At a Glance
- Tasks: Drive business growth by selling payment solutions to professional services firms.
- Company: Join a high-growth challenger bank revolutionising the banking and payments sector.
- Benefits: Competitive salary, commission, bonuses, and a vibrant work environment.
- Other info: Engage in networking events and build strong relationships across the industry.
- Why this job: Be part of a dynamic team making a real impact in regulated banking.
- Qualifications: 2+ years in sales or business development within the payments or banking sector.
The predicted salary is between 51750 - 63250 £ per year.
- Overview
- Business Development Manager
- Challenger Bank - selling payment & clearing solutions into PSP's, EMI's, MSB's, selling safeguarded deposits & banking to professional services firms.
- London office based, close to Bank station
- £50-75k basic + commission, benefits, bonus
Our client is a high growth scale up challenger UK bank who are focused on providing banking and payment solutions to the professional services markets (including segregated accounts / safeguarded deposits) and providing payments rails and clearing services to EMI's, PSP's & MSB's.
They are in a unique position, as a licensed and regulated UK bank, to support the often complex and highly regulated banking needs of this market through their experience & knowledge of the sector.
As part of our continued growth & development, we are keen to hire a BDM to join our commercial team.
- You will help to contribute towards the banks overall goals by identifying, qualifying, reaching out to, negotiating and then closing, signing and helping to onboard new customers to the bank.
- You will work independently to plan and forecast a business development strategy, ensuring regular contact is maintained & internal systems are updated.
- You will deliver exceptional customer service, utilising your knowledge of the space to deliver solutions to common challenges faced by target customers.
- As well as maintaining great relationships with customers & prospects, you will build strong internal networks with risk, compliance and all other colleagues within the bank.
- You will participate in industry events, networking opportunities and be an active member of the sales & relationship management function.
Qualifications
- You are likely to have a minimum 2+ years of sales, business development, account development or relationship management within the payments / banking sector (likely gained from working within a bank, EMI or PSP, or from within a regulated banking environment)
- Proven experience of sales success, with a good ability to understand and work compliantly within a heavily regulated environment.
- You will have a knowledge of the overall payments landscape, including risk, regulation, AML, financial services & banking (SEPA, SWIFT, BACS, CHAPS), virtual & crypto, open banking.
- Pro-active, strong work ethic and a great attitude to representing the bank will all be essential keys to success.
- You must have a knowledge of the regulated banking space and experience of selling relevant products.
- You will be a well organised individual, happy to work in a multi-cultural team, with an organised and responsible approach & great communication skills
- #J-18808-Ljbffr
Business Development Manager - Regulated Banking & Payments in London employer: Payments Recruitment
Join a rapidly expanding fintech company that values innovation and collaboration, offering a dynamic work culture where your contributions directly impact growth in the e-commerce sector. With competitive salaries, comprehensive healthcare, and opportunities for professional training, this role not only promises financial rewards but also fosters personal and career development in a supportive hybrid environment.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager - Regulated Banking & Payments in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Payments Recruitment. 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 Business Development Manager - Regulated Banking & Payments 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 Payments Recruitment.
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 Payments Recruitment'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 Payments Recruitment
✨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 Payments Recruitment.
✨Prepare for Case Studies
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 Payments Recruitment 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 Payments Recruitment 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.
