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- Tasks: Lead a team to ensure smooth payment operations and minimise errors.
- Company: Join a dynamic FinTech company that's rapidly growing in the payments sector.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a culture that values knowledge sharing and innovation in financial services.
- Qualifications: Must have 10+ years in payments management and a strong grasp of payment regulations.
- Other info: Ideal for those passionate about driving operational improvements and mentoring others.
The predicted salary is between 48000 - 72000 £ per year.
Our client, a growing FinTech company, are looking for a Payments Manager to join their Payments Team.
Responsibilities will include:
- Manage Payment FTEs and be responsible for the accurate and timely completion of all daily tasks within SLA BAU's daily activity and minimisation of errors.
- Assess Risk and ensure that Payments operations follow best practices and align with audit requirements.
- Be aware of payment projects and UAT, and ensure day-to-day operational readiness and changes are implemented with the BAU team.
- Mentor and encourage a team culture of knowledge sharing and cross-training.
- Minimise errors through robust controls.
- A strong understanding of payment regulations and operational risk is required.
- Look to drive operational improvements.
- Update procedures and implement new processes for new products.
- Reviewing reconciliations daily to align platform and client account balances.
- Identifying and rectifying issues, with further root cause analysis to provide feedback on training, process changes, or technical development to prevent future errors.
- Checking team members' payment entries, interest and platform-generated entries for accuracy before processing.
- Monitoring and allocating teams' workload, adapting where required.
- Compilation and allocation of interest, fees, and other transactions to the internal platform.
- Reporting to the line manager weekly MI, errors, issues and SLA Breaches.
- Helping to identify process and technology changes to benefit processes, team and bank relationships.
- Mentoring and guiding team members in internal procedures and personal development.
To be considered for this position, ideal candidates must have the following experience and skills:
- 10+ years of experience in payments and managing a team.
- Processing of payments, Faster Payments, CHAPS, Currency Payments.
- Knowledge of interest rates, calculations and process changes.
- Good knowledge of the clearing and settlement cycles for UK domestic payment schemes.
- Understanding of PSR/PSD2 rules.
- Changes required for Financial Services firms to comply with APP rules and CoP.
- Understanding of MS Excel.
Payments Manager employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments Manager
✨Tip Number 1
Familiarise yourself with the latest payment regulations and operational risks, especially PSR/PSD2 rules. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the fast-paced FinTech environment.
✨Tip Number 2
Showcase your leadership skills by preparing examples of how you've successfully managed teams in the past. Highlight instances where you've mentored team members or implemented cross-training initiatives to foster a collaborative culture.
✨Tip Number 3
Be ready to discuss specific operational improvements you've driven in previous roles. Think about how you identified issues, implemented changes, and measured the impact on efficiency and accuracy within payment processes.
✨Tip Number 4
Prepare to talk about your experience with payment processing systems, particularly Faster Payments and CHAPS. Being able to articulate your hands-on experience with these systems will set you apart from other candidates.
We think you need these skills to ace Payments Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in payments management, team leadership, and knowledge of payment regulations. Use specific examples that demonstrate your skills in processing payments and managing teams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Payments Manager role and explain how your 10+ years of experience aligns with the responsibilities outlined in the job description. Mention your understanding of PSR/PSD2 rules and operational risk management.
Showcase Your Achievements: Include quantifiable achievements in your application, such as improvements you’ve made in payment processes or reductions in errors. This will help illustrate your capability to drive operational improvements.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Payments Manager.
How to prepare for a job interview at IPOE Consulting
✨Showcase Your Experience
With over 10 years in payments management, be ready to discuss specific examples of your past roles. Highlight your experience with Faster Payments, CHAPS, and Currency Payments, as well as any relevant projects you've led.
✨Demonstrate Knowledge of Regulations
Familiarise yourself with PSR/PSD2 rules and APP regulations. Be prepared to explain how you have ensured compliance in previous roles and how you would apply this knowledge in the new position.
✨Emphasise Team Leadership Skills
As a Payments Manager, mentoring and guiding your team is crucial. Share examples of how you've fostered a culture of knowledge sharing and cross-training within your teams to improve performance and minimise errors.
✨Prepare for Operational Improvement Discussions
Think about past experiences where you've driven operational improvements. Be ready to discuss how you identified issues, implemented changes, and the impact these had on efficiency and accuracy in payment processes.
