Deposit Operations Lead

Ignite Digital; Greater London; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

10% company pension

Bonus

Private medical insurance

Flexible hybrid working

Job summary

A forward-thinking startup challenger bank is seeking a Deposit Operations Lead to oversee operations of savings and current accounts. This role involves leading deposit operations, ensuring regulatory compliance, and fostering team development. Candidates should have a strong background in UK deposits, excellent analytical abilities, and experience with banking platforms. The role offers flexible hybrid working in central London and a competitive salary with benefits including a 10% pension and private medical coverage.

Qualifications

• Strong commercial experience in a financial institution or in UK deposits.
• Deep knowledge of deposit operations and payment flows.
• Exceptional communication and interpersonal skills.
• Excellent analytical and problem‑solving abilities.
• Exceptional communication and interpersonal skills.
• Proficiency in core banking platforms; understanding of payment schemes and open banking.
• High integrity and commitment to compliance and risk management.

Responsibilities

• Lead all aspects of deposit operations from origination to maturity.
• Ensure adherence to regulatory compliance and internal policies.
• Conduct performance evaluations and identify training needs for continuous improvement.
• Collaborate with sales, legal, compliance, finance, and risk management teams.
• Monitor operational risks and develop mitigation strategies.
• Manage rate changes, product launches, and ensure documentation accuracy.
• Oversee product forecasting and performance analytics.
• Stay updated on regulatory requirements and industry best practices.
• Ensure adherence to regulatory compliance and internal policies.
• Identify and mitigate operational risks with the risk management team.
• Implement effective controls and audit trails for a robust control environment.
• Lead, coach, and support a team of deposit operations professionals.
• Foster a positive team culture and encourage collaboration.
• Conduct performance evaluations and identify training needs for continuous improvement.
• Build strong relationships with internal stakeholders, vendors, and regulatory bodies.
• Address customer escalations or complaints promptly and effectively.
• Leverage technology and automation tools to optimize operations.
• Explore opportunities to streamline processes and enhance customer experience through digital solutions.

Skills

Team Leadership

Regulatory Compliance

Analytical Skills

Interpersonal Skills

Technological Proficiency

Open banking

Core banking platforms

Education

Bachelor's degree in finance or business administration

Tools

Core banking platforms

Job description

Join Our Team as a Deposit Operations Lead!

Are you an experienced professional in deposit operations ready to take the lead at an innovative challenger bank? We're seeking a dynamic Deposit Operations Lead to oversee our Savings and Current Accounts, ensuring excellence in daily operations, customer interactions, and regulatory compliance.

What You'll Do:

Operational Management

• Lead all aspects of deposit operations from origination to maturity.
• Develop and implement policies and procedures to boost efficiency and quality.
• Analyze performance metrics to drive improvements and enhance customer satisfaction.
• Collaborate with sales, legal, compliance, finance, and risk management teams.
• Monitor operational risks and develop mitigation strategies.
• Manage rate changes, product launches, and ensure documentation accuracy.
• Oversee product forecasting and performance analytics.

Compliance and Risk Management

• Stay updated on regulatory requirements and industry best practices.
• Ensure adherence to regulatory compliance and internal policies.
• Identify and mitigate operational risks in collaboration with the risk management team.
• Implement effective controls and audit trails for a robust control environment.

Team Leadership and Development

• Lead, coach, and support a team of deposit operations professionals.
• Foster a positive team culture and encourage collaboration.
• Conduct performance evaluations and identify training needs for continuous improvement.

Relationship Management

• Build strong relationships with internal stakeholders, vendors, and regulatory bodies.
• Address customer escalations or complaints promptly and effectively.

Technology and Automation

• Leverage technology and automation tools to optimize operations.
• Explore opportunities to streamline processes and enhance customer experience through digital solutions.

What We're Looking For:

• Strong commercial experience in a financial institution or in UK deposits.
• Bachelor's degree in finance, business administration, or related field; professional certifications are a plus.
• Deep knowledge of deposit operations and payment flows.
• Strong leadership skills with the ability to motivate and manage a team.
• Excellent analytical and problem‑solving abilities.
• Exceptional communication and interpersonal skills.
• Proficiency in core banking platforms and understanding of payment schemes and open banking.
• High level of integrity and commitment to compliance and risk management.

Why Join Us?

• Be part of a forward-thinking startup challenger bank.
• Lead a vital function and shape the future of our deposit operations.
• Collaborate with a passionate and innovative team.
• Flexible hybrid working (1–2 days per week in central London office)
• Competitive salary with excellent benefits including 10% company pension, bonus, private medical & much more

Apply now to take the next step in your career with us!