UK Payments SME - Banking

Square One Resources; Greater London; Hybrid; GBP 92,000 - 166,000; Full time

Job summary

Square One Resources is seeking a UK Payments SME to join a banking client in London or Edinburgh on a hybrid basis. The role focuses on defining business requirements for Faster Payments, CHAPS and BACS within a sponsored/indirect participant model for a major American Tier 1 bank.

You will lead workshops, translate BRs into functional specs, support paper testing, and liaise with UK/US stakeholders. Strong BA and product management know-how, plus experience with Confluence and Jira, are

Qualifications

• Strong knowledge of UK payment rails (BACS, CHAPS, FPS).
• Experience in business analysis and product management concepts.

Responsibilities

• Gather, collate and decompose information into actionable work packages for analysts.
• Review draft requirements and drive approvals.
• Support paper testing and validation that business requirements are met.
• Lead stakeholder meetings/workshops to capture processes and user needs.
• Bring value with BA and product management best practices.
• Utilize Confluence, Jira, and IBM Rational Suite for project delivery.
• Collaborate with junior analysts and distributed team across UK/US.
• Occasional meetings outside UK hours to align with US-based stakeholders.

Job description

Job Title: UK Payments SME - Banking
Location: London or Edinburgh (hybrid)
Salary/Rate: (Apply online only) per day inside IR35
Start Date: 2-3 weeks
Job Type: Initial contract until 01.07.2027

Company Introduction

We have an exciting opportunity now available with one of our sector-leading consultancy clients! They are currently looking for a skilled UK Payments SME to join their banking client in either London or Edinburgh on a hybrid basis.

A UK Payments specialist team will be established to define the business requirements for the 3 UK payment schemes required by a strategically important American tier 1 bank to establish their UK branch through the sponsored/indirect participant model.

• Faster Payments
• CHAPS
• BACS

Some knowledge of SWIFT may also be useful.

Job Responsibilities/Objectives

The team will have a core of three Subject Matter Experts with deep practical experience of the UK payment rails, their configuration, delivery and operational support.

Internal resource reviews have confirmed that the necessary skills and availability do not currently exist. This is for the last of the three SME spots.

The successful candidate will require deep practical experience of the definition of business requirements, business analysis and ideally, product management. They will have demonstratable knowledge and experience with the implementation and/or servicing of two or more of the primary three UK payment rails mentioned above, the scheme rules and the associated value chain, with their past work experience showing commitment to their roles and responsibilities.

• They will be comfortable using various formal structures and approaches to gather, collate and decompose collected information into concise, clear and actionable work packages for analysts within the wider team can develop draft requirements from.
• They will further review draft requirements and help drive approvals.
• Where requirements are converted into functional requirements and acceptance criteria, they will support "paper testing" and validation that the business requirements are being met.
• They will be adept at conducting stakeholder meetings and workshops to extract organisational preferences, processes and end customer nuances that potentially impact or influence, interpretation of the business requirements.
• They should be able to bring value to the project via knowledge of business analysis and product management best practices.
• Their practical experience with appropriate collation and collaboration tools such as Atlassian Confluence, Jira, the IBM Rational Suite (RRC, RTC) or similar, should enable them to contribute to the effective constitution of delivery approach for the project.
• They should be comfortable working with junior analysts and as part of geographically distributed team.
• Elements of the team will be located in the UK and the US, meaning that from time to time, they may be required to work beyond the normal UK hours of 9 AM to 5 PM to accommodate meetings and collaboration with US-based stakeholders and colleagues.

Required Skills/Experience

The ideal candidate will have the following:

• Candidate must have done this before and evidence experience
• Have a strong , deep knowledge of the 3 x UK Payment Rails: BACS, CHAPS & FPS (Faster Payments)
• Committed to the role
• Needs someone who is an SME, do?er and understands project lifecyle
• Can help translate and manage the process of Business Requirements translating to Tech Functional Requirements (BA Skills)

Desirable Skills/Experience

Although not essential, the following skills are desired by the client:

• Some knowledge of SWIFT may also be useful.
• They should be able to bring value to the project via knowledge of business analysis and product management best practices.
• Their practical experience with appropriate collation and collaboration tools such as Atlassian Confluence, Jira, the IBM Rational Suite (RRC, RTC) or similar, should enable them to contribute to the effective constitution of delivery approach for the project.
• They should be comfortable working with junior analysts and as part of geographically distributed team.

Disclaimer

Notwithstanding any guidelines given to level of experience sought, we will consider candidates from outside this range if they can demonstrate the necessary competencies.

Square One embraces diversity and will treat everyone equally.