Ryft Pay Ltd - Head of Financial Operations
Requirements
• 4+ years in financial operations, payment operations, treasury or reconciliations at a payments company, EMI, acquirer or fintech. • Hands-on experience of daily reconciliations at volume with the highest level of attention to detail. You know how to investigate and resolve the root cause of a break, not just clear it. • Working knowledge of UK safeguarding rules (PSRs 2017, EMRs 2011, CASS 15) and what an auditor expects to see. • You understand how card payments settle: schemes, acquirers, interchange and settlement cycles. • You'd rather build a process once than do it manually forever. • Comfortable taking full ownership of the end-to-end process, and liaising directly with Finance, Compliance, Engineering and our banking partners. • Experience in a marketplace or platform payments business (split payments, escrow, payouts). • Multi-currency and FX settlement experience. • You've been through a safeguarding audit or a CASS 15 implementation. • Experience with reconciliation or safeguarding tools, or scripting (Python) to automate recs. • Exposure to setting up operations for a new entity or EU licence.
Responsibilities
• Reconciliations: run daily reconciliations across scheme and acquirer settlement reports, bank statements and our internal ledger. Investigate and resolve breaks quickly and accurately. • Reconciliations: • Safeguarding: own the daily internal and external safeguarding reconciliations under CASS 15, prepare the monthly safeguarding return, keep the resolution pack current and support the annual safeguarding audit. • Safeguarding: • Settlement and payouts: make sure merchants are paid the right amount on time, across currencies, and that split payments and escrow balances tie out. • Settlement and payouts: • Fees and cost of payments: reconcile interchange, scheme and acquirer fees against what we've billed, and flag where margin is leaking. • Fees and cost of payments: • Disputes and chargebacks: track the financial side of chargebacks, refunds and reserves. • Disputes and chargebacks: • Month-end: feed accurate payment data into the close and work with Finance on revenue and balance sheet reconciliations. • Month-end: • Automation: work with Engineering and Product to replace spreadsheets with automated recs, alerts and dashboards. • Automation: • Controls and documentation: write and maintain the SOPs, controls and evidence that auditors and the FCA will ask for., • Controls and documentation: • Expansion: help design the finance operations for new payment flows, entities and licences, starting with our EU licence application in Malta. • Expansion:
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