About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

The Payment & Settlement Officer is responsible for to ensure accurate and timely processing, reconciliation, and reporting of card-related transactions, settlements, and regulatory payments, while supporting internal and external stakeholders with data and documentation requests.

Key Responsibilities

Transaction Processing & Reconciliation

• Process merchant and customer payments and transactions.
• Perform reconciliation and maintain general ledger entries for all card-related transactions.

Card Scheme Settlement

• Manage settlement processes, billings and invoices from card schemes.
• Reconcile card scheme transactions, billings, invoices and update relevant general ledgers.

Regulatory Payments & Reporting

• Execute payments to regulatory bodies and ensure accurate reconciliation and ledger updates.
• Prepare and submit regulatory reports in compliance with relevant guidelines.

Card Scheme Reporting

• Compile and prepare quarterly reports for Visa and Mastercard using data from various internal sources and departments.
• Ensure timely and accurate submission of card scheme reports.

Statement Fulfilment

• Retrieve and fulfill merchant statement requests as per service level agreements.

Ad-hoc Assignments

• Support any additional tasks or projects as required.

Job Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Experience in card operations, reconciliation, or financial reporting is an advantage.
• Proficient in Microsoft Excel, including advanced use of formulas, functions and Power Query.
• Strong analytical and problem-solving skills.
• Good communication and coordination skills.
• Ability to work independently, manage multiple tasks and meet tight deadlines.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a Difference