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- Tasks: Join us as a Payments and Settlements Officer, processing payments and ensuring excellent client service.
- Company: FirstBank UK is a leading global bank with over 10 million active customers.
- Benefits: Enjoy hybrid work, generous leave, gym subsidies, and private medical insurance.
- Why this job: Be part of a dynamic team, contribute to financial strategies, and enhance your banking skills.
- Qualifications: Previous banking experience in payments processing and strong communication skills are essential.
- Other info: This role offers a supportive environment with opportunities for professional growth.
The predicted salary is between 28800 - 43200 £ 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
- Birthday Leave
- 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service.
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
Familiarise yourself with the specific payment systems mentioned in the job description, such as SWIFT, CHAPS, and BACS. Understanding how these systems operate will not only boost your confidence but also demonstrate your commitment to the role during any discussions.
✨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
Stay updated on the latest trends and regulations in payments processing, especially regarding financial crime prevention policies. This knowledge will help you stand out as a candidate who is proactive and well-informed.
✨Tip Number 4
Prepare for potential interviews by practising common questions related to payments processing and client service. Being able to articulate your experience and how it aligns with the bank's goals will make a strong impression.
We think you need these skills to ace Payments and Settlements Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in payments processing and banking. Emphasise your knowledge of SWIFT, CHAPS, BACS, and any other key skills mentioned in the job description.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your skills and experiences align with the responsibilities of the Payments and Settlements Officer role. Mention your ability to work under pressure and your attention to detail.
Highlight Relevant Experience: In your application, clearly outline any previous roles that involved payments processing or financial transactions. Use specific examples to demonstrate your expertise and understanding of compliance and financial crime prevention.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this 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 your past roles.
✨Demonstrate Attention to Detail
As a Payments and Settlements Officer, attention to detail is crucial. During the interview, highlight examples where your meticulous nature helped prevent errors or improved processes in your previous jobs.
✨Showcase Your Communication Skills
Excellent communication is key in this role. Be ready to share instances where you effectively communicated with both internal teams and external partners, especially in high-pressure situations.
✨Prepare for Compliance Questions
Given the importance of compliance in banking, brush up on relevant regulations and policies, particularly around financial crime prevention. Expect questions on how you've ensured compliance in your previous roles.
