Settlement Officer- 1 Link

Position: Settlement Officer- 1 Link

Job Purpose: To ensure accurate, timely, and compliant settlement of 1Link interbank ATM transactions, manage settlement entries, and coordinate with internal teams and 1Link in accordance with SBP regulations and bank policies.

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• 1–3 years of experience in bank settlements, payments operations, or ATM/card operations.
• Practical knowledge of 1Link settlement processes is preferred.
• Familiarity with interbank payment systems and settlement cycles.

Key Responsibilities

• Process d aily 1Link settlement files for ATM transactions (Issuer / Acquirer).
• Ensure timely settlement of On-us and Off-us transactions through designated settlement accounts.
• Post and verify settlement entries in GL and core banking systems.
• Monitor settlement accounts and identify short/excess settlements.
• Coordinate with 1Link and member banks for settlement discrepancies.
• Maintain proper settlement records, confirmations, and supporting documents.
• Prepare daily and monthly settlement reports for management.
• Ensure settlements are completed within cut-off timelines.
• Support reconciliation teams by providing settlement data and confirmations.
• Ensure compliance with SBP, internal controls, and audit requirements.
• Assist in internal and external audits related to settlements.
• Escalate settlement delays or irregularities to the Team Lead promptly.