Role: Payment Control Analyst
Location: Whippany, NJ (Hybrid 4 days in office)
Duration: 4 Months
Overall Purpose of Role
Operate 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 structured decisioning.
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 if they can independently – but if theres any doubt/queries they should relentlessly interrogate the data and get direct answers from the services as to the rationale/process for the payment
Basic 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 pressure
Preferred 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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