Banking Operations Executive in London

London Full-Time 28800 - 48000 £ / year (est.) No working from home possible

Get AI-powered advice on this job and more exclusive features.

Reporting to the Operations Manager, the role of Banking Operations Executive is to support the Operations Department in managing all payment processing within the given SLA, including Bacs processing and scheme-related activities, and assisting with the production and validation of test plans. For all payments and settlements, ensure that all risk, controls, and compliance processes are complied with, including prompt and effective risk escalation and resolution, and that bank operations escalation policies are implemented and adhered to. Additionally, liaising with 3rd party providers and maintaining existing relationships with UK payment schemes, including active scheme management and compliance with Bacs scheme rules and standards.
MAIN DUTIES
Key responsibilities include but are not limited to:

Responsible to support day-to-day Operations to ensure payments, including Bacs Direct Credits and Direct Debits, are processed within agreed SLAs
Support and maintain operational oversight of Bacs scheme obligations, ensuring adherence to scheme rules, operational calendars, and submission deadlines
Ensure the operational reports required are sent as evidence of success at the end of the day
Assisting on any ad hoc payments tasks when required
Assist in developing procedures and controls for the Payments team, particularly in relation to Bacs payment processing and scheme compliance
Liaise with relevant stakeholders and third-party providers on Bacs file submissions, exceptions, rejections, and settlement queries
Assist other areas of Operations as and when required
Support in all departmental UAT testing, including test scenarios for Bacs payment workflows and scheme rule changes
Support team members to ensure all allocated work is completed in a timely manner with high standards being maintained

Requirements

Bachelor\'s degree in Banking, Finance, Economics, or a related field (or in final stages of completion)
Strong organisational skills with the ability to manage multiple tasks and priorities
Interest in developing knowledge of UK payment systems, including Bacs, CHAPS, and SWIFT
Basic understanding of or willingness to learn Bacs payment processing and scheme governance
Awareness of ISO20022 MX and ISO8583 messaging standards is advantageous
Familiarity with financial messaging and settlement workflows is a plus
Excellent written and verbal communication skills
A proactive, detail-oriented approach and a willingness to learn in a fast-paced environment

Benefits

25 days annual leave entitlement plus 8 bank holidays
Pension scheme, 4% employer contribution
Private Medical Insurance
60-40 Hybrid working after successful probation period
Training and development
Free gym access in the building

Seniority level

Seniority level
Entry level

Employment type

Employment type
Full-time

Job function

Job function
Other
Industries
IT Services and IT Consulting

Referrals increase your chances of interviewing at iFAST Global Bank Limited by 2x

Get notified about new Bank Employee jobs in London, England, United Kingdom .

City Of London, England, United Kingdom 3 weeks ago

Equity Analyst - $2bn AUM Long-Biased Hedge Fund

Greater London, England, United Kingdom 4 days ago

London, England, United Kingdom 1 day ago

London, England, United Kingdom 3 days ago

Analyst, Private Equity Fund Investments (Primaries)

London, England, United Kingdom 6 days ago