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Payment Operations Assitant

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers

Department Description

Operations is the heart of Allica Bank. It’s a very fast-moving environment where no two days are the same and where roles evolve and grow week by week.

 

Role Description

We are looking for a motivated people person, with a keen eye of detail.  Working in a Payments team is a fast-moving role, and the ideal candidate should feel comfortable in a busy environment where they can make a difference to a team throughout the day, grow and learn within the team.

 

Principal Accountabilities

  • To key inbound and outbound payments for the bank this includes- Customer Payments, Invoice payments, Refunds, etc

  • You’ll be responsible for making payments, dealing with payment queries. Engaging with Customer Support, Credit Operations, Asset Finance or Relationship Managers

  • To proactively identify areas for process improvement and to seek new and innovative ways to better serve way of working

  • Work amongst the Payment Operations team to deliver a seamless service for both internal and external customers

  • Ensure Annual Mandatory Training and all other required training is scheduled and met personally and across the team. 

  • To live and breathe the Banks core values

 

Personal attributes & Experience

  • Previous experience in Payments (inbound and outbound payments)

  • Experience in financial services

  • Experience using core banking systems

  • Experience in dealing with complex payment queries.

  • Experience of core processes (e.g., payments processing, complaints, reconciliation, Direct debit management, general payment queries)

  • Experience in working with workflow / task management tools

  • Knowledge of financial services rules and guidelines

  • Excellent oral and written skills as they will be constantly communicating with team and the wider business

  • Capable of working in a fast-paced environment – with a constant focus on delivery

  • Enthusiastic and articulate, whilst being motivated by a need to help people

  • Organisational and good time management skills

  • Good attention to detail, accuracy

  • Conform to our ethical standards and conduct

  • Act as an ambassador/advocate for Customer within the Bank

  • Adhere to quality control requirements and ensure compliance with policy

#LI-Hybrid

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

  • Full onboarding support and continued development opportunities

  • Options for flexible working

  • Regular social activities

  • Pension contributions

  • Discretionary bonus scheme

  • Private health cover

  • Life assurance

  • Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

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CEO of Allica Bank
Allica Bank CEO photo
Richard Davies
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Average salary estimate

$37500 / YEARLY (est.)
min
max
$30000K
$45000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Payment Operations Assitant, Allica Bank

Join Allica Bank as a Payment Operations Assistant in Milton Keynes, where we're all about growth and innovation in the financial technology sector. Our mission is to empower established SMEs, essential players within local economies often overlooked by traditional banking giants. As part of our vibrant Operations team, no two days are the same – it’s a fast-paced environment tailored for those who thrive on variety. In this role, you’ll take charge of processing inbound and outbound payments, handling customer queries, and collaborating with various departments like Customer Support and Asset Finance. Are you a detail-oriented people person? You'll be encouraged to point out any areas for process improvement, discovering new ways to enhance our operations along the way. Your organizational skills will shine as you fulfill our commitment to quality control and compliance with industry standards. We value your enthusiasm and ability to communicate effectively with your team and clients alike. With flexible working options, a wide range of benefits, and ongoing development opportunities, Allica Bank is more than just a workplace; it’s a community where you can grow your career while making a real difference. Ready to dive into the world of payment operations? We can’t wait to meet you!

Frequently Asked Questions (FAQs) for Payment Operations Assitant Role at Allica Bank
What are the main responsibilities of a Payment Operations Assistant at Allica Bank?

As a Payment Operations Assistant at Allica Bank, your primary responsibilities will include processing various types of payments such as customer payments, invoice payments, and refunds. You will also manage payment queries, work closely with teams like Customer Support and Asset Finance, and identify areas where processes can be improved for greater efficiency. This role is critical in ensuring a seamless service for both internal and external clients.

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What qualifications are required for the Payment Operations Assistant position at Allica Bank?

To succeed as a Payment Operations Assistant at Allica Bank, you should have previous experience in processing both inbound and outbound payments and a solid understanding of financial services. Proficiency in core banking systems, handling complex payment queries, and familiarity with workflow management tools will also be valuable. Strong communication skills and attention to detail are essential attributes for this role.

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What is the working environment like for a Payment Operations Assistant at Allica Bank?

The working environment for a Payment Operations Assistant at Allica Bank is dynamic and fast-paced. You will be part of a team that values collaboration, innovation, and a proactive approach to problem-solving. The culture emphasizes flexibility, allowing you the opportunity to work in a hybrid setup that suits your lifestyle while focusing on delivering exceptional service to clients.

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Does Allica Bank provide training for new Payment Operations Assistants?

Yes, Allica Bank is committed to ensuring that all new Payment Operations Assistants receive comprehensive onboarding support and ongoing training. This includes mandatory training to keep your skills sharp and aligned with industry standards. The bank believes in continuous development, offering you the chance to grow your expertise and advance your career.

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What benefits can a Payment Operations Assistant expect at Allica Bank?

As a Payment Operations Assistant at Allica Bank, you can look forward to a range of attractive benefits. These include flexible working arrangements, a pension contribution plan, a discretionary bonus system, private health cover, and enhanced family-friendly policies. The bank places a strong emphasis on employee well-being and work-life balance.

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Common Interview Questions for Payment Operations Assitant
How do you prioritize tasks as a Payment Operations Assistant?

In a fast-paced environment like Allica Bank, I prioritize tasks by assessing urgency and the impact of each payment on customer satisfaction and overall operations. I utilize task management tools to ensure no detail is overlooked while remaining flexible enough to adapt to any urgent payment requests.

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Can you describe a situation where you improved a payment process?

Absolutely! I once identified inefficiencies in a payment processing system that led to delays. I collaborated with my team to streamline the approval workflow, reducing transaction times by 20%. This experience taught me the value of proactive engagement in improving operations.

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What steps do you take to ensure accuracy in payment processing?

I always double-check payment details before submission, use automated systems to reduce human error, and maintain organized records. Additionally, I regularly review reconciliation processes to identify any discrepancies quickly.

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How do you handle a complex payment query from a client?

When handling complex payment queries, I stay calm and actively listen to the client. I ask clarifying questions to understand the issue fully and either resolve it on the spot or escalate it to the appropriate department while keeping the client updated throughout the process.

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What motivates you to work in payment operations?

I'm motivated by the fast-paced nature of payment operations and the critical role they play in customer satisfaction. I find it rewarding to contribute to smooth transactions that empower businesses and foster local economies.

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Do you have experience with core banking systems?

Yes, I have worked extensively with core banking systems throughout my career. My expertise includes processing transactions, conducting reconciliations, and resolving payment discrepancies efficiently within those platforms.

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How do you adapt to changing regulations in financial services?

I stay informed about market updates and regulatory changes by attending workshops, webinars, and subscribing to industry news. This proactive approach ensures that I remain compliant and ready to implement any necessary changes swiftly.

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Can you explain the importance of compliance in payment operations?

Compliance is vital in payment operations as it protects both the bank and its clients from legal and financial repercussions. I prioritize adherence to all relevant policies and procedures to mitigate risk and ensure the trust of our customers.

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What qualities make you an ideal candidate for the Payment Operations Assistant role?

I believe my attention to detail, strong organizational skills, and commitment to delivering excellent customer service make me an ideal candidate. My previous experience in a fast-paced environment has equipped me with the ability to work effectively under pressure while maintaining high standards.

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How do you build strong relationships with team members and customers?

Building strong relationships starts with effective communication and active listening. I make an effort to understand my team members and clients, which helps to foster trust and collaboration, ultimately leading to a more productive work environment.

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Full-time, hybrid
DATE POSTED
January 21, 2025

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