Junior Associate – Operations
Location: London Employment Type: Fixed-Term Contract (Maternity Cover)Department: OperationsDivision: WholesaleSalary: 26,500 per annum
About the Role
We are looking for a Junior Associate – Operations to join our London team on a fixed-term basis to provide maternity cover.
The successful candidate will support the Operations function by monitoring and processing domestic and international cross-border payment requests, ensuring transactions are handled accurately, efficiently, and in line with applicable regulatory and internal requirements.
Key Responsibilities
- Monitor the daily flow of payment remittance requests raised by internal stakeholders.
- Manage funding and currency positioning on the Request Management System (RMS) for Treasury reporting, ensuring currency cut-off times are met.
- Upload FX deal tickets to RMS for currency buying and selling.
- Monitor incoming client monies relating to international cross-border payments and apply credits accurately.
- Process the return of client funds to remitting banks through correspondent banks using appropriate SWIFT messages, including MT199 and MT299.
- Process daily Mastercard payments.
- Raise payment-related queries through the CRM system and follow up as required.
- Ensure compliance with AML and KYC procedures and internal policies.
- Undertake other duties and responsibilities as assigned by the Department Head, Deputy Manager, or Assistant Manager.
Skills & Experience
Experience in banking, payments, or financial services would be advantageous. The following knowledge or experience is desirable but not essential:
- Inward and outward payment processing.
- Finacle or similar banking systems.
- SWIFT payment message types.
- Routine and investigatory payment-related work.
- FX transactions, including currency buying and selling.
- Banking and financial services operations.
- UK, US, EU and OFAC sanctions requirements.
- Payment Services Regulations, EU Funds Transfer Regulation, FATF International Wire Transfers and CHAPS.
Person Specification
We are looking for someone who:
- Has excellent interpersonal and communication skills.
- Demonstrates a high level of accuracy and attention to detail.
- Can understand and work with complex transactions.
- Is able to work independently and use their own initiative.
- Demonstrates integrity, diligence and reliability.
- Works effectively under pressure and to tight deadlines.
- Has a methodical and organised approach to work.
- Is a strong team player.
- Is self-motivated, proactive and dependable.
- Takes a precise, thorough and conscientious approach to their work.
Reporting Line
Assistant Manager – Operations
Why Join Us?
This is an excellent opportunity for an individual looking to develop their career within banking and financial services operations, gaining hands-on experience across payments, FX, treasury processes and regulatory requirements within a London-based wholesale banking environment.