Settlement Specialist

Pay10 Morocco

As part of its global expansion, Pay10 has established a new regional office in Morocco, which is preparing to launch its payment activities in full compliance with Bank Al-Maghrib's regulations. Pay10 Morocco will introduce innovative and seamless payment solutions for consumers, agents, and merchants, combining the group's international expertise with Morocco's dynamic and expanding financial ecosystem.

Role Overview

Settlement Specialist
will be responsible for managing and overseeing the daily settlement processes within Pay10 Morocco's Operations department. This role demands a strong understanding of digital payments, mobile wallets, and payment systems, coupled with in-depth compliance knowledge of KYC, AML, and PCI-DSS standards. The ideal candidate should possess excellent analytical skills, attention to detail, and the ability to thrive in a fast-paced fintech environment.

Key responsibilities:

• Oversee and manage the daily settlement processes for digital payments and mobile wallet transactions, ensuring accuracy and timeliness.
• Identify, investigate, and resolve discrepancies in settlement activities.
• Collaborate with Pay10 Morocco's internal teams to ensure compliance with KYC, AML, and PCI-DSS requirements as part of the settlement processes.
• Monitor transaction flows, detect potential risks, and implement measures to mitigate issues in settlement processes.
• Utilize Pay10's proprietary platform to generate detailed reports and visualizations on settlement activities, providing actionable insights to maintain transparency and traceability.
• Coordinate with banking partners, payment institutions and other stakeholders to resolve settlement-related challenges.
• Continuously improve settlement procedures to enhance efficiency and reduce errors.
• Stay updated on industry trends and regulatory changes affecting digital payments, mobile wallets, and settlement operations.

Qualifications:

• Bachelor's degree in Finance, Business Administration, or a related field.
• Minimum of 3 years of proven experience in a Settlement role, preferably in a fintech, banking, digital payments or payment institution environment.
• Strong knowledge of KYC, AML, and PCI-DSS compliance requirements.
• Expertise in digital payments, mobile wallets, and banking operations.
• Excellent analytical skills with a high level of attention to detail.
• Proficiency in settlement software or tools.
• Strong communication and problem-solving skills.
• Ability to work independently and within a team in a fast-paced environment.
• Familiarity with payment gateways, mobile wallets, and other digital payment solutions.
• Certification in AML or related compliance fields is a plus.