Payments and Settlement Analyst

Trust Bank; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading digital bank in Singapore is seeking a Payments and Settlements Analyst to ensure timely processing of payments and lead industry testing initiatives. The ideal candidate should have at least 6 years of experience in payments operations, a Bachelor’s Degree, and a strong understanding of MAS guidelines. This role offers an exciting opportunity to work in a fast-paced environment, mentoring junior staff and recommending process improvements.

Qualifications

• 6 years of experience in payments operations at a financial institution.
• Experience leading projects or UAT Testing.
• Good understanding of MAS requirements and guidelines.

Responsibilities

• Ensure timely execution of payments processing.
• Handle audit and operational control queries.
• Lead industry testing and new product initiatives.

Skills

Payments operations

BCS Payment knowledge

MEPS+ Payment knowledge

Strong communication

Leadership

Problem solving

Education

Bachelor’s Degree or equivalent

Job description

Job Description

Trust is the first of a new breed of banks in Singapore – digitally native and focused on delivering a delightful customer experience. You will work in a fast-paced and collaborative environment to solve new and interesting challenges each day. Together with our Trust team, you will help shape the future of our bank and be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high-quality products for our customers.

As a Payments and Settlements Analyst you\'d be able to work on and solve many interesting challenges which we are facing, learn new ways of working, and help build delightful high quality products for our customers.

The role reports to the Payment and Settlements Lead.

Job Description

The successful candidate will assume the role of Payments and Settlements Analyst in the Payments operations team. He/she will perform daily BAU and lead Industry Testing and other initiatives which involve payment schemes like MEPS+, Swift, Giro (IBG), FAST and PayNow.

The Role Responsibility

• Ensure daily FAST, PayNow, Giro (IBG) and MEPS+ processing are executed timely and accurately in accordance with bank’s internal policy and local regulations.
• Handle queries related to FAST, PayNow, Giro (IBG) and MEPS+.
• Handle Audit Queries raised by Operation control, Internal Audit and External Audit.
• Recommend process improvements and system enhancements.
• Monitor nostro account movement related to FAST, Giro, MEPS+ and MAS current account.
• Provide leadership and mentorship to less experienced staff
• Lead BCS and MAS Industry Testing and new product initiatives.
• Provide G3 FAST, G3 IBG, CAS and Swift maintenance support outside working hours.

Role Specific Technical Competencies

• BCS Payment knowledge (FAST, PayNow and Giro)
• MEPS+ Payment knowledge (MEPS+ and Swift)
• BCP and Industry Testing
• MAS requirements, regulations, and guidelines
• ISO20022 adoption and CBPR+ guidelines

Our Ideal Candidate

• Bachelor’s Degree or equivalent
• 6 years of experience in an established financial Institution with extensive experience in payments operations.
• Strong working experience in BCS payment schemes like FAST, PayNow and Giro.
• In depth understanding of BCS payment schemes therefore able to provide solution for FAST and Giro related reconciliation.
• Experience in BCP and Industry Testing. Able to lead a project or UAT Testing.
• Sound knowledge of MAS requirements, regulations, and guidelines.
• Candidate with good MEPS+ and Swift knowledge will be of additional advantage.
• Knowledge of ISO20022 adoption, SCRIPS and CBPR+ guidelines will be of additional advantage.
• Ability to establish good relationship with internal and external stakeholders.
• Able to work independently. Possess positive working attitude, with resilience and good adaptability in a start-up environment.

Privacy notice If you apply for a job with Trust or submit any personal information in connection with a possible job opportunity, you agree to our privacy notice for job applicants.

Equal opportunity Trust is an equal opportunity employer. We prohibit discrimination and harassment of any kind. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Trust are based on business needs, job requirements and individual qualifications, without regard to age, gender, physical ability, race, religion or belief, family or parental status, sexuality, or any other status protected by laws or regulations. We will not tolerate discrimination or harassment based on any of these characteristics. We encourage applicants of all ages.