A professional banking operations team in Estonia is seeking a Banking Operations Officer with strong knowledge of payments and foreign exchange processes. The position focuses on the operational execution and control of financial transactions, supporting payment settlement, FX processing, reconciliations, transaction investigations, and day-to-day banking workflows.

The successful candidate will contribute to a reliable and well-controlled operating environment where accuracy, timely settlement, and effective coordination are critical.

Responsibilities

• Process and administer payment transactions in accordance with established banking procedures.
• Support the operational lifecycle of foreign exchange transactions from trade confirmation through settlement.
• Monitor incoming and outgoing payment flows and investigate transaction exceptions.
• Review payment details, beneficiary information, settlement instructions, and supporting documentation.
• Manage payment returns, recalls, amendments, failed transactions, and settlement discrepancies.
• Perform daily reconciliation of banking and FX-related accounts and transaction records.
• Liaise with correspondent banks, payment providers, internal teams, and counterparties to resolve operational issues.
• Support SEPA, SWIFT, and other international payment processes.
• Monitor transaction deadlines and ensure time-sensitive payments and settlements are completed appropriately.
• Maintain accurate records for operational, compliance, and audit purposes.
• Escalate unusual or potentially high-risk transactions according to established procedures.
• Assist with operational risk controls and continuous improvement initiatives.
• Help identify opportunities to automate repetitive processes and improve transaction efficiency.
• Contribute to the preparation of operational metrics and management reporting.

Requirements

• Professional experience in banking operations, payment services, FX operations, treasury, or a related financial-services environment.
• Practical understanding of payment processing and settlement.
• Familiarity with foreign exchange transactions and associated operational procedures.
• Knowledge of SEPA, SWIFT, correspondent banking, or international payments.
• Strong analytical and reconciliation skills.
• High level of accuracy when handling financial transactions and sensitive information.
• Ability to investigate issues independently and communicate findings clearly.
• Good working knowledge of Microsoft Excel and financial operations systems.
• Understanding of AML, sanctions, KYC, and transaction-control principles.
• Fluency in English; additional European languages are an advantage.

What the Role Offers

This role provides meaningful exposure to core banking operations, payment infrastructure, foreign exchange settlement, and financial controls within the Estonian and wider European financial-services environment. It is particularly suitable for professionals seeking to develop a broader operational understanding of modern banking and cross-border financial transactions.

Ideal Candidate

The strongest candidate will be dependable, analytical, and highly organized, with the discipline required to manage financial transactions accurately under deadlines. You should be comfortable working with operational systems, investigating exceptions, communicating with multiple stakeholders, and maintaining strong control standards throughout the transaction lifecycle.

Are you interested in this position?

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