Target2 Process Owner

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🌐 Spain, Netherlands, +1 more countries – Remote

🇪🇸 Spain – Remote 🇳🇱 Netherlands – 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 and end-to-end lifecycle of Target2 direct participation processes and infrastructure • Design and document the operating model before go-live and validate it during August end-to-end UAT • Manage BIC-by-BIC cutover from indirect to direct participation 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 and investigations, including non-receipt investigations and pacs.028 payment-status requests • Own and automate SWIFT enquiry handling, including MT199, MT999, RFIs, and relevant ISO 20022 flows • Monitor inbound RTGS payments, handle exceptions and returns, manage unmatched or pending items, and establish Escrow infrastructure • Maintain operational decision-making and customer-handling processes for rejects, returns, refunds, codes, alerts, and exceptions • Operate the T2 GUI/dashboard directly through U2A and A2A for payment tracking, returns, liquidity visibility, and fallback/manual actions • Maintain CRDM reference data, TARGET access, four-eyes authorization matrix, production segregation of duties, and manual-versus-automated operating model • Own Payment Operations’ interface with daily reconciliation across MCA, RTGS DCA, and TIPS DCA; escalate liquidity-related payment issues • Redesign incident detection and escalation routes with DNB, FIS, and TARGET and own payment-impact assessment • Own DNB notifications, reporting, and evidence retention to DNB readiness standards • Define Payment Operations’ role in the ECONS II contingency solution, including training and test evidence • Coordinate with the T2 scheme/Eurosystem, DNB, SWIFT/NSP, FIS, correspondent banks, and BNP Paribas during the dual-run period • Partner with Product and Engineering to test interfaces, identify back-office development needs, and define automated versus manual behavior • Establish documented processes, ownership, escalation/fallback procedures, and UAT evidence for successful direct participation • Ensure stable post-go-live T2 operations with Finom-controlled investigation SLAs and no 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, and TARGET Services including T2/RTGS and TIPS direct connectivity • Practical knowledge of payment investigations, recalls, returns/refunds workflows, and SWIFT/ISO 20022 messaging standards including MT199, MT999, pacs, camt, and pain • Experience operating central financial-infrastructure interfaces directly, such as T2 GUI, CRDM, reconciliation, and liquidity-monitoring tools, including U2A/A2A actions • Ability to design and document operational processes, including SOPs, four-eyes controls, and authorization matrices to audit/regulatory standards • Experience liaising directly with regulators or scheme operators, including central banks, Eurosystem, and SWIFT/NSP, and cross-functional teams • Seniority sufficient 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, for regulatory and cross-border coordination • Confidence coordinating with DNB, Eurosystem, SWIFT/NSP, service providers, correspondent banks, Product, Engineering, Compliance, Risk, and Finance Ops • Prior direct TARGET/RTGS/TIPS onboarding or sponsor-bank-to-direct-participation migration experience is a nice to have • Experience establishing incident management and ECONS II contingency processes is a 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 • Constant support and care • Modern, friendly, and eco-conscious corporate culture • Work & Swim Program: one month in a corporate apartment in Cyprus