Settlement Operations Testing Associate

Company: Sumitomo Mitsui Banking Corporation (SMBC)
Location: Jersey City
Posted on: August 26, 2024

Job Description:

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.The anticipated salary range for this role is between $73,000.00and $115,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.Role DescriptionComplete daily payments processing activities, processing inbound and outbound payments for all product areas supported. Ensure payment transactions are fully captured and all payment-related information is processed adhering to established service level agreement and industry guidelines and applicable regulatory and policy standards.Role Objectives: DeliveryComplete daily payments processing activities, processing inbound and outbound payments for all product areas supported; debit card processing and reporting, physical cash / valuables, check clearing, real time payment (RTP) and / or batch processing, settlements and chargebacks. Ensure payment transactions are fully captured and all payment-related information is processed adhering to established service level agreement (SLA) and industry guidelines. Prepare payment-related MIS and regulatory reporting. Support daily reconciliation between source systems and bank statements to ensure that all payments are matched. Adhere to incident management / fraud prevention policy and protocols for escalating suspicious or exceptional transactions to appropriate parties. Ensure compliance with applicable regulatory and policy standards, and that all assigned work is completed to meet individual and departmental goals.Role Objectives: InterpersonalInteract with customers and service providers in order to respond to requests and inquiries. Receive and complete customer instructions and confirmations according to established policy and service standards. Liaise with internal and external partners and stakeholders on matters relating to payment processing; partner with customer service teams to optimize customer experience and collaborate with reconciliations and governance operations teams as necessary for risk and fraud control items.Role Objectives: ExpertiseDemonstrate operational knowledge of payments and remittance processing, including knowledge of various industry payment platforms, systems and practices. Demonstrate good knowledge and understanding of Anti-Money Laundering (AML) and regulatory requirements impacting domestic and international payments (e.g., BACS, ACH, SWIFT) and remittance transaction processing.Qualifications and SkillsRecommended years of experience: 3Additional RequirementsSMBC's employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

Keywords: Sumitomo Mitsui Banking Corporation (SMBC), Jersey City , Settlement Operations Testing Associate, Other , Jersey City, New Jersey