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Payments Processing Officer

Company: PeerSource
Location: New York
Posted on: January 16, 2022

Job Description:

PeerSource is currently recruiting for multiple Payments Processing Officers on a Direct Hire basis for our client in New York, NY.
The role is primarily focused on the generation and authorization of Foreign Exchange trades and related payments, predominantly in Latin American jurisdictions ensuring that all local regulations and sanctions are respected. Candidates ideally would understand and speak Spanish to support Latin American clients, however not a requirement.

  • Manage the daily cashflow for US dollars, Euro and Sterling pounds. Manage all Argentina payments from instructions, process, and reversal.
  • Generate all daily reports to ensure figures are calculated accurately to post on our internal treasury dashboard.
  • Liaise with corresponding banks and internal sales to ensure needs are met.
  • Daily settlement of FX currency payments in the Latin American (LATAM) and Caribbean region.
  • Determine if currency requirements are met for LATAM and Caribbean currency payments, then authorize / release payments over secure payment networks.
  • Oversee the USD settlement to LATAM and Caribbean banks, who require dollar funding, from our company to purchase local currency for settlement on a same day or spot basis.
  • Examine transactional details and settlement instructions for corporate and banking clients. Trade financials (correctness of the currency pair, exchange rate, value date, against the source documents- Bloomberg, 360T, Reuters, Swift). Trade payment instructions (correctness of the beneficiary payment details, including beneficiary name, address, and account number; beneficiary bank; ordering customer and ordering institution details; details of payment and sender to receiver information for currency specific requirements.
  • Manage the daily cashflow for LATAM and Caribbean currencies, ensuring trade positions are aligned with local bank account nostros. Management of the global cash positions for EMEA based accounts (EG Euro, Sterling etc).
  • Ensure that all FX Confirmations are double checked and sent to the client on time.
  • Establish and maintain lines of communication with the business and with the correspondent banking network.
  • Initiate and conclude investigations during daily activity.
  • Assist with UAT linked to system enhancements.
    Required Skills
    • Previous experience within banking, Foreign Exchange, or international payments.
    • Knowledge of global payment sanctions and regulatory requirements particularly in LATAM emerging markets.
    • Strong analytical skills as the role demands a consistent drive towards enhancing workflows and controls.
    • Strong technical skills and competency in utilizing multiple payment platforms, including Two Four (trade capture and authorization process), SWIFT ALLIANCE (MT202, MT103, MT210, MT101, MT199 messages for payment release), FXecute (checking corporate customer trade financials and payment instructions).
    • Strong Microsoft Office skills (Excel, Word, PowerPoint, Visio) especially in Excel where ability to create macros and v-lookups is essential.
    • Operational risk awareness - ability to mitigate risk.
    • Strong communication skills and fluency in English. Any Spanish speaking skills are highly preferred.
    • Excellent attention to detail. Ability to prioritize, organize and multitask.
    • Ability to work accurately in a pressurized environment within stringent deadlines.
    • Degree in Finance preferred.
    • Some project experience is preferred to enable approved enhancements to be followed from inception to implementation.
      No third parties. H1 sponsorship is not available.PeerSource is a Denver/Orlando based technology recruiting solutions firm that truly values strong relationships with the talented professionals we are fortunate to serve. We pride ourselves to make it about YOU, and we will seek to understand exactly what your consideration factors are regarding the kinds of opportunities you are targeting. We can't wait to show you our difference and put a smile on your face through exceeding your expectations well beyond the norm. We offer contract, contract-to-hire and direct hire opportunities throughout the US and support W2 as well independent consultants working on a Corp-to-Corp basis. W2 employee benefits with PeerSource include options for health & dental insurance as well as a matching retirement plan. Contact us for more details!

Keywords: PeerSource, New York , Payments Processing Officer, Accounting, Auditing , New York, New York

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