Trade Settlement Specialist

2 days ago

Mumbai, Maharashtra, India TradePe Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Role Overview

We are seeking a Trade Settlement Specialist (Cross-Border Transactions) to lead and strengthen our transaction banking operations. This role is responsible for the end-to-end processing, reconciliation, and settlement of payments across domestic and international rails.

The role requires expertise in SWIFT, FX, Nostro/Vostro management, and regulatory compliance, ensuring accuracy, timeliness, and full audit readiness. This includes overseeing settlement cut-offs, resolving breaks and exceptions, enforcing SOPs, and upholding the highest standards of operational control and compliance hygiene.

Key Responsibilities

  • Process and monitor outward/inward payments (SWIFT, FX, Cards, PSP, NEFT, RTGS, IMPS); validate instructions, authorize payment messages, and ensure cut-off discipline.
  • Manage settlements for advance, final, freight, and services-related payments in line with trade and customer requirements.
  • Perform daily reconciliations (Nostro/Vostro vs internal ledgers), resolve exceptions within TAT, and maintain strong makerchecker controls, dual authorization, and audit-ready records.
  • Ensure compliance with RBI/FEMA, OFAC, and AML guidelines; monitor sanctions lists; escalate SLA breaches and support root-cause analysis.
  • Investigate settlement fails, returns and rejects; coordinate with banks, PSPs, and internal teams for closure; manage critical escalations and ensure SLA adherence.
  • Prepare EOD, reconciliation, and exception MIS reports and dashboards to ensure transparency and oversight.
  • Participate in UAT testing for system upgrades; recommend and implement process improvements for operational efficiency and stronger control hygiene.
  • Train and mentor new hires on settlement processes, reconciliation practices and operational control standards.

What Were Looking For

  • 5+ years of experience in cross border transaction banking, payments operations, or fund settlements (bank, NBFC, or fintech) with exposure to import/export payments, FX booking, and trade document verification.
  • Strong knowledge of SWIFT (MT103/199/192/202/910/999), Fedwire, CHIPS, and domestic rails (NEFT/RTGS/IMPS).
  • Proven expertise in reconciliation, exception handling, and global settlement processes.
  • Hands-on experience with payment investigation, settlement fails, and re-effected payments.
  • Stong MS Excel, reporting and documentation skills and familiarity with ticketing/case management tools.
  • High attention to detail, discipline with cut-offs, and strong communication skills.

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