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- Tasks: Join our team to monitor payments and resolve banking queries daily.
- Company: Eden Scott is a dynamic recruitment agency based in Edinburgh, connecting talent with opportunities.
- Benefits: Enjoy a hybrid work model with 3 days in the office and 2 days remote.
- Other info: This role offers numerous growth opportunities within a supportive environment.
- Why this job: Be part of a growing team, enhance your skills, and make an impact in the finance sector.
- Qualifications: Experience in banking operations or financial services is preferred; strong analytical and communication skills are essential.
The predicted salary is between 28800 - 48000 £ per year.
Eden Scott's client is seeking a candidate who is available for a Banking Payment Analyst to join their expanding team based in Edinburgh. The role will be hybrid, 3 days in the office and 2 days at home.
The successful individual will get involved in the following:
- Monitor daily shared mailbox, responding to all internal/external queries promptly and regularly.
- Deal with daily end-of-day checking of all online banking systems to ensure payments have been released.
- Monitor, investigate, and resolve payment processing issues across domestic and international transactions (BACS, CHAPS, Faster Payments, SWIFT).
- Ensure timely and accurate processing of high-volume payments in compliance with internal controls and regulatory standards.
- Liaise with internal teams, banks, and external stakeholders to ensure the smooth flow of funds and resolve payment queries.
- Identify process inefficiencies and support automation and improvement initiatives within the payments function.
- Perform reconciliations, exception handling, and assist in month-end reporting related to cash movements and payment activity.
- Stay current with payment regulations and industry changes, providing insight and updates to the team.
Person Specification
- Relevant knowledge and experience, ideally in a back office, middle office, operations or similar function of a banking/financial services organisation.
- Preference for candidates who have worked with UK Payment schemes.
- Knowledge of bank payments/account to account transfers.
- Diverse product knowledge, with an ability to develop an understanding of new products.
- Ability to work under considerable time pressure, whilst maintaining a high level of accuracy and quality.
- Excellent communication and organisational skills.
- Strong analytical skills to analyse the information, identify the problems, and work towards finding the solutions.
Email CV to Karen.Kerr@edenscott.com.
This position may be just one of numerous opportunities we are handling that you could have an interest in pursuing. If you have not been in touch with us before please call us on 0131 550 1100 or drop off a CV at financialservices@edenscott.com and we will make sure the most relevant Consultant gets back to you as soon as possible. Please note that we never send CVs anywhere without your prior consent.
Eden Scott offers the services of an employment agency for permanent work and an employment business for temporary work.
Banking Payment Analyst employer: Eden Scott
Contact Detail:
Eden Scott Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Banking Payment Analyst
✨Tip Number 1
Familiarise yourself with UK payment schemes like BACS, CHAPS, and Faster Payments. Understanding these systems will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your analytical skills by practising problem-solving scenarios related to payment processing issues. Being able to showcase your ability to identify and resolve issues will set you apart from other candidates.
✨Tip Number 3
Network with professionals in the banking and financial services sector. Engaging with industry peers can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 4
Stay updated on the latest payment regulations and industry changes. Showing that you are proactive about your knowledge will impress potential employers and demonstrate your dedication to the field.
We think you need these skills to ace Banking Payment Analyst
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and required skills for the Banking Payment Analyst position. Tailor your application to highlight your relevant experience in banking operations and payment processing.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous roles that involved monitoring payment systems, resolving transaction issues, or liaising with banks and stakeholders. Use specific examples to demonstrate your expertise in UK payment schemes.
Showcase Analytical Skills: Since the role requires strong analytical skills, include instances where you successfully identified problems and implemented solutions in your previous positions. This will show your ability to handle the demands of the role effectively.
Craft a Strong Cover Letter: Write a compelling cover letter that not only summarises your qualifications but also expresses your enthusiasm for the role and the company. Mention how your skills align with their needs and your eagerness to contribute to their team.
How to prepare for a job interview at Eden Scott
✨Know Your Payment Systems
Familiarise yourself with UK payment schemes like BACS, CHAPS, and Faster Payments. Being able to discuss these systems confidently will show your relevant knowledge and experience in the banking sector.
✨Demonstrate Analytical Skills
Prepare examples of how you've used analytical skills to resolve payment processing issues in the past. Highlighting specific instances where you identified problems and implemented solutions will impress your interviewers.
✨Communication is Key
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly. Be ready to discuss how you've effectively communicated with internal teams and external partners to resolve queries.
✨Showcase Your Organisational Skills
Be prepared to talk about how you manage your time and prioritise tasks, especially under pressure. Providing examples of how you've maintained accuracy while handling high volumes of payments will demonstrate your capability for this role.