Settlement Officer

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.