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- Tasks: Monitor daily payment requests and ensure accurate processing for clients.
- Company: Join a leading bank in London, known for its innovative financial solutions.
- Benefits: Enjoy flexible working options and a supportive team environment.
- Why this job: Be part of a dynamic team that values accuracy and attention to detail.
- Qualifications: No specific experience required; just bring your enthusiasm and willingness to learn.
- Other info: Great opportunity for growth in the banking and finance sector.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for a Payment Associate for our London and Harrow office.
JOB ROLE: Timely and accurate monitoring of daily tickets for ‘Domestic and International Cross Border Payment Requests’ for Retail & Wholesale Bank client portfolio.
JOB RESPONSIBILITY:
- Responsible for monitoring daily flow of tickets for payment remittance requests raised by the internal stakeholders for Subsidiary & Branch.
- Responsible for funding/currency positioning (inflow & outflow) on RMS (Request Management System) for Treasury reporting with adherence to the currency cut-off times.
- Responsible for FX deal ticket upload on RMS for currency buy/sell.
- Responsible for monitoring incoming client monies (cross border international payment remittances) and applying credits in Finacle Core.
- Responsible for returning funds back to the remitting banks for client monies via cash correspondent banks in the form MT199, MT299 etc.
- Responsible for processing Mastercard Payment on a daily basis.
- Responsible for submitting payment related queries via CRM and follow up periodically.
- Ensure adherence to the AML and KYC procedures of the bank.
- Undertake any other task assigned by the Department Head/Deputy Manager/Assistant Manager.
COMPETENCY:
- Familiar with payment processing of Inward/Outward payments is desirable but not essential.
- Knowledge of Finacle system is desirable but not essential.
- Knowledge of SWIFT payment message types is desirable but not essential.
- Experience in undertaking routine and investigatory work relating to payments is desirable but not essential.
- Knowledge in FX transactions (buy/sell) is desirable but not essential.
- Good understanding of Banking & Finance Industry is desirable but not essential.
- Basic understanding of US, UK, EU and OFAC sanctions is a plus but not essential.
- Basic understanding of Payment Services Regulation (PSR), EU Funds Transfer Regulation 2015, FATF International Wire Transfers, CHAPS is a plus but not essential.
- Attention to detail and high level of accuracy.
- The ability to comprehend and work with complex transactions.
KEY INTERACTIONS/NETWORKS: Interacts with other members of the Operations team and across the bank such as Retail Branches, Credit Admin Subsidiary/Branch, Reconciliations Team, Financial Crime Operations Team, Corporate Services, Treasury Front Office for Subsidiary/Branch etc.
REPORTING RELATIONSHIP: Assistant Manager.
PERSON SPECIFICATION:
- Excellent interpersonal skills – good communicator.
- Works on own initiative.
- High integrity, diligent and conscientious – reliable and dependable.
- Works well under pressure and with time constraints.
- Methodical approach to planning and organising.
- Great team player.
- Reliable and dependable.
- Possesses an eye for detail – is precise, fastidious and thorough.
- Self-driven and self-reliant – possesses an active dynamic approach to work and getting things done.
Senior Operations Associate employer: State Bank of India UK
Contact Detail:
State Bank of India UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Operations Associate
✨Tip Number 1
Familiarise yourself with the Request Management System (RMS) and how it operates. Understanding the nuances of this system will give you an edge during interviews, as you'll be able to discuss how you can effectively monitor and manage payment requests.
✨Tip Number 2
Brush up on your knowledge of SWIFT payment message types. Even if it's not essential, having a solid grasp of these concepts will demonstrate your commitment to the role and your ability to handle complex transactions.
✨Tip Number 3
Network with professionals in the banking and finance industry, especially those who work in operations or payments. Engaging with them can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 4
Prepare to discuss your attention to detail and how it has positively impacted your previous roles. Be ready to share specific examples that highlight your accuracy and methodical approach, as these are key competencies for the Senior Operations Associate position.
We think you need these skills to ace Senior Operations Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in payment processing and any familiarity with systems like Finacle or SWIFT. Use keywords from the job description to demonstrate your fit for the role.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Senior Operations Associate position and how your skills align with the responsibilities outlined. Mention specific examples of your attention to detail and ability to work under pressure.
Highlight Relevant Skills: Emphasise your understanding of banking and finance, as well as any knowledge of AML and KYC procedures. If you have experience with FX transactions or payment regulations, be sure to include that information.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors. A polished application reflects your attention to detail and professionalism, which are crucial for this role.
How to prepare for a job interview at State Bank of India UK
✨Understand Payment Processing
Familiarise yourself with the basics of payment processing, especially for domestic and international transactions. Even if you don't have extensive experience, showing that you understand the concepts will impress the interviewers.
✨Demonstrate Attention to Detail
Since the role requires high accuracy, be prepared to discuss examples from your past work where attention to detail was crucial. Highlight any experiences where your meticulousness led to successful outcomes.
✨Showcase Your Interpersonal Skills
As the position involves interacting with various teams, emphasise your communication skills. Be ready to share instances where you effectively collaborated with others or resolved conflicts.
✨Prepare for Regulatory Knowledge
While specific knowledge of regulations like AML, KYC, and PSR isn't essential, having a basic understanding can set you apart. Brush up on these topics and be ready to discuss how they relate to the role.
