Salmon Group

Payment Partner Settlements Officer

Philippines. Posted 11 days ago

The role

You will process and monitor payments, settlements, reconciliations, cash movements and transaction exceptions. You will work with finance, operations, payment partners, technology, risk and compliance to keep payment flows controlled and reliable.

What you will do

  • Compare reports related to payment partner settlement and validate data and entries.
  • Monitor discrepancies and resolve unreconciled customer payments.
  • Ensure all entries have appropriate approvals under the Delegated Authority.
  • Follow up with internal and external stakeholders to close open items.
  • Ensure Payment Partners remit customer payments within the agreed turnaround time.
  • Secure required documents and complete due diligence before starting business with a Payment Partner.
  • Support Payment Partner vendor evaluation, and commission and services payments.
  • Coordinate with Payment Partners on gaps and hold regular meetings.
  • Coordinate CTR/STR matters with Compliance.
  • Handle and resolve complaints related to payment partner settlements.

Required qualifications

  • Bachelor’s degree in Business Administration, Finance, Accountancy or a related field
  • 2-3 years of experience in banking operations, settlements, reconciliation, payments or a related control function
  • Working knowledge of payment settlement and reconciliation processes, or the ability to be trained in them
  • Strong attention to detail and a control mindset, including awareness of approval and delegated authority requirements
  • Strong documentation and written communication skills
  • Strong coordination and follow-through skills
  • Awareness of AML, BSP and other regulatory requirements

Nice to have

  • experience in a BSP-supervised institution, especially digital banking

Before you apply

  • Ability to meet the Bank’s fit and proper standards, including pre-employment screening

About the company

Salmon Bank (Rural Bank) Inc. is the banking arm of Salmon Group Ltd., a technology-driven challenger bank in the Philippines operating under a BSP license.