Financial Operations Specialist
1 month ago
We are looking to hire a talented Financial Operations Specialist to join our team at Modulr, the fastest growing payments business in the UK and Europe. This is an exciting opportunity to work with a high-energy team to support our operations, sales, and new product teams in ensuring we meet the needs of our clients.
About ModulrAt Modulr, our vision is a world where all businesses are powered by embedded payments. We enable businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect, and disburse funds instantly via a range of payment schemes, accounts, and card products.
We've created an industry-leading API platform with comprehensive online tools and access to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay, and IRIS. Our payments expertise and extensive product capability enable us to build tailored solutions to solve complex payment problems for hundreds of clients in various industries.
Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.
Modulr's Values- We strive for excellence in everything we do.
- We take ownership of our work and invest time in delivering exceptional results.
- We move at pace, achieving goals faster with the support of our team.
- We achieve success together, working as a cohesive unit.
As a Financial Operations Specialist, you will be responsible for assisting in the timely and accurate processing of client money transactions. This includes Faster Payments, Direct Debits, BACS, CHAPS, SEPA, Card transactions, FX, and SWIFT.
- Resolve any payment queries raised by our internal client support, compliance, fraud teams, other financial institutions, and payment schemes.
- Deal with ad-hoc complex payment and funding queries and incidents, working closely with other business teams and stakeholders to support our clients and resolve problems.
- Work with 3rd party payment providers to resolve queries within tight deadlines and in line with our regulatory/payment scheme requirements.
- Monitor real-time payment/transaction processes to identify trends, risks, and possible issues.
- Assist with managing our risk management profile, escalating internal policy breaches/prevent regulatory breaches, carrying out remediation, and defining mitigating factors and implementing improvements.
- Identify, resolve, and escalate all un-reconciled items in a timely manner as per our reconciliation processes.
- Effectively manage, report, and oversee client collateral requirements and recoveries, identifying and actively mitigating issues through trend analysis and recovery actions.
This role requires previous experience in payments, reconciliations, safeguarding client funds, or treasury within an operational environment. Knowledge of financial regulations, breach identification, and reporting is also essential.
You will have the opportunity to grow with Modulr and develop your skills in a dynamic and supportive environment. In return, we offer a competitive salary, estimated around £40,000-£50,000 per annum, depending on experience, plus benefits such as:
- Share Options Incentive Scheme
- Company Bonus - a percentage of the company's profits distributed among employees
- Enhanced Pension
- Flexible benefits - £1000 to spend on various benefits that suit your lifestyle and needs
- Perkbox - enjoy freebies and discounts on many other products and services
- 33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones
- Learning Opportunities – our 3-day onboarding programme equips you with the knowledge and tools needed to succeed
- Modulr hands-on - participate in company-wide events throughout the year.
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