Payment Filtering Coordinator📣 Job Ad

About the Role

FNRCO is seeking a Payments Clearing Coordinator to join its team in Riyadh, Saudi Arabia. This role plays a pivotal part in ensuring all financial transactions are processed smoothly and compliantly. The Payments Clearing Coordinator will be responsible for accurately reviewing and processing incoming and outgoing payments through specialized screening systems, identifying any potentially suspicious activities, and escalating compliance concerns to the relevant departments. The primary objective is to ensure all payments are processed efficiently and in strict adherence to regulatory requirements and operational standards.

Key Tasks and Responsibilities

• Review and approve incoming and outgoing payments after conducting a thorough screening within the FIRCO Continuity system.
• Investigate and analyze any payment screening hits (HITs) to determine their legitimacy and potential risks.
• Immediately report any identified suspicious transactions to the Compliance department for review and necessary action.
• Actively monitor all transactions awaiting approval from the Compliance department.
• Maintain accurate and comprehensive records of matched and unmatched payments (HIT and Non-HIT) for audit and reference purposes.
• Prepare and maintain the Good Guy List (GGL) to facilitate efficient processing of known and trusted entities.
• Update and manage CBID codes to ensure accurate transaction classification and reporting.
• Process incoming and outgoing payments efficiently to meet all specified cut-off times.
• Handle payment cancellation requests, ensuring all relevant departments are duly notified.
• Log all rejected and cancelled paid transactions for tracking and reconciliation purposes.
• Provide support and respond to inquiries from the Payment Investigation Team (PIT).
• Follow up on pending payment cases with various branches to ensure timely resolution.
• Prepare daily and monthly operational reports to track performance and identify trends.
• Monitor and track payment volumes and screening statistics to assess operational efficiency.
• Generate essential reports from both FIRCO Continuity and Alliance systems.
• Report any system issues encountered to the Support Team (STS) for prompt resolution.
• Respond to business and operational inquiries from internal stakeholders.
• Provide support to branches, remittances teams, investigation teams, and payment operations staff.
• Assist in resolving customer and internal team complaints related to payments.

Qualifications and Requirements

• Bachelor's degree in Finance, Accounting, Banking, Business Administration, Economics, or a related field.
• 1 to 3 years of banking experience in one or more of the following areas: Payments Operations, SWIFT Operations, Anti-Money Laundering (AML), Sanctions Screening, Compliance Operations, Remittance Operations, or Transaction Monitoring.
• The applicant must be a Saudi national.

Required Skills

• Payment Screening
• Compliance Management
• SWIFT Operations
• Anti-Money Laundering (AML)
• Sanctions Screening
• Compliance Operations
• Remittance Operations
• Transaction Monitoring
• Payments Operations

Additional Information

Interested candidates are encouraged to submit their CVs via the following link to explore more upcoming job opportunities: https://*********.