At a Glance
- Tasks: Lead transformative projects in the payments industry, driving innovation and client success.
- Company: Join EY, a global leader in consulting with a focus on inclusivity and growth.
- Benefits: Competitive pay, flexible working, continuous learning, and a diverse culture.
- Other info: Opportunity to mentor future consultants and shape the future of payments.
- Why this job: Make a real impact in the evolving payments landscape while developing your career.
- Qualifications: Experience in payments transformation and strong leadership skills required.
The predicted salary is between 70000 - 90000 £ per year.
Location: London
Service Line: Consulting
Sub-Service Line: Business Consulting
Grade: Senior Manager
Drawing on reputation for providing deep industry experience and leading consulting services to the payments industry, EY is further expanding its Banking & Payments Transformation team. Our objective is simple; we look to provide long‑term value to our clients by simplifying their business models and improving their processes while focusing on their customer needs.
At EY, you will have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. Join us and build an exceptional experience for yourself and a better working world for all.
We are looking for high calibre Senior Managers, with exceptional leadership skills and proven track record of delivering tangible results on complex payments transformation initiatives at top tier global banking institutions, payment service providers and schemes leveraging modern technologies and through partnerships within the payments ecosystem.
The opportunity
The Banking & Payments Transformation team brings together a deep knowledge of banking and payments industry trends and strong execution experience to help our clients develop and execute their transformation agendas and deliver on strategic business objectives. Our clients are facing increasing pressure from regulators to improve customer outcomes and reduce systemic risk; from shareholders to improve returns through improved efficiency and reduce cost; and from customers to deliver seamless, digital, and customer‑friendly services which match those being offered by traditional and new, often fully digital competitors.
As a Senior Manager within our Banking & Payments Transformation team, you will primarily focus on leading high‑impact, complex payment transformation engagements which are at the forefront of the evolving payments landscape. Your expertise will guide top‑tier banks, fintechs, and financial services firms through strategic operating model redesigns, regulatory shifts, and technological disruption. This role demands deep payments domain knowledge, strong consulting acumen, and a proven track record of delivering measurable business outcomes.
Your key responsibilities
- Leverage your client relationships, contacts, and networks to develop our business, and lead go‑to‑market initiatives that enhance the firm’s market presence.
- Lead end‑to‑end transformation programs addressing consumer, corporate, & card payments, driving innovation in product, operations, technology, and governance.
- Build and maintain strong cross‑functional relationships within EY and with external partners to facilitate seamless collaboration and deliver integrated payments transformation solutions.
- Drive operational and financial performance on client engagements by managing profitability, risks, governance, and quality standards ensuring compliance with EY policies, professional standards, and client expectations.
- Champion continuous improvement by identifying and implementing innovative methodologies, tools, and best practices to enhance team effectiveness and client outcomes.
- Develop & articulate thought leadership on payments innovation, regulatory trends, and future market dynamics including digital currencies & embedded commerce.
- Mentor and develop high‑performing teams, fostering an inclusive culture that supports professional growth, collaboration, and achievement of strategic objectives.
To qualify for the role
To qualify for the role, you must have some or all the following:
- Extensive payments industry or Big‑4 / specialist consulting experience with deep expertise in payments products and services (e.g., retail, corporate, cards) and product management across the payments lifecycle.
- Experience in real‑time payments, open banking, cross‑border payments, and payments risk/fraud transformation.
- In‑depth understanding of the payment ecosystem, including regulatory frameworks (e.g., PSD3, the National Payment Vision and its objectives on fraud prevention, consumer protection and resilience, APP liability, etc.), market structure, and emerging trends.
- Demonstrated track record of delivery leadership on transformation programs encompassing operating model redesign, regulatory compliance, and technology modernisation.
- Strong commercial acumen with a history of originating business and managing complex client engagements at the executive level.
- Exceptional communication skills, capable of bridging strategy and execution while influencing diverse stakeholder groups.
- Thought leadership credentials and a forward‑looking perspective on payments innovation and the future of money.
Success in this role would be measured by your ability to:
- Build trusted relationships with senior payments and transformation leaders.
- Originate and convert new client opportunities.
- Lead high‑quality delivery across complex payments transformation projects.
- Strengthen the firm’s market profile in UK payments.
- Help shape a distinctive and scalable Payments Transformation proposition.
- Coach and develop the next generation of payments consultants within the team.
What we offer
We offer a competitive remuneration package where you will be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with MyReward you can select benefits that suit your needs, covering holidays, health and well‑being, insurance, savings, and a wide range of discounts, offers, and promotions.
Plus, we offer:
- Continuous learning: You will develop the mindset and skills to navigate whatever comes next.
- Success as defined by you: We will provide the tools and flexibility, so you can make a meaningful impact, your way.
- Transformative leadership: We will give you the insights, coaching and confidence to be the leader the world needs.
- Diverse and inclusive culture: You will be embraced for who you are and empowered to use your voice to help others find theirs.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
Senior Manager - Banking & Payments Transformation employer: EY UK
At EY, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters inclusivity and innovation. As a Senior Manager in our Banking & Payments Transformation team in London, you will benefit from extensive career development opportunities, a competitive remuneration package, and the chance to lead transformative projects that shape the future of the payments industry. Join us to make a meaningful impact while enjoying the support and resources needed to thrive in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager - Banking & Payments Transformation
✨Tap into Campus Networks
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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.
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Don’t shy away from reaching out directly to firms like EY UK. 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 Senior Manager - Banking & Payments Transformation
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 EY UK.
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 EY UK'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 EY UK
✨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 EY UK.
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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.
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✨Network with Industry Professionals
Before your interview, reach out to current or former EY UK 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.
