BANKING OPERATIONS ANALYST / LONDON- BRIDGE/ HYRBID 1-2 DAYS PER WEEK / £55,000-£60,000 PLUS BENEFITS
About the Team / Role
WEX Europe Limited, also part of the WEX Inc organisation provides outsourced services to both OFL and OFEL, to enable the execution of their business activities as outlined.
Optal Financial Limited (OFL), a company registered in the UK and is authorised and regulated by the FCA as an Electronic Money Institution (EMI) and provide certain payment services. Optal Financial Europe Limited (OFEL) is a company registered in Ireland and is authorised and regulated by the Central Bank of Ireland (CBI) as an EMI and provide certain payments services. OFL and OFEL are principal members of Mastercard and Visa. OFEL and OFEL’s current core product/service is to issue as a regulated entity virtual account numbers or virtual cards (often called VANs or VCNs) which it provides to customers of its associated eNett business. OFL, OFEL, and eNett are part of the wider WEX Inc organisation, a US business to business solution provider headquartered in Portland, Maine. The current underlying customer base of eNett and therefore OFL & OFEL are online travel agencies (OTAs) who use VANs and VCNs to facilitate effective and efficient payments to their underlying suppliers via the Mastercard or Visa Payment Schemes.
As Banking Operations Analyst for the Optal entities operations you will support the Senior Manager, – Financial Operations and will work on all Banking Operations aspects to ensure financial integrity and accuracy of this highly regulated business. This is an operational Treasury role and includes traditional Network Management, Correspondent Banking Payments Issue resolution, entity funding, and Payment execution oversight. You will work closely with a number of different teams across WEX to ensure all Optal banking transactional flows are executed efficiently and effectively and alongside members of FinOps Optal entities meet their payment obligations. There will be a focus on payment execution monitoring and oversight, maintaining bank accounts, including completion of periodic external due diligence, opening/closing of accounts, and managing accounts per their mandates. Given inherent safeguarding of client money this will be a key accountability of the role alongside other managers in the FinOps Team.
The role will report directly into the Senior Financial Operations Manager based in London, on a hybrid basis.
What’s on offer?
1. Highly competitive salary- £55,000-£60,000 (dependant on experience)
2. Annual company bonus
3. 40 hour week – Monday to Friday, no evenings or weekends
4. Hybrid working (2days per week in London Bridge office)
5. Industry leading pension scheme
6. Private Medical
7. 25 days plus bank holidays – with the opportunity to purchase additional holidays
8. Life assurance
9. Income Protection
10. Gym Flex membership
11. Discounts & perks platform
12. Employee wellbeing
How you’ll make an impact
13. Lead the critical oversight and control over Optal entities Banking Operations;
14. Manage cash flow including daily cash balances, cash positioning, anticipating cash needs and ensuring sufficient liquidity to meet operational requirements
15. Support treasury leadership in managing the relationships with banks including overseeing bank accounts and optimising banking services to meet the business needs.
16. Ensure accurate and timely financial reporting related to treasury activities including liquidity reports and other relevant financial information
17. Stay updated with financial regulations and compliance requirements relates to Treasury’s operations, ensure adherence to internal polices and external regulations
18. Utilise treasury systems and technologies to streamline treasury processes, enhance efficiency and improve reporting capabilities. Supervise and develop treasury professionals, provide guidance, coach and support as needed.
Experience you’ll bring
19. Previous experience of working in a Treasury, Accounting, Finance or Banking position
20. Ideally degree educated in a related degree Accounting / Finance
21. Would be of a strong advantage if Certified Treasury Professional
22. Able to demonstrate knowledge and experience of financial risk assessment and mitigation strategies
23. Strong understanding of financial concepts, including cash flow management, liquidity management, and financial risk assessment. Familiarity with financial instruments, banking products, and financial markets.
24. Proficiency in managing daily cash flow, forecasting cash needs, and optimizing working capital. Ability to develop cash flow projections and monitor variances to ensure adequate liquidity for the organization’s operations.
25. Previous experience of executing treasury transactions, including cash positioning, cash pooling, bank account management, and payment processing. Familiarity with treasury management systems and financial technologies used for efficient treasury operations.
26. Familiarity with treasury management system (TMS) and financial software tolls to streamline treasure processes, automate cash management, and enhance reporting capabilities. Ability to leverage technology for improved efficiency and accuracy.
27. Strong ability to use time efficiently to meet multiple deadlines and to take responsibility for completing assignment with minimal supervision.
28. Proficient in financial analysis and modelling to evaluate investment opportunities, assess financial risks, and support decision making. Ability to analyse complex financial data and generate meaningful.
29. Strong interpersonal and communication skills to build and maintain relationships with banks, financial institutions, and other external partners.
30. Understanding of financial regulations, accounting standards, and internal controls relevant to treasury operations. Ensure compliance with legal and regulatory requirements, and adhere to internal policies and procedures.
31. Strong problem-solving skills to analyse complex financial situations, identify issues, and purpose effective solutions. Ability to make informed decisions and manage priorities in a dynamic environment
32. Ability to work effectively in cross functional teams and collaborate with stakeholders from various departments. Strong communication skills to facilitate productive interactions
33. Meticulous attention to detail to ensure accuracy and precision in financial analysis, cash forecasting and transaction processing. Ability to detect errors or discrepancies and take corrective actions.
34. Flexibility to adapt to changing business environments, market conditions, and willingness to learn and stay updated with emerging practices in treasury management.
What’s next?
If you feel that you have the necessary skills to be our new Banking Operations Analyst then please APPLY TODAY for immediate consideration.