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- Tasks: Manage international cash payment transactions and daily GBP activity.
- Company: State Street is a leading global custodian bank and asset manager.
- Benefits: Enjoy flexible work options, competitive medical care, and development programs.
- Why this job: Make an impact in finance from day one with a supportive team culture.
- Qualifications: No specific requirements; full training provided, banking experience preferred.
- Other info: Diversity and inclusion are core values; paid volunteer days available.
The predicted salary is between 28800 - 43200 £ per year.
Who we are looking for
This is an excellent opportunity to work within an operational team responsible for processing international cash payment transactions. Responsibilities include effectively managing daily GBP activity between State Street and the UK Market (Via CHAPS), providing Network Controller coverage to the domestic USD market, monitoring & processing all international payment queues for last touch cash, exception management, processing cancelation & amendment instructions and any other payment related functions supported by Global Delivery – Payments.
Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Payments Associate you will
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Manage day to day GBP payment flows and balances through the UK CHAPS scheme
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Participate in mandatory market/industry testing throughout the year
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Provide US Network Controller coverage for the domestic USD Market
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Monitor & process all activity in a variety of payment queues and systems accurately, timely and by agent bank deadlines
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Efficiently assist internal and external clients with complex research, queries and issues
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Ensure errors and exposure to financial loss are minimized
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Be aware of all business continuity plans and escalate issues that could involve invoking of contingency procedures to the supervisor
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Support the effective functioning of the global team and the transition of workflow between different geographical locations
What we value
These skills will help you succeed in this role
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Experience in a banking role is preferred
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Previous experience of working within a CHAPS clearing environment highly advantageous
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Overall knowledge of cash related financial services products
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Proficient in the use of Microsoft Office applications, particularly Microsoft excel
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Flexibility in working hours (required)
Education & Preferred Qualifications
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No specific requirements as full training will be provided
Additional requirements
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Ability to work under pressure and in a deadline driven environment
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Ability to work accurately and with attention to detail
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Ability to work as part of a busy team
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Ability to multi-task
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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Payments Associate, Associate 2 employer: State Street Corporation
Contact Detail:
State Street Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments Associate, Associate 2
✨Tip Number 1
Familiarise yourself with the CHAPS payment system and its processes. Understanding how GBP transactions are managed will give you a significant edge during interviews, as you'll be able to speak knowledgeably about the role's responsibilities.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who work in payments or banking roles. Engaging with current employees at State Street through platforms like LinkedIn can provide insights into the company culture and expectations.
✨Tip Number 3
Brush up on your Microsoft Excel skills, as proficiency in this application is crucial for the role. Consider taking an online course or practicing advanced functions that are commonly used in financial analysis.
✨Tip Number 4
Prepare to discuss your ability to work under pressure and manage multiple tasks. Think of specific examples from your past experiences where you successfully handled tight deadlines or complex situations, as these will resonate well with the hiring team.
We think you need these skills to ace Payments Associate, Associate 2
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in banking and payment processing. Emphasise any previous roles that involved CHAPS or similar payment systems, as well as your proficiency in Microsoft Excel.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Payments Associate role. Mention specific skills that align with the job description, such as attention to detail and the ability to work under pressure, and provide examples of how you've demonstrated these in past roles.
Showcase Relevant Skills: When filling out your application, ensure you highlight your knowledge of cash-related financial services products and any experience you have with complex queries or research. This will show that you understand the responsibilities of the role.
Proofread Your Application: Before submitting, take the time to proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the Payments Associate position.
How to prepare for a job interview at State Street Corporation
✨Understand the Payment Processes
Familiarise yourself with the CHAPS payment system and how it operates. Being able to discuss your understanding of international cash transactions will show your potential employer that you are serious about the role.
✨Demonstrate Attention to Detail
Since this role involves managing payment flows and ensuring accuracy, be prepared to provide examples from your past experiences where your attention to detail made a difference. This could be in previous jobs or even during your studies.
✨Showcase Your Teamwork Skills
The job requires working as part of a busy team, so be ready to discuss how you've successfully collaborated with others in the past. Highlight any specific projects or situations where teamwork was essential to achieving a goal.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle pressure and manage multiple tasks. Think of scenarios where you had to prioritise tasks or resolve issues under tight deadlines, and be ready to share those experiences.
