Job Summary Payment Analyst – US Client – Check Item / Exception Processing

Skills and Qualification –
- Candidate should have minimum 1 to 5 Years of work experience in Payment Processing – Check Item/Exception processing preferably within a US Bank, investment adviser, or asset management firm.
- Good understanding regulation related to Checks
- Solid knowledge of Check clearing procedures.
- Expertise payment platforms – SCO Web or equivalent banking portals.
- Proficiency in bank account validation, exception handling, reconciliation, and settlement processes.
- Strong analytical and problem-solving skills for resolving payment failures, variances, and investigations.
- Understanding fraud control mechanisms, OFAC/AML compliance, and risk-mitigation procedures.
- Excellent attention to detail, accuracy, and adherence to internal controls and dual authorization workflows.
- Strong communication skills for interacting with banks, vendors, auditors, and internal stakeholders.
- Ability to operate in high-volume, deadline-driven environments while maintaining accuracy.





Key Deliverables:
- Execute end-to-end payment processing for Checks, ensuring accuracy, compliance, and timely settlement across domestic and international transactions.
- Prepare, validate, and transmit Check disbursement batches bank portals with required approval controls.
- Manage beneficiary/payee verification, bank detail validation (routing/IBAN/BIC), and adherence to dual control workflows.
- Monitor and process returns, rejects, and exceptions, check exceptions (stop payments, stale/altered checks).
- Conduct daily reconciliations of check registers against bank statements, resolving breaks with thorough root-cause analysis.
- Maintain cut off time adherence, ensuring timely release of check processing aligned with banking schedules and value dates.
- Generate and maintain daily/weekly/monthly reports including settlement summaries, exception logs, outstanding checks, and operational dash

📌 Check Processing (Bengaluru)
🏢 Mphasis
📍 Bengaluru