Analyst, Settlement Operations

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Analyst, Settlement Operations

Overview

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential.

Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

The Treasury function at Mastercard is responsible for safeguarding and optimizing the company’s financial resources globally. Within Treasury, the Global Settlement Services team manages the movement of funds related to Mastercard transactions, maintains relationships with commercial and central settlement bank partners, engages with regulatory bodies and ensures operational excellence across all settlement activities. The team facilitates settlement of ~$25 billion daily activity in 80+ currencies via round the clock support in India, Poland and USA.

This Analyst – Settlement Operations role in Global Settlement Services focuses on performing daily settlement operations for a segment of Asia Pacific (AP) and other markets manageable during the Asia Pacific time-zone. The incumbent will provide necessary day-to-day operational support with treasury, settlement and reconciliation activities, including the timely and accurate processing of receivables and payables, as well as the accurate recording and reconciliation of transactions in financial systems.

Responsibilities:

· Perform day-to-day settlement operations, ensuring timely and accurate execution of daily payments. Execute daily/weekly/monthly treasury, settlement and reconciliation activities that are allocated by Manager.

· Perform the weekend settlement process basis rostering schedule. This role is part of global Settlement Operations team that requires individuals to work on weekends basis rotational shifts that are rostered by Manager / Director – Settlement Operations.

· Own timely remediation of operational issues in accordance with established SLA’s or business guidelines and escalating as appropriate. Collaborate with Settlement teams (including Payments Assurance and Global Settlements and Reconciliation Support teams) and settlement bank partners to troubleshoot and resolve settlement issues in a timely manner.

· Participate in the training of treasury, settlement and reconciliation activities to meet cross training and business continuity requirements.

· Assist with the successful onboarding of new customers and processes into the team where required.

· Identify and implement process improvements to increase operational efficiencies where required.

This role is part of a team that starts working at early-morning India time driven by business requirements of settlements for far-east Asia markets, including Australia and NZ. This role would require incumbent who is flexible and prompt to start working at India early-morning hours/ Far East Asia hours/shift aligned to support the team and market operations in Asia Pacific markets, including Australia, NZ and Japan, as per business requirements and priorities.

All About You:

· Educational qualification: Bachelor’s degree in Finance, Business, Accounting or Management Information Systems; Professional qualifications like CTP, CFP preferred.

· Medium to high degree of expertise in Treasury settlements / payment operations / reconciliations and banking gained through experiences in multinational corporates’ Regional/Global Treasury centres, financial institutions or banks.

· Experience working in a time-sensitive environment. Must enjoy daily critical operations in payments domain with non-negotiable banking cut-offs.

· Exposure to finance industry tools and electronic banking systems is advantageous.

· Strong team player who collaborates, and effective verbal and written communication skills, including proficiency in English.

· Strong analytical skills.

· Position requires individual with flexibility and professional maturity to support the business needs of a global organization with critical 24/7 operations.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercard’s security policies and practices;

• Ensure the confidentiality and integrity of the information being accessed;

• Report any suspected information security violation or breach, and

• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.