and controls for risk management, TCF and CASS are adhered to and highlight any potential/risks of breaches.
• Working with Broker Operations teams to ensure all client related queries are dealt thoroughly and providing cover as required.
• Maintaining through regular updates a sound understanding of the risks and controls associ-ated with their role and subsequently utilising this knowledge to follow and enforce all agreed procedures to ensure risks are minimised across the payment processes and within the team.
• Work covering Monday to Friday with occasion weekend on-call and UK bank holiday work.
• Assist with ad-hoc projects and tasks as assigned by management.

• Bachelor's degree in finance, Accounting, or related field
• Proven experience in payments, settlements, or financial analysis role
• Strong analytical skills with the ability to interpret complex financial data.
• Proficiency in Microsoft Excel and other software applications.
• Excellent communication and interpersonal skills
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to details and accuracy in all work activities.
• Knowledge of payment processing system

• 25 days of holiday
• Bonus
• Pension: CPF
• Private medical and dental coverage
• Term Life
• Personal Death and Accident Insurance
• Wellness contribution program with access to ClassPass
• Plumm Platform
• Five volunteering days
• Give as You Earn initiative