Full job descriptionJunior Associate - OperationsLocation: London
Employment Type: Fixed-Term Contract (Maternity Cover)
Department: Operations
Division: Wholesale
Salary: £26,500 per annum
About the RoleWe 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 & ExperienceExperience 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 SpecificationWe 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 LineAssistant 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.