Payments Operations Officer – Prestigious International Bank

We are seeking a banking Payments Specialist for a prestigious international bank where you will be joining a small team, dealing with inward and outward payments including: SWIFT and BACs payments. This role is ideal for a 2019-2020 undergraduate to kick-start their career in the banking sector. Moreover, also ideal for a branch banking professional i.e Cashier, to develop their career in the back office of a prestigious bank.

Responsibilities

• Manually processing payments using SWIFT MT103, MT202, BACS, CHAPS and FPS
• Preparing transactions using various payment formats across multiple currencies and banking networks, ensuring accuracy and that transactions are processed within the relevant currency cut off times
• Proactive monitoring of intraday batch queues, manually repairing STP failures and processing cash flow movements to ensure that the business operates within agreed SLA’s
• Ensuring all payments are successfully cleared and reflected within the internal treasury system
• Direct debit processing (SEPADD) – ensure that all direct debits (domestic and international) are settled within agreed timeframes
• Investigate all STP payment exceptions and taking appropriate actions to correct and enable processing
• Processing of FX settlements
• End of day error checks ensuring processing queues are clear
• Investigating outstanding payments within SWIFT, liaising with banks and external counterparties to resolve transaction queries
• Performing internal account reconciliations and investigating reconciliation breaks
• Undertaking ad-hoc identity and KYC checks to verify payment instructions
• Suspicious payment activity monitoring and flagging such payments with compliance
• Identify and implement improvements to processes for efficiency and risk mitigation.

Requirement & Expectations

• Ideally hold experience of processing SWIFT payments in a banking role.
• We are also considering 2019-2020 undergraduates with work experience in the financial services that would be happy to start their banking career in operations.
• Hybrid working role based in West End, London and would be happy to commute 3 days a week.