Target2 Process Owner

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🌐 Netherlands, Spain, +1 more countries – Remote

🇳🇱 Netherlands – Remote 🇪🇸 Spain – Remote 🇵🇱 Poland – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Finom

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2019

💳 Fintech

💸 Finance

🤝 B2B

Fintech • Finance • B2B

Finom is a fintech company offering comprehensive financial services for SMEs, freelancers, and companies. The platform provides tools for invoicing, expense management, and easy online account opening with added benefits like cashback and international IBAN accounts. Finom ensures data security through partnerships with banks like SolarisBank and Treezor, making it a fast and reliable service for business financial management.

📋 Description

• Own the operational setup for TARGET2 direct participation end to end • Design and document the operating model before go-live • Validate processes during August end-to-end UAT • Cut over BIC by BIC and maintain operations as business-as-usual • Own incoming and outgoing SCT Inst recalls, including alert/customer-consent flows and full or partial refunds • Automate and support SCT/SCT Inst inquiries, investigations, and pacs.028 payment-status requests • Own and automate SWIFT enquiry handling, including MT199, MT999, RFIs, and ISO 20022 pacs, camt, and pain flows • Monitor inbound RTGS payments, handle exceptions and unmatched or pending items, manage returns, and establish Escrow infrastructure • Maintain rejects, returns, refunds, back-office visibility, codes, and abnormal-exception alerts • Operate the T2 GUI/dashboard through U2A and A2A for payment tracking, returns, liquidity visibility, and fallback/manual actions • Maintain CRDM reference data, TARGET access, four-eyes authorization, production segregation of duties, and manual-versus-automated operations • Manage migration from indirect to direct participation and define retirement criteria for BNPP-dependent steps • Own Payment Operations interfaces into reconciliation across MCA, RTGS DCA, and TIPS DCA • Redesign incident management and escalation routes for direct participation • Own DNB notifications, reporting, and evidence retention • Define Payment Operations responsibilities for ECONS II contingency, including training and test evidence • Coordinate with the T2 scheme/Eurosystem, DNB, SWIFT/NSP, FIS, correspondent banks, and BNP Paribas • Partner with Product and Engineering to test interfaces, identify back-office development needs, and define automated versus manual behavior • Collaborate with reconciliation teams on liquidity management and operational processes • Establish documented ownership, procedures, controls, escalation paths, fallback processes, and UAT evidence • Deliver migration with no customer-experience impact and stable post-go-live operations without residual BNPP operational dependency

🎯 Requirements

• Minimum 3+ years of experience in payment operations at a bank, EMI, or PSP • Hands-on exposure to SEPA schemes, including SCT and SCT Inst • Hands-on exposure to TARGET Services, including T2/RTGS and TIPS direct connectivity • Practical knowledge of payment investigations, recalls, returns/refunds workflows • Working knowledge of SWIFT and ISO 20022 messaging, including MT199, MT999, pacs, camt, and pain • Experience operating T2 GUI, CRDM, reconciliation, and liquidity-monitoring tools through U2A/A2A actions • Ability to design and document SOPs, four-eyes controls, authorization matrices, and audit-quality evidence • Experience coordinating with regulators, scheme operators, service providers, correspondent banks, and cross-functional teams • Ability to independently own sign-offs, incident escalation, and regulatory reporting decisions • Familiarity with DNB/TARGET-NL conditions, the Instant Payments Regulation (IPR), and EMI/PSD2 operational obligations • Professional fluency in English, written and spoken • Prior direct TARGET/RTGS/TIPS onboarding or sponsor-bank-to-direct-participation migration experience is nice to have • Experience establishing incident management and ECONS II contingency processes is nice to have

🏖️ Benefits

• Continuous personal and professional development resources and opportunities • Flexibility to travel and work remotely or in a hybrid model across Europe • Stock Options Program available to every team member • Modern, friendly, and eco-conscious corporate culture • Constant support and care • Work & Swim Program: one month in a corporate apartment in Cyprus • Equal opportunity employer and diversity commitment