Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Drive business growth by selling innovative banking and payment solutions to professional services firms.
- Company: Join a high-growth challenger bank revolutionising the payments landscape in the UK.
- 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 the regulated banking sector.
- Qualifications: 2+ years in sales or business development within banking or payments is essential.
The predicted salary is between 50000 - 75000 £ per year.
Overview of the role involves selling payment and clearing solutions into PSPs, EMIs, and MSBs, as well as safeguarded deposits and banking to professional services firms. The position is based in London, close to Bank station, with a salary range of £50-75k basic plus commission, benefits, and bonus.
Our client is a high-growth scale-up challenger UK bank focused on providing banking and payment solutions to the professional services markets, including segregated accounts and safeguarded deposits. They provide payment rails and clearing services to EMIs, PSPs, and MSBs. As a licensed and regulated UK bank, they support the complex and highly regulated banking needs of this market through their experience and knowledge of the sector.
As part of continued growth and development, we are keen to hire a Business Development Manager to join our commercial team. You will contribute towards the bank's overall goals by identifying, qualifying, reaching out to, negotiating, closing, signing, and helping to onboard new customers. You will work independently to plan and forecast a business development strategy, ensuring regular contact is maintained and internal systems are updated. You will deliver exceptional customer service, utilising your knowledge of the space to provide solutions to common challenges faced by target customers. Additionally, you will maintain great relationships with customers and prospects while building strong internal networks with risk, compliance, and other colleagues within the bank. Participation in industry events and networking opportunities will be expected, as well as being an active member of the sales and relationship management function.
Qualifications:
- A minimum of 2+ years of sales, business development, account development, or relationship management within the payments or banking sector.
- Proven experience of sales success, with a good ability to understand and work compliantly within a heavily regulated environment.
- Knowledge of the overall payments landscape, including risk, regulation, AML, financial services, and banking (SEPA, SWIFT, BACS, CHAPS), virtual and crypto, open banking.
- Pro-active, strong work ethic, and a great attitude to representing the bank.
- Knowledge of the regulated banking space and experience of selling relevant products.
- Well-organised individual, happy to work in a multi-cultural team, with an organised and responsible approach and great communication skills.
Business Development Manager - Regulated Banking & Payments in London employer: Payments Recruitment
Contact Detail:
Payments Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Manager - Regulated Banking & Payments in London
✨Tip Number 1
Network like a pro! Attend industry events and meet-ups to connect with potential clients and colleagues. Building relationships in the regulated banking space can open doors that a CV just can't.
✨Tip Number 2
Show off your knowledge! When you get the chance to chat with prospects, demonstrate your understanding of the payments landscape and the challenges they face. This will help you stand out as a trusted advisor rather than just another salesperson.
✨Tip Number 3
Follow up consistently! After initial meetings or networking events, make sure to keep in touch. A simple email or call can keep you top of mind and show that you're genuinely interested in helping them solve their banking needs.
✨Tip Number 4
Utilise our website! Check out the latest job openings and apply directly through us. We’re here to support you in landing that Business Development Manager role and making your mark in the banking sector.
We think you need these skills to ace Business Development Manager - Regulated Banking & Payments in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Development Manager. Highlight your experience in sales and business development within the payments or banking sector, and don’t forget to mention any relevant achievements that showcase your success.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention your understanding of the regulated banking environment and how your skills can help us achieve our goals at the bank.
Showcase Your Knowledge: We want to see that you know your stuff! Include specific examples of your experience with payment solutions, compliance, and customer service. This will show us that you’re not just a good salesperson, but also someone who understands the complexities of our industry.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Payments Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of the payments landscape, including SEPA, SWIFT, and AML regulations. Being able to discuss these topics confidently will show that you understand the complexities of the regulated banking environment.
✨Showcase Your Sales Success
Prepare specific examples of your past sales achievements in the banking or payments sector. Highlight how you identified opportunities, negotiated deals, and onboarded clients. This will demonstrate your ability to contribute to the bank's growth.
✨Build Relationships
Emphasise your relationship management skills during the interview. Talk about how you've maintained strong connections with clients and internal teams. This is crucial for a role that requires collaboration across departments like risk and compliance.
✨Be Proactive and Positive
Exude a proactive attitude throughout the interview. Share instances where you took the initiative to solve problems or improve processes. A positive mindset will resonate well with the interviewers and align with the bank's culture.