Settlement Officer
Summary
Manages and authorizes payment transactions, ensures regulatory compliance, and monitors cash-in-bank balances for a licensed Philippine digital bank.
About Salmon Bank
Salmon Bank (Rural Bank) Inc., the banking arm of Salmon Group Ltd., is a technology-driven challenger bank in the Philippines operating under a BSP license. We combine the trust of a licensed institution with the speed and convenience of a modern financial product.
The Role
As a Settlement Officer, you will be at the core of Salmon Bank's Cash-in-Bank Management operations — ensuring every payment is accurate, timely, and fully compliant. You will work directly with the Cash-in-Bank Management Head and cross-functional stakeholders, owning end-to-end processes from payment review to regulatory reporting.
This is a role for someone who combines sharp attention to detail with a strong sense of ownership — someone who keeps operations running cleanly while proactively identifying ways to make them better.
What You'll Do
Core Responsibilities
Review and authorize payment transaction requests, ensuring all supporting documents are complete and accurate.
Ensure timely processing and settlement of payment requests from various stakeholders.
Monitor cash-in-bank balances and flag anomalies for immediate resolution.
Prepare and submit STR (Suspicious Transaction Reports) and CTR (Cash Transaction Reports) in compliance with AMLC requirements.
Ensure timely and accurate submission of all required regulatory and internal reports.
Controls & Compliance
Enforce maker-checker controls and proper segregation of duties across all team processes.
Ensure audit-readiness of the team at all times — organized files (hard and soft copy) with strict adherence to record retention policies.
Comply with BSP, SEC, AMLC, and all other applicable regulatory requirements.
Strictly uphold company policies and code of conduct.
Process Improvement & Collaboration
Identify opportunities to improve processes and systems while maintaining strong controls.
Initiate and lead projects that benefit the team and the organization.
Participate in UAT/UVT for new or enhanced systems that impact the team.
Collaborate with stakeholders and attend meetings to align on priorities and identify operational impacts.
Promptly escalate issues with proposed resolutions to your immediate supervisor.
Maintain up-to-date process documentation and act as reliever based on team relief arrangements.
What You Bring
University degree in Accountancy, Banking & Finance, or a related Business course.
3–5 years of relevant experience in a financial institution.
Solid working knowledge of BSP, SEC, AMLC, and other governing body regulations.
Proven ability to handle high transaction volumes accurately under tight deadlines.
Strong analytical and structured problem-solving skills.
Risk-aware mindset with the ability to identify and mitigate operational risks.
Excellent attention to detail and strong organizational skills.
Project management capability and the ability to multitask in a fast-paced environment.
Good interpersonal and communication skills; comfortable working with diverse teams.
Self-directed and able to work independently with minimal supervision.
Positive, solutions-oriented attitude.