Payments, Senior Associate
Payments, Senior Associate

Payments, Senior Associate

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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State Street

At a Glance

  • Tasks: Manage international cash payments and support the team in daily operations.
  • Company: Join State Street, a leader in financial services with a global impact.
  • Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
  • Why this job: Make your mark in finance and grow your career from day one.
  • Qualifications: Experience in banking preferred; training provided for all levels.
  • Other info: Dynamic team environment with opportunities to connect and thrive.

The predicted salary is between 36000 - 60000 £ per year.

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 cancellation & amendment instructions and any other payment related functions supported by Global Delivery - Payments.

What you will be responsible for:

  • Manage day to day GBP payment flows and balances through the UK CHAPS scheme.
  • Participate in mandatory market/industry testing throughout the year.
  • Become an SME for complex queries.
  • Assist the team manager in leading Payment Industry Testing and other team tasks as required.
  • Support junior staff with assistance, training and buddying as required.
  • Provide US Network Controller coverage for the domestic USD Market.
  • Monitor & process all activity in a variety of payment queues and systems accurately, timely and by currency deadlines.
  • Efficiently assist internal and external clients with complex research, queries and issues.
  • Ensure errors and exposure to financial loss are minimized.
  • Be aware of all business continuity plans and elevate issues that could involve invoking of contingency procedures to the supervisor.
  • Support the effective functioning of the global team and the transition of workflow between different geographical locations.

What we value:

  • Experience in a banking role is preferred.
  • Previous experience of working within a CHAPS clearing environment highly advantageous.
  • Overall knowledge of cash related financial services products.
  • Proficient in the use of Microsoft Office applications, particularly Microsoft Excel.
  • Flexibility in working hours (required).

Additional requirements:

  • Ability to work under pressure and in a deadline driven environment.
  • Ability to work accurately and with attention to detail.
  • Ability to work as part of a busy team.
  • Ability to multi-task.

About State Street: Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Payments, Senior Associate employer: State Street

State Street is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work culture where every team member is valued. With inclusive development opportunities, flexible work-life support, and vibrant employee networks, you will thrive in a supportive environment while making a significant impact in the financial services industry. Join us in London to be part of a global team dedicated to driving performance and profitability for our clients.
State Street

Contact Detail:

State Street Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Payments, Senior Associate

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those already working at State Street. A friendly chat can open doors and give you insider info that could help you stand out.

✨Tip Number 2

Prepare for the interview by brushing up on your knowledge of CHAPS and international payment processes. Show us you know your stuff and can handle complex queries with ease!

✨Tip Number 3

Practice your responses to common interview questions, but keep it natural. We want to see your personality shine through while you demonstrate your skills and experience.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.

We think you need these skills to ace Payments, Senior Associate

GBP Payment Processing
CHAPS Clearing
Cash Management
Complex Query Resolution
Payment Industry Testing
Microsoft Excel Proficiency
Attention to Detail
Ability to Work Under Pressure
Team Collaboration
Multi-tasking
Client Support
Financial Services Knowledge
Operational Efficiency
Business Continuity Awareness

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Payments, Senior Associate role. Highlight any banking experience or knowledge of cash-related financial services to catch our eye!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit for our team at State Street.

Showcase Your Attention to Detail: In the payments world, accuracy is key. Make sure your application is free from typos and errors. This will demonstrate your attention to detail right from the start!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!

How to prepare for a job interview at State Street

✨Know Your Payments Inside Out

Make sure you brush up on your knowledge of GBP payment flows and the CHAPS scheme. Familiarise yourself with the daily operations and any recent changes in the payment industry. This will not only show your enthusiasm for the role but also demonstrate your commitment to understanding the intricacies of the job.

✨Showcase Your Problem-Solving Skills

Be prepared to discuss complex queries you've handled in previous roles. Think of specific examples where you successfully resolved issues or improved processes. This will highlight your ability to manage exceptions and minimise errors, which is crucial for this position.

✨Demonstrate Team Spirit

Since this role involves supporting junior staff and collaborating with a global team, be ready to share experiences where you’ve worked effectively within a team. Highlight any mentoring or training you've provided, as this shows you can contribute to a positive team environment.

✨Master Microsoft Excel

Given the emphasis on using Microsoft Office applications, particularly Excel, make sure you can confidently discuss your proficiency. If you have experience with advanced functions or data analysis, mention it! This will set you apart as someone who can handle the technical aspects of the role with ease.

Payments, Senior Associate
State Street
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