Settlement Manager

3 weeks ago


Singapore DCS CARD CENTRE PTE. LTD. Full time
Roles & Responsibilities

Job Description:

  • Oversee the daily settlement and reconciliation of credit card transactions and merchant settlement, ensuring timely and accurate processing.
  • Manage relationships with payment networks (Visa, Mastercard, etc.), acquirers, issuers, and partner banks to ensure smooth transaction flow.
  • Ensure compliance with regulatory requirements, payment network mandates, and internal risk policies related to settlement operations.
  • Lead and develop the settlement operations team, providing training, guidance, and performance management.
  • Implement and enhance automated reconciliation and settlement systems to improve operational efficiency and reduce manual errors.
  • Identify and mitigate risks associated with transaction settlement, chargebacks, and fraud.
  • Collaborate with IT, Finance, Risk, and Compliance teams to streamline settlement processes and implement system enhancements.
  • Analyze settlement data and provide insights to senior management for decision-making and optimization.
  • Manage chargeback processing and disputes in coordination with internal and external stakeholders.
  • Ensure the timely resolution of any settlement discrepancies and escalate issues as needed.

Qualifications and Skills:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree or professional certification (e.g., CFA, CPA) is a plus.
  • 10+ years of experience in banking operations, with at least 5 years in a leadership role in settlement, reconciliation, or transaction processing.
  • Strong understanding of credit card payment systems, acquiring and issuing processes, and settlement mechanisms.
  • Experience working with card schemes (Visa, Mastercard, Amex, etc.) and regulatory compliance frameworks.
  • Proficiency in reconciliation and settlement software, as well as financial systems such as SWIFT, ACH, and RTGS.
  • Excellent leadership, communication, and stakeholder management skills.
  • Ability to work under pressure and manage multiple priorities in a fast-paced environment.
  • Experience with fintech solutions or payment technology providers.
  • Knowledge of data analytics and reporting tools for transaction analysis.
  • Understanding of blockchain or emerging payment technologies.
Tell employers what skills you have

Transactions settlement
Management Skills
DCS
Transaction Processing
Settlement
Regulatory Compliance
settlement systems
Risk Management
Administration
Bank Reconciliation
Accounting
Dispute Resolution
Fraud
Regulatory Requirements
Stakeholder Management
Data Analytics
Performance Management
Financial Services
ACH
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