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- Tasks: Join us as a Payments & Settlements Officer, processing payments and ensuring excellent client service.
- Company: FirstBank UK is a globally recognised bank with over 10 million active customers.
- Benefits: Enjoy hybrid work, generous pension contributions, private medical insurance, and gym subsidies.
- Why this job: Be part of a thriving team focused on innovation and customer satisfaction in finance.
- Qualifications: Previous banking experience in payments processing and strong communication skills are essential.
- Other info: This role offers opportunities for professional growth and a supportive work environment.
The predicted salary is between 36000 - 60000 £ per year.
FirstBank UK is a globally recognised, successful bank that provides world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business boasts over 10 million active customers in over 700 business locations. Due to business requirements, we are now looking to acquire the services of an experienced Payments & Settlements Officer to support the Payments and Settlements Manager to plan and deliver our business strategy in line with our long-term goals.
Please note that this is a hybrid position with 3 days working from the office & 2 days working from home.
Key Responsibilities:- Process payments whilst providing an excellent client service to ensure positive & timely delivery for the Bank’s clients.
- Ensure all inbound and outbound payment transactions are duly inputted and verified in accordance with the customers’ authorised signature, account balance and compliance.
- Perform all the relevant checks according to the Financial Crime Prevention Policy.
- Release payments onto the SWIFT system within allocated limit & repair all SWIFT message failures advised by IT.
- Where required, assist with the settlement of Securities/NDF/FX/Money Market transactions and record for cash position purposes.
- Where required, assist with the management of the Bank’s collateral deposits with Treasury counterparties.
- Ensure all Fixed Term Deposits are processed and settled in a timely and accurate manner.
- Assist with projects related to the continuous improvement of the Function as and when required.
- Previous Payments experience within Banking.
- Excellent understanding/working knowledge of Payments Processing including: SWIFT, CHAPS, BACS, PACS, FPS.
- Basic knowledge of ISO 20022 would be advantageous.
- Ability to work using your own initiative, ensuring all Departmental deadlines will be met.
- Knowledge of Nostro Reconciliations and Investigations.
- Excellent communication skills with the ability to deal with both internal & external partners.
- Ability to analyse data and make conclusions and recommendations.
- Excellent attention to detail with the ability to work under pressure.
In return we offer a fantastic benefits package including:
- Up to 10% employer pension contribution
- Life Assurance Cover
- Income protection
- Private Medical Insurance plan (upon successful completion of probation period)
- Contribution to glasses/contacts and eye testing
- Gym subsidy (up to £50 per month)
- Cycle to work scheme.
- Employee Assistance Program
- Interest Free season ticket loan for travel
- 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service.
- Give As You Earn (GAYE)
First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.
Payments and Settlements Officer employer: FirstBank UK Limited
Contact Detail:
FirstBank UK Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments and Settlements Officer
✨Tip Number 1
Make sure to familiarise yourself with the specific payment systems mentioned in the job description, such as SWIFT, CHAPS, and BACS. Understanding these systems will not only help you during the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in payments and settlements within the banking sector. Engaging with them on platforms like LinkedIn can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with compliance and financial crime prevention policies. Being able to articulate how you've adhered to these regulations in past roles will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by preparing examples of how you've used data to make decisions or improve processes in previous positions. This will highlight your ability to contribute to the continuous improvement projects mentioned in the job description.
We think you need these skills to ace Payments and Settlements Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Payments and Settlements Officer position. Familiarise yourself with key terms like SWIFT, CHAPS, and BACS to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in payments processing and banking. Emphasise your skills in compliance, attention to detail, and any specific software or systems you've used that relate to the job description.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying and how your background aligns with FirstBank UK's goals. Mention your ability to work under pressure and your experience with financial crime prevention policies.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role.
How to prepare for a job interview at FirstBank UK Limited
✨Know Your Payments Processing
Make sure you have a solid understanding of payments processing systems like SWIFT, CHAPS, and BACS. Be prepared to discuss your previous experience with these systems and how you've used them in past roles.
✨Demonstrate Attention to Detail
As a Payments and Settlements Officer, attention to detail is crucial. During the interview, provide examples of how you've ensured accuracy in your work, especially when processing transactions or handling compliance checks.
✨Showcase Your Communication Skills
Excellent communication is key in this role. Be ready to explain how you've effectively communicated with both internal teams and external clients in previous positions, particularly in resolving issues or clarifying payment instructions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential challenges you might face in the role and how you would handle them, especially regarding financial crime prevention and transaction discrepancies.
