Payments Clerk

We are seeking a dedicated Payments Clerk to play a key role within the Banking & Financial Services Department in London. The successful candidate will be responsible for processing and reconciling transactions, ensuring the highest level of accuracy and efficiency.

Client Details

Our client is a renowned entity in the financial services industry. Being a large organisation, they have a substantial influence in the sector and are known for their commitment to delivering excellent customer service and maintaining high business standards.

This role will be based in the City of London and the candidate will be required to be in the office 5 days a week.

Description

Payments Clerk, City of London

• Processing of Retail and Private Banking customer payments.
• Checking payment authorisation is at the correct level.
• Interpreting required action from the customers (usually hand-written) instructions.
• Payment input to Equation Banking System or Swift Alliance as appropriate
• Second call back procedure to clients where necessary
• For payments received from Corporate and Institutional customers:
• Checking the authenticity of the payment and obtaining any necessary authorisations.
• Checking for available funds and arranging credit referrals as necessary.
• Liaising with customers by telephone and electronic means as necessary.
• Processing of "exotic" payments / currencies via claimbacks

• For payments generated internally:
• Ensuring the correct level of authorisation
• Processing of Payments

• For Retail Property Payments:
• Check all payments against mandate authority to pay
• Check for brought forward amounts and investigate prior to processing
• Check for available funds and arrange credit referrals with RMs

• For all payments/receipts:
• Advising position keeper of Nostro account movements
• Determining most appropriate method and routing of payment using Nostro account lists and online systems and determining correct fees.
• Input of payments and associated accounting entries and advice note generation, mainly to in-house system (Equation) but also direct to Swift (Alliance Message Management).
• Production of drafts, generation of associated accounting entries and advice notes, and Swift advices of issue.
• Processing all incoming payments received both automatically electronically or manually, identifying beneficiary account numbers where not quoted and updating position keeper (as described above).

• Monitoring of incoming and outgoing payments for compliance with wire transfer regulations

Profile

A successful Payments Clerk should have:

• Relevant educational qualifications in banking, finance, or a related field.
• Proficient skills in financial software and Microsoft Office Suite.
• Excellent attention to detail and a high degree of accuracy.
• Strong numerical skills and the ability to handle sensitive information.
• Solid understanding of financial regulations and standards in the industry.
• Excellent communication skills, both verbal and written.

Job Offer

The successful candidate will be paid £140 - 160 per day, depending on experience.