Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.
Office Location: London | Hybrid (3 days in office per week) | Salary range: £65,000 - £80,000
Who we are looking for
The Bank of London is investing in its payments capability, expanding scheme coverage including direct CHAPS participation, and delivering a steady programme of improvements to how payments are originated, processed and reconciled. This role sits inside one engineering squad delivering that work, and owns the thing that most often determines whether delivery goes well: the quality and clarity of what reaches the engineers.
Working to an agreed roadmap and priority order, you will take regulatory, scheme and client requirements, often ambiguous and often conflicting, and turn them into user stories a squad can build from without coming back for clarification. You'll run the squad's agile ceremonies, keep the backlog honest, and be the person Payment Operations, Compliance and Client Services come to with questions. It's a role that builds real depth in UK payments, from scheme mechanics through to certification and live operation.
Success in the first six months
- A groomed backlog two to three sprints deep, with predictable squad throughput
- Payments improvement roadmap items for the period delivered to plan, with committed epics closed inside their agreed sprint windows and any slippage flagged at least one sprint ahead
- CHAPS direct participation requirements decomposed into epics and stories, acceptance criteria agreed with Compliance and Payment Operations, and certification test cases drafted ahead of the scheme testing window
- Requirements reaching engineers buildable, without needing to be reworked
- Business stakeholders routing questions to you rather than escalating
- No delivery surprises, with risks arriving with lead time rather than at sprint review
We care more about payments depth and precision of thought than about job titles you have held. If you have been a business analyst, product owner, payment operations analyst, implementation manager or payments consultant and the below describes you, please apply.
Essential
- Working knowledge of Payment schemes (FPS, BACS, CHAPS, International payment) including message flows, cut-offs, reject codes and exception handling
- Evidence you can specify requirements that engineers build from without rework
- Comfortable with APIs and payloads: can read a JSON request, understand a schema, and specify an integration requirement unaided
- Experience in a squad-based or sprint-based delivery environment
- Jira and Confluence as working tools, not reporting surfaces
- Able to hold your own with Compliance and Operations, asking the second and third question rather than just recording the first answer
Desirable
- ISO 20022 / SWIFT message standards, particularly CHAPS or cross-border flows
- Scheme onboarding, certification or participant testing experience
- Confirmation of Payee, sanctions or transaction screening
- Safeguarding, CASS or agency banking exposure
- SQL or log querying (Snowflake, Datadog) for self-service investigation
Product Analyst, Core Accounts & Payments in London employer: Bank of London
At Bank of London, we pride ourselves on being a forward-thinking employer that champions innovation and resilience in the banking sector. Our hybrid work model fosters a collaborative environment where employees can thrive, supported by competitive benefits such as enhanced pension schemes, generous leave policies, and a strong focus on personal development. Join us in London, where your contributions directly empower ambitious businesses and shape the future of banking.
