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For Companies At a Glance
- Tasks: Lead product change initiatives and collaborate across teams to deliver innovative banking solutions.
- Company: Join the Bank of London, a pioneer in safer business banking.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make a real impact in the banking sector with cutting-edge technology.
- Qualifications: 5+ years in banking or consultancy, with strong product management skills.
- Other info: Dynamic environment with a focus on integrity, curiosity, and teamwork.
The predicted salary is between 36000 - 60000 £ per year.
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of \’bank runs.\’ It provides services such as Deposit, Embedded Banking, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of ownership, curiosity, the bank strives for excellence in all it does.
Overview
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of \’bank runs.\’ It provides services such as Deposit, Embedded Banking, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of ownership, curiosity, the bank strives for excellence in all it does.
Who we’re looking for
- Take ownership instinctively: when you encounter a problem, your first response is to seek a solution, not identify blame.
- Are comfortable with competing priorities and the lack of structure that comes with working in an early-stage business.
- Hold yourself to the highest standards of integrity and honesty, building a reputation as someone who is empathetic, trustworthy and knowledgeable.
- Are positive contributors to team and workplace culture, actively seeking ways to help others and to build strong and authentic relationships.
- Demonstrate intellectual curiosity, always looking to understand the bigger picture and improve how things are done.
- Thrive in ambiguous environments, adapting quickly and constructively to change.
- Communicate with clarity and empathy and collaborate effectively across diverse teams.
- Comfortable with content switching, from talking about APIs or payment scheme rules one moment to internal risk & controls or agile methodology the next.
- Are hands-on and able to get stuck into the detail of complex problems.
Key Responsibilities
- Joining the dots, you\’ll work with Product Managers and colleagues from across all parts of the bank to ensure we\’ve understood, designed and delivered Products effectively, collaboratively, and with purpose.
- Lead the planning and execution of various Product or propositional change initiatives, providing Project Management and Business Analysis as needed
- Translate regulatory, technological, and strategic requirements into actionable product and process changes. Conduct impact assessments, gap analyses, and readiness reviews.
- Define and manage product roadmaps and ensure the delivery of customer-centric, compliant, and resilient solutions.
- Lead the shaping of detailed business requirements, user stories and business readiness criteria to support product delivery. Coordinate cross-functional teams including IT, operations, risk, and customer service to ensure successful implementation.
- Monitor delivery progress, resolve blockers, and ensure alignment with scope, timelines, and budget. Drive stakeholder engagement and maintain clear communication on change impacts, benefits, and risks.
Qualifications & Skills
- 5+ years of experience in banking, management consultancy, or within a regulated start-up environment is highly advantageous.
- Strong understanding of domestic and cross-border payments and/or Financial Crime & Transaction Monitoring requirements would be a strong advantage.
- Proven track record of managing product or business change within a regulated environment, showcasing both Agile & Waterfall delivery methodologies.
- Good understanding of the different categories of authorised financial institutions that can operate in the UK and Europe.
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Business Change Product Manager (Payments and Banking) employer: Bank of London
Contact Detail:
Bank of London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Change Product Manager (Payments and Banking)
✨Tip Number 1
Network like a pro! Reach out to people in the banking and payments sector, especially those who work at the Bank of London or similar companies. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company's values and recent projects. Show them you’re not just another candidate; you’re genuinely interested in their mission and how you can contribute to it.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with their needs, especially around product management and change initiatives. Keep it concise but impactful.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Business Change Product Manager (Payments and Banking)
Some tips for your application 🫡
Show Your Ownership Spirit: When writing your application, make sure to highlight instances where you've taken ownership of a project or problem. We love candidates who instinctively seek solutions and demonstrate accountability!
Embrace Ambiguity: Don’t shy away from discussing your experiences in ambiguous environments. Share how you’ve adapted to change and thrived in less structured settings, as this is key for us at Bank of London.
Communicate Clearly: Your written application should reflect clarity and empathy. We want to see how you communicate complex ideas simply and effectively, so don’t hold back on showcasing your communication skills!
Tailor Your Application: Make sure to tailor your application to the role by referencing specific responsibilities and qualifications mentioned in the job description. We appreciate when candidates take the time to connect their experience with what we’re looking for!
How to prepare for a job interview at Bank of London
✨Understand the Banking Landscape
Before your interview, make sure you brush up on the latest trends in banking, especially around payments and financial regulations. Familiarise yourself with how the Bank of London operates and its unique model of holding deposits at the Bank of England. This knowledge will show your genuine interest and help you connect your experience to their needs.
✨Showcase Your Problem-Solving Skills
Since the role requires taking ownership and finding solutions, prepare examples from your past where you've tackled complex problems. Use the STAR method (Situation, Task, Action, Result) to structure your responses, highlighting how you approached challenges and what outcomes you achieved.
✨Demonstrate Adaptability
The job description mentions thriving in ambiguous environments. Be ready to discuss times when you've had to adapt quickly to change or manage competing priorities. This will illustrate your ability to handle the dynamic nature of an early-stage business like the Bank of London.
✨Communicate Clearly and Collaboratively
Effective communication is key in this role. Practice articulating your thoughts clearly and concisely, especially when discussing technical topics like APIs or payment schemes. Also, think about how you can demonstrate your collaborative spirit, perhaps by sharing experiences where you worked cross-functionally to achieve a common goal.
