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Payments Officer

  • Location: City of London, London
  • Sector: Banking Operations
  • Salary: Up to £155 per day
  • Job type: Contract/Interim/Temporary
  • Date posted: 29/08/2019
  • Job reference: 59348

LMA Recruitment's client is an International Bank in the City looking for a Payments Officer to join their Remittance & Expense team on an initial 6 month contract with potential to extend.

Responsibilities of this role include, but are not limited to:.

  • To be responsible for payment verification within Montran JGPS on behalf of the London & EMEA offices.
  • To obtain customer cross currency exchange rates from Treasury Department in order to facilitate payment processing.
  • To apply VAT to applicable Dubai payments.
  • To verify and update Base rates, Overdraft rates and daily Market Rates within UNIX.
  • Exception based processing all payments requiring manual repairs in order to facilitate the payment process.
  • Ensure that payment processing is in line with industry PSD2 regulations and Dubai VAT requirements.
  • Monitor and clear all Montran JGPS payment queues each day in line with currency cut off times..
  • Actively support the month end processing for both EMEA and London Payment teams.
  • Investigate all STP payment exceptions and take appropriate actions to correct and enable processing.
  • Working collaboratively with CSG to manage the manual payment validation checks and processing.

Requirements for this roe include, but are not limited to:

  • Detailed payments knowledge and Industry Standard understanding e.g. PSD2.
  • Excellent understanding of SWIFT payment formatting MT101, MT103. MT202 & MT202Cov.
  • Accuracy - attention to detail when processing large payment volumes within tight deadlines.
  • Ability to multitask effectively, and manage conflicting priorities.

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