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For Companies At a Glance
- Tasks: Join us to provide top-notch banking services and streamline cash management activities.
- Company: We're a forward-thinking Council focused on enhancing financial operations through innovative solutions.
- Benefits: Enjoy the chance to work with automation and cutting-edge banking technologies.
- Why this job: Be part of a team that values efficiency, risk reduction, and modern banking practices.
- Qualifications: Candidates must meet FCA regulations and possess a strong credit rating.
- Other info: Contract starts on 28/12/2024; apply between 29/10/2024 and 15/11/2024.
The predicted salary is between 36000 - 60000 £ per year.
The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments.
Potential providers would be required to meet the Council's minimum short term credit rating as per the Council's treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary.
The Council is seeking to generate additional process efficiencies, reduce risks, and enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions.
Region(s) of supply: London
Keywords: Banking services, Finance, Cash management
Key dates:
- Estimated contract dates: Start date: 28/12/2024, End date: 01/01/2025
- Expression of interest window: From 29/10/2024 15:00 to 15/11/2024 12:00
PIN - Banking Services employer: London Tenders
Contact Detail:
London Tenders Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PIN - Banking Services
✨Tip Number 1
Familiarise yourself with the Council's treasury management strategy. Understanding their minimum credit rating requirements and how they assess potential providers will give you a significant edge in discussions.
✨Tip Number 2
Research the latest trends in banking automation and innovative service solutions. Being able to discuss how you can contribute to process efficiencies and risk reduction will demonstrate your proactive approach.
✨Tip Number 3
Network with professionals in the banking sector, especially those who have experience with public sector contracts. They can provide insights into what the Council might be looking for in a provider.
✨Tip Number 4
Prepare to showcase your experience with BACS and CHAPS payments. Highlighting your expertise in these areas will reassure the Council of your capability to handle their main account services effectively.
We think you need these skills to ace PIN - Banking Services
Some tips for your application 🫡
Understand the Requirements: Carefully read the job description to understand the specific banking services required by the Council. Pay attention to the minimum credit rating and the need for FCA regulation.
Highlight Relevant Experience: In your application, emphasise any previous experience in providing banking services, particularly in cash management and payment facilitation. Use specific examples to demonstrate your capabilities.
Showcase Innovation: Since the Council is looking for innovative banking service solutions, include any past experiences where you implemented automation or process efficiencies in your banking services.
Prepare a Strong Cover Letter: Craft a compelling cover letter that outlines your understanding of the Council's needs and how your organisation can meet them. Make sure to address the importance of scrutiny controls and risk reduction.
How to prepare for a job interview at London Tenders
✨Understand the Council's Needs
Make sure you thoroughly understand the Council's requirements for banking services. Familiarise yourself with their cash management activities and how your experience aligns with their goals, especially regarding automation and process efficiencies.
✨Highlight Relevant Experience
Prepare to discuss your previous experience in providing banking services, particularly in relation to BACS and CHAPS payments. Be ready to share specific examples of how you've successfully implemented innovative solutions in past roles.
✨Know the Regulatory Landscape
Since the role requires an FCA regulated organisation, brush up on relevant regulations and compliance standards. Demonstrating your knowledge of these can set you apart as a candidate who understands the importance of regulatory adherence.
✨Prepare Questions
Have insightful questions ready to ask during the interview. This shows your genuine interest in the role and helps you gauge if the Council's objectives align with your professional values and capabilities.
