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  • Posted: May 28, 2024
    Deadline: Not specified
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  • UK Neo-Banking Financial institution, providing Banking as a Service (BaaS)
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    Account Payment Processing Trainee

    SUCCESSFUL APPLICANTS WILL IDEALLY HAVE TO:

    • Participate in a structured training program designed to provide comprehensive training in payment processing operations, including ACH transfers, wire transfers, bill payments, and other financial transactions.
    • Learn to verify the accuracy and authenticity of payment instructions, including account details, transaction amounts, and beneficiary information, to ensure compliance with regulatory standards and prevent errors or fraudulent activities.
    • Gain knowledge of regulatory requirements, industry standards, and internal policies related to anti-money laundering (AML), Know Your Customer (KYC), and fraud prevention measures, and ensure adherence to these standards in all payment processing activities.
    • Assist in managing and processing various types of payments using banking software systems and payment processing platforms, ensuring timely execution and accuracy in transaction processing.
    • Assist in reconciling payment transactions with bank statements, general ledger accounts, and internal records to identify and resolve discrepancies, ensuring accurate financial reporting and compliance documentation.
    • Provide support to customers regarding payment-related inquiries, transaction status updates, and resolution of payment issues or disputes, delivering prompt and courteous service to enhance the overall customer experience.
    • Maintain detailed records of payment transactions, processing instructions, and compliance documentation, and assist in preparing reports on payment volumes, trends, and exceptions for management review.
    • Stay updated on industry trends, technological advancements, and regulatory changes affecting payment processing operations, and actively participate in ongoing training sessions and professional development opportunities.
    • Performing any other duties as it may be assigned by the Account Manager or by the boss.

    REQUIREMENTS & QUALIFICATIONS:

    • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field preferred.
    • Entry-level position; prior experience in banking or financial services is advantageous but not required.
    • Strong attention to detail and accuracy in work.
    • Excellent organizational and time management skills.
    • Proficiency in using computers and software applications.
    • Effective communication and interpersonal skills.
    • Analytical mindset, eagerness to learn, and a strong interest in pursuing a career in banking operations.

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