At a Glance
- Tasks: Ensure compliance with payment schemes and enhance operational efficiency in a dynamic banking environment.
- Company: Join a high-growth challenger bank located in Canary Wharf.
- Benefits: Competitive salary, benefits, bonus, and hybrid working after training.
- Other info: Collaborative culture with opportunities for continuous improvement and career growth.
- Why this job: Make a real impact on banking operations while developing your expertise in payment schemes.
- Qualifications: 2-3 years in compliance or scheme assurance, with strong analytical and communication skills.
The predicted salary is between 40500 - 49500 £ per year.
Challenger Bank based in Canary Wharf; £40-50k basic + benefits & bonus; Office based until end of training & probation, then hybrid working available.
Our client is a high growth challenger bank, with an office in Canary Wharf, who are keen to add a new member to their security & risk team. The role is to ensure that the bank's operational and technical processes align with scheme requirements, regulatory standards, and industry best practices.
Responsibilities
- Scheme Compliance: Conduct thorough assessments based on scheme requirements to verify that the bank's operations meet the specified criteria, ensuring compliance with industry standards and regulatory guidelines.
- Regulatory Adherence: Continuously monitor and verify that the bank's processing activities adhere to relevant regulatory requirements. Promptly address any non-compliance issues and collaborate with internal teams to implement corrective actions.
- Continuous Improvement: Actively contribute to the bank's efforts to enhance operational efficiency and scheme compliance. Identify areas for improvement in processes, procedures, and systems and work towards their implementation.
- Scheme Expertise: Develop a deep understanding of the Faster Payments Service (FPS) and CHAPS scheme operational and technical requirements. Provide guidance and training to internal teams to ensure comprehensive compliance with these schemes.
- Documentation and Reporting: Maintain detailed records of compliance assessments, findings, and action plans. Prepare reports and documentation for internal and external audits to ensure transparency and accountability.
- Collaboration: Collaborate closely with cross-functional teams, including IT, operations, risk management, and compliance, to facilitate a unified approach to scheme assurance and compliance, fostering effective teamwork and communication.
- Scheme Changes: Stay updated with any changes or updates to scheme requirements and ensure that the bank's operational processes are adjusted promptly to remain compliant.
- Risk Mitigation: Identify and assess potential risks related to scheme compliance and work proactively to mitigate these risks, safeguarding the bank's reputation and customer satisfaction.
Your background
- Minimum 2-3 years experience within a scheme assurance, compliance, or a related role within the financial industry / banking
- Strong understanding of payment schemes, with a focus on FPS and CHAPS.
- Excellent attention to detail and analytical skills.
- Effective communication and interpersonal skills to work collaboratively with cross-functional teams.
- Ability to interpret and apply complex regulatory requirements.
- Strong organizational and documentation skills.
- Commitment to continuous improvement and staying up to date with industry changes.
Payment Scheme (FPS & CHAPS) Assurance Executive in London City 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 Payment Scheme (FPS & CHAPS) Assurance Executive in London City
✨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 Payment Scheme (FPS & CHAPS) Assurance Executive in London City
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.
