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.
Positive 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.
Solid 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