More than 100,000 people have found their dream job through Fuzu.

Associate - Card Settlements

Closing: Sep 23, 2023

2 days remaining

Published: Sep 14, 2023 (7 days ago)

Job Requirements


Work experience:

Language skills:

Job Summary

Contract Type:

Sign up to view job details.

Person Specifications

  • A Bachelors Degree in a Business related field.
  • At least 1 year of relevant experience.


Person Specifications

  • A Bachelors Degree in a Business related field.
  • At least 1 year of relevant experience.

  • Conduct daily processing of both VISA and MasterCard Domestic International issuing and acquired transactions across all the bank card products and acquiring channels to respective domestic VISA and MasterCard Settlement Agents and International NOSTRO.
  • Ensure all settlement fees and associated charges are properly accounted and posted to General Ledger as part of daily settlement process.
  • Custodian to all daily scheme settlements reports, workings, and payment records.
  • Act as a Bank Liaison Agent with other Banks and Schemes on matters relating to card issuing and acquiring settlements.
  • Ensure all outgoing files are exchanged between the bank and all card associations within set SLA to allow for smooth merchant settlement processing and nil losses from late presentment.
  • Process co-branding shared income to card business cobranding partners as per the agreed service level agreements.
  • Prompt review of all scheme settlements reconciliation exceptions as highlighted by Card Reconciliation teams and follow up with respective state holders for resolution.
  • Ensure the vendor payments are processed on time.
  • Ensure compliance to card scheme regulations on transaction data processing and sharing requirements to mitigate any adverse compliance assessments/penalties.
  • Identify initiatives to automate and optimize the card management systems to support required business processing changes.
  • Prepare Quarterly MasterCard Reporting (QMR), VISA Operating Certificates (GOC) and Monthly CBK reporting, and any other scheme report as required.
  • Any other duty as shall be requested by senior bank management.

Applications submitted via Fuzu have 32% higher chance of getting shortlisted.

Don’t miss your chance to work at I&M Bank . Enter your email to start your application now