At a Glance
- Tasks: Transform complex payment requirements into clear user stories for our engineering squad.
- Company: Join the Bank of London, a cutting-edge UK clearing bank with a focus on innovation.
- Benefits: Enjoy a competitive salary, generous leave, and comprehensive health benefits.
- Other info: Dynamic team culture with opportunities for personal and professional growth.
- Why this job: Be at the forefront of banking technology and make a real impact in payments.
- Qualifications: Knowledge of payment schemes and experience in agile environments are essential.
The predicted salary is between 65000 - 80000 £ per year.
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.
Office Location: London | Hybrid (3 days in office per week) | Salary range: £65,000 - £80,000
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
Job Requirements:
We care more about payments depth and precision of thought than about job titles you have held.
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
Job Responsibilities:
Requirements and stories:
- Elicit and challenge requirements from Compliance, Payment Operations, Client Services and scheme documentation
- Write epics and user stories with explicit, testable acceptance criteria
- Decompose cross-cutting requirements such as screening sequencing, payment status handling, field mapping and reject flows into squad-sized increments
- Keep Jira accurate as the single source of delivery truth, and Confluence current on decisions and rationale
Squad delivery:
- Run refinement, sprint planning, review and retrospective
- Own story-level scope and sprint composition within the agreed priority order
- Work with the engineering lead on dependencies, sequencing and WIP
- Triage defects and make the day-to-day calls that keep the squad moving
- Track throughput and surface delivery risk early, with a proposed course of action attached
Stakeholders and validation:
- Be the squad's first point of contact for business stakeholders
- Represent the squad in cross-workstream forums and resolve interface questions with other squads directly
- Define and support UAT, including scheme certification testing, and validate delivered behaviour against scheme rules and internal controls
Job Benefits:
- Competitive salary package
- 25 days annual leave plus Bank Holidays
- Holiday allowance that increases with length of service
- Birthday leave
- Enhanced company pension offering (up to 20% salary sacrifice)
- Competitive sick pay
- Life Assurance - 4x annual salary
- Critical Illness Insurance
- Private Medical Insurance with comprehensive cover for you and your family
- Personal Benefits Allowance to purchase Salary Sacrifice Benefits (Cycle to Work, PG Protect, Dental Insurance)
- 24/7 GP service, virtual physiotherapy, eye care, prescriptions, and health apps.
- Digital counselling, virtual mental health support and Employee Assistance Programme
- Digital fitness classes and discounted gym memberships.
- Market leading parental leave
- Fresh daily fruit and snacks
- Bi-weekly office breakfasts
- Peer-to-peer recognition programme with monthly value awards
- Clear goals and performance development framework
Diversity:
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
Product Analyst, Core Accounts & Payments 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.
StudySmarter Expert Advice🤫
We think this is how you could land Product Analyst, Core Accounts & Payments
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of London. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Analyst, Core Accounts & Payments
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of London.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of London's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bank of London
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of London.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of London employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
