Banking Operations Contractor: 3-5 Years (Intermediate)
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Overview
Job Description
Only on W2No C2C
USC/ GC Only on W2Location: Whippany NJ office 4 days per weekOverall Purpose of RoleOperate within the Payment Control Gateway (PCG) to review, validate and control payments prior to release,ensuring accuracy and preventing erroneous payments through evidence-based verification and structureddecisioning.Main Duties and Responsibilities
Review and assess payments flagged by control rules prior to release
Validate payments against supporting evidence including trades, confirmations and SSI
Make release, hold or escalate decisions in line with defined procedures and limits of authority
Actively stop and escalate payments where risk or ambiguity is identified
Perform detailed root cause analysis on exceptions and near misses
Identify drivers of false positives and support ongoing refinement of control rules
Maintain accurate audit trail and documentation of all decisions
Produce MI on volumes, outcomes and key exception drivers
Collaborate with Operations, Technology and Front Office stakeholders to resolve complex scenarios, verifying ifthey can independently – but if theres any doubt/queries they should relentlessly interrogate the data and getdirect answers from the services as to the rationale/process for the paymentBasic Qualifications:
Experience in Global Markets Operations, payment processing or post-trade activities
Strong understanding of payment flows, settlement processes and trade lifecycle
Ability to analyse and validate financial transactions using multiple data sources
Experience handling exceptions and working within controlled operational frameworks
Strong attention to detail and ability to make risk-based decisions under time pressurePreferred Qualifications:
Experience in payment controls, transaction monitoring or risk/control environments
Knowledge of FX, Derivatives, Collateral or Financing products
Familiarity with SSI validation, confirmations and settlement data
Experience working with rule-based or AI/ML driven control environments
Strong stakeholder management and communication skills
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