Accounts Assistant/payments Officer

2 weeks ago


City of London, United Kingdom Reed Accountancy Full time

Our client, the biggest private bank in Turkey, based in the heart of the City Of London, are looking for a Junior Accounts Assistant to join their dynamic team. This is an ON-SITE only role.

Due to continued growth and success, this position has arisen through expansion. Reporting into the Sub manager, this role is for an individual with a 2:1 or above grade in accountancy and finance degree, Turkish speaking and knowledge of the Turkish bankingsystem is majorly desirable.

The successful individual will be career focused, enthusiastic, possess great communication skills and have advanced knowledge of Excel and knowledge of using Macros.

**Responsibilities**:

- Manually processing payments using SWIFT MT103, MT202, BACS, CHAPS
- Processing transactions accurately across various payment platforms in multiple currencies within the relevant currency cut off times
- Direct monitoring of intraday payment batch queues, manual/automated correction of payments when needed
- Liaising with the front line staff and operations team to ensure all payments are successfully cleared and reflected within the books
- Ensure that all direct debits are settled within agreed timeframes
- Back-up for FX settlements
- End of day error checks ensuring processing queues are clear
- Investigating outstanding payments within SWIFT, BACS, CHAPS and liaising with banks and external counterparties to resolve transaction queries
- Performing internal account reconciliations and investigating outstanding reconciliation items
- Liaising with the Financial Crime Prevention Unit to perform identity and KYC checks to verify payment instructions
- Suspicious payment activity monitoring and flagging such payments with the Financial Crime Prevention Unit
- Identify and implement improvements to processes for efficiency and risk mitigation.

Person Specification:

- Ideally hold experience of processing SWIFT payments in a banking role.
- Ability to work under pressure and deadlines
- knowledge of Taxes
- Knowledge of Turkish banking system
- Desire to Analyse data
- Advanced level of Excel - Macros Knowledge
- Able to complete tasks from start to finish
- Studying towards ACCA/CIMA

**Benefits**:

- 25 days annual leave
- 8% pension contribution
- Lunch allowance
- Medical insurance


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