Company: Confidential – Fintech/Payments/Digital Banking
Location: Dubai – United Arab Emirates
Employment Type: Full-time
Description:
The Settlement Specialist will be responsible for managing and overseeing the daily settlement processes within the operations department. This role demands a strong understanding of digital payments, e-money, and banking systems, coupled with in-depth compliance knowledge of KYC, AML, and PCI-DSS standards. The ideal candidate should possess excellent analytical skills, attention to detail, and the ability to thrive in a fast-paced fintech environment
Key responsibilities:
• Oversee and manage the daily settlement processes for digital payments and e-money transactions, ensuring accuracy and timeliness.
• Identify, investigate, and resolve discrepancies in settlement activities.
• Collaborate with internal teams to ensure compliance with KYC, AML, and PCI-DSS requirements as part of the settlement processes.
• Monitor transaction flows, detect potential risks, and implement measures to mitigate issues in settlement processes.
• Utilize Power BI to generate detailed reports and… visualizations on settlement activities, providing actionable insights to maintain transparency and traceability.
• Coordinate with banking partners, payment processors, and other stakeholders to resolve settlement-related challenges.
• Identify, recommend and implement solutions to streamline existing operational processes and achieve results of enhanced productivity and increased efficiencies
• Stay updated on industry trends and regulatory changes affecting digital payments, e-money, and banking operations.
• Assist with generation of invoicing statements and cash forecasting, communicating progress with Operations Manager and accounting team.
• Good comprehension of control environment requirements, experience with various audits.
Qualifications:
• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 3 years of proven experience in a Settlement role, preferably in a fintech, banking, digital payments, or e-money environment.
• Strong knowledge of KYC, AML, and PCI-DSS compliance requirements.
• Expertise in digital payments, e-money, and banking operations.
• Excellent analytical skills with a high level of attention to detail.
• Proficiency in settlement software or tools.
• Strong communication and problem-solving skills.
• Ability to work independently and within a team in a fast-paced environment.
• Familiarity with payment gateways, e-wallets, and other digital payment solutions.
• Certification in AML or related compliance fields is a plus
Source: LinkedIn
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