At a Glance
- Tasks: Support the COO in managing FX payments and leading commercial initiatives.
- Company: Join a leading global financial services group in London.
- Benefits: Initial 6-month contract with potential for permanent role and hybrid working.
- Other info: Opportunity to work closely with senior business heads and develop your career.
- Why this job: Make an impact in the dynamic world of FX payments and capital markets.
- Qualifications: Experience in cross-border payments and strong stakeholder management skills.
The predicted salary is between 51750 - 63250 £ per year.
G MASS Consulting are partnered with a leading global financial services group, as they seek a Business Manager to join the COO office of their Capital Markets business in London.
This is a front-office aligned role, working directly with the Capital Markets COO and senior business heads, with a particular focus on the firm's FX franchise and its FX payments capability.
The mandate combines day-to-day business management with leading complex, cross-functional commercial initiatives, including new business launches, capability buildouts and regulatory-driven change, across Sales, Trading, Operations, Technology and the Support & Control functions.
The role's primary focus is the firm's Mi FID-regulated FX business.
The client is particularly keen to hear from proven deliverers with experience in, or closely alongside, cross-border payments and FX payments firms.
They value an understanding of how payment flows, payment rails and payments regulation interact with an FX business.
The successful candidate will be senior enough to hold their own with key business stakeholders, while remaining hands-on, nimble and hungry to develop.
The role is offered as an initial 6 month contract, with a strong opportunity to convert to a permanent position subject to performance and fit.
Responsibilities
- Support the Capital Markets COO and senior business heads in the day-to-day management and strategic development of the business, with a particular focus on FX and FX payments.
- Lead and coordinate key commercial initiatives from concept through to delivery, including new business launches, payments capability buildouts, product expansion and regulatory-driven change.
- Support the design and buildout of FX payments workflows end to end, from client onboarding and FX execution through to payment initiation, settlement and reconciliation.
- Work with Operations and Technology on payment rails and infrastructure, including SWIFT, SEPA, Faster Payments, correspondent and partner banking, and multi-currency account and virtual IBAN models.
- Coordinate across Compliance, Legal and Finance on payments regulatory requirements, including the Payment Services Regulations, safeguarding, and financial crime and fraud controls.
- Support new product, market and workflow assessments across the FX product set, from Spot through to Options, including process mapping, control considerations and implementation readiness.
- Partner with Risk and Credit on credit and market risk considerations, including counterparty credit, PFE and Va R, as part of new business and product initiatives.
- Define project scope, operating models, milestones and delivery plans, ensuring clear ownership, governance and accountability across competing priorities and dependencies.
- Prepare high-quality materials for senior management, governance forums and committees.
- Coordinate responses to audits, regulatory reviews and internal governance actions, maintaining a strong control environment aligned with Mi FID II and payments regulatory expectations.
Requirements
- A strong, demonstrable track record of delivering large-scale, cross-functional business initiatives from concept through to implementation, gained in a COO, Business Management, Chief of Staff, Strategy / Execution or Programme Delivery role within financial services.
- Experience gained in, or working closely with, a cross-border payments or FX payments firm, for example an authorised payment institution, an e-money institution or a bank payments business.
- Strong understanding of payments infrastructure and messaging, including SWIFT (ISO 20022), SEPA, Faster Payments and correspondent banking models.
- Working knowledge of UK payments regulation, including the Payment Services Regulations 2017, the Electronic Money Regulations 2011 and safeguarding requirements.
- Solid FX product and market knowledge, from FX Spot through to FX Options.
- Working understanding of credit risk (PFE) and market risk (Va R) metrics.
- Excellent stakeholder management and influencing skills, with the ability to align and, where necessary, challenge stakeholders across Front Office and the Support & Control functions.
- Understanding of Mi FID II and how it applies alongside payments regulation in an FX business.
- Excellent written and verbal communication skills, including preparation of materials for senior management and governance forums, while remaining hands-on and eager to learn and develop.
Benefits
Length: Initial 6 month contract, with a strong opportunity to convert to a permanent position subject to performance
Office: London (hybrid; 3-4 days on-site requirement)
FX Business Manager (FX Payments) - Capital Markets COO Office - G MASS Consulting in London employer: G MASS Consulting
G MASS Consulting is an exceptional employer, offering a dynamic work culture that fosters innovation and independence, particularly in the regulated insurance sector. Employees benefit from hands-on experience with cutting-edge technologies like SharePoint and Power Platform, alongside opportunities for professional growth and contract extensions. Located in a vibrant area, the company prioritises employee well-being and collaboration, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land FX Business Manager (FX Payments) - Capital Markets COO Office - G MASS Consulting in London
✨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 G MASS Consulting. 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 FX Business Manager (FX Payments) - Capital Markets COO Office - G MASS Consulting in London
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 G MASS Consulting.
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 G MASS Consulting'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 G MASS Consulting
✨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 G MASS Consulting.
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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
Since this is a full-time position, employers at G MASS Consulting will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former G MASS Consulting 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.
