Settlement Processing Analyst

Job Title: Settlement Processing Analyst / Operations Analyst

Location: Pune

Key Responsibilities:

· Process and monitor daily settlements across all partner banks and payment channels.

· Ensure timely transaction confirmation, matching, and settlement.

· Investigate and resolve settlement discrepancies in coordination with banks, acquirers, and internal stakeholders.

· Coordinate with business, compliance, and custodial teams to ensure smooth and accurate settlements.

· Perform daily reconciliations between internal systems and acquiring partners.

· Monitor failed transactions and take corrective measures to minimize financial exposure and operational risk.

· Maintain accurate records of settlement and transaction activities for audit and compliance purposes.

· Support continuous process improvement, automation, and operational efficiency initiatives.

· Ensure strict adherence to internal controls, operational risk guidelines, and regulatory requirements (e.g., T+0 / T+1 settlement cycles, bank file settlements).

Qualifications & Skills:

· Bachelor’s degree in Commerce, Finance, Business, or a related field.

· Minimum 1 year of experience in settlement operations or transaction processing.

· Familiarity with banking operations, payment systems, and financial instruments.

· Working knowledge of settlement and reconciliation systems.

· Strong analytical and problem-solving skills with attention to detail.

· Proficiency in MS Excel (pivot tables, VLOOKUP, etc.).

· Good communication and interpersonal skills.

· Ability to work under pressure in a fast-paced, deadline-driven environment.