S

Satispay

Mobile payment network bypassing card networks

Head of Banking Operations

Retail & Commercial BankingConfirmed live in the last 24 hours
Full-timeLuxembourg

About the Job

Requirements

  • Deep expertise in European payment infrastructure, including SEPA rulebooks and R-transactions, card schemes and processing, SWIFT, and TARGET; personally delivered at least one major scheme migration.
  • Hands-on exposure to securities, custody, or fund operations.
  • Experience running operations in a licensed institution such as a bank, electronic money or payment institution, or payment processor.
  • Proven experience owning a reconciliation estate and reducing breaks and operational losses.
  • Demonstrated success hiring, structuring, and leveling an operations team.
  • Track record of scaling operations through automation and process rather than headcount.
  • Credibility with correspondent banks, schemes, and regulators.
  • Experience in a fast-growing, product-driven company, with the ability to engage with engineers and product managers using data.
  • Based in Luxembourg or ready to relocate.
  • Fluent English.

Responsibilities

  • Own SEPA, TARGET, domestic schemes, securities and fund rails, and card-related money operations; cover foreign exchange where products require it and maintain compliance with scheme rules.
  • Reconcile all client money daily, assign every break an owner, date, and root cause, and monitor unreconciled amounts, aging, and potential cost.
  • Scale operations through process and automation to reduce failed or delayed payments, manual steps, cost per transaction, and operational losses.
  • Prepare every new product for launch with the appropriate accounts, rails, and controls.
  • Manage banks, processors, and other partners, ensuring a tested backup exists for each critical partner.
  • Serve as the company's payments expert and provide Customer Operations with accurate explanations.
  • Hire, structure, and develop the Banking Operations team.
  • Lead and mentor teams, and collaborate with peers through structured communication and transparency.

Desired Qualifications

  • Italian language proficiency.

About the Company

Satispay

Mobile payment network bypassing card networks

Satispay operates a mobile payments network that runs outside traditional card networks. It links a user’s bank account via IBAN to create a pre-funded virtual wallet for in-store, online, and peer-to-peer payments, using QR codes or online checkout to move funds directly from bank accounts to merchants or other users. Unlike card-based processors, it charges merchants a transaction fee and offers free services to consumers, aiming to reduce costs for small payments. The company seeks to make everyday payments cheaper and simpler while expanding across Europe with new services like digital vouchers and employee benefits.

Company size
501-1,000
Company stage
Late Stage VC
Total funding
$577.6M
Headquarters
Milan, Italy
Founded
2013

Recently Posted Jobs

Explore more opportunities at Satispay

See more jobs