Payments Processing Specialist

2 weeks ago


London, Greater London, United Kingdom Bank of China Full time

About Bank of China

Bank of China is a leading financial institution with a global presence. We are committed to providing our customers with exceptional banking services and solutions.

Job Overview

The Clearing & Payments department plays a vital role in supporting Bank of China's operational processing for various banking products. As a Payments Processing Specialist within the Retail Payments team, you will be responsible for ensuring accurate and efficient processing of UK and international retail payments.

Key Responsibilities

  • Process a range of domestic and international retail payments, including BACS, CHAPS, SWIFT, GIRO credits, faster payments, UK domestic cheque clearing, and bank draft clearing.
  • Set up and process regular customer payments such as standing orders and direct debits.
  • Investigate, resolve, and escalate any processing issues, collaborating with Bank of China's retail branches to ensure timely resolution of customer payment queries.
  • Contribute to streamlining processes by identifying opportunities for improvement while adhering to relevant regulations and operational risks.
  • Assist with the testing and implementation of new systems and system upgrades as required.
  • Review and revise established business procedures to enhance efficiency and accuracy.
  • Maintain high customer satisfaction standards by providing prompt and effective support.
  • Capture statistical information for reporting purposes.
  • Provide support with system testing for implementation and upgrades.
  • Assist with relevant investigations regarding payments to ensure compliance and resolution.

Requirements

  • A degree, preferably in Business or a related field.
  • A strong academic background with a minimum of 3 A-levels or equivalent qualifications, including GCSEs in Mathematics and English.
  • Experience in accounting or banking operations is highly desirable.
  • Familiarity with SWIFT and retail banking payment processing, as well as relevant global payment schemes, is an advantage.
  • Awareness of relevant legislation such as Consumer Duty, FCA, and PRA Regulations.
  • A fast learner who is adaptable to changes in the financial environment.
  • Advanced proficiency in Microsoft Excel and Word.
  • Excellent teamwork skills and a collaborative approach.
  • Strong English communication skills, with Mandarin language proficiency being beneficial.


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