Payments Clerk

Payments Clerk, City of London

• Processing of Retail and Private Banking customer payments.
• Checking payment authorisation is at the correct level.
• Interpreting required action from the customers (usually hand-written) instructions.
• Payment input to Equation Banking System or Swift Alliance as appropriate
• Second call back procedure to clients where necessary
• For payments received from Corporate and Institutional customers:
• Checking the authenticity of the payment and obtaining any necessary authorisations.
• Checking for available funds and arranging credit referrals as necessary.
• Liaising with customers by telephone and electronic means as necessary.
• Processing of "exotic" payments / currencies via claimbacks

• For payments generated internally:
• Ensuring the correct level of authorisation
• Processing of Payments

• For Retail Property Payments:
• Check all payments against mandate authority to pay
• Check for brought forward amounts and investigate prior to processing
• Check for available funds and arrange credit referrals with RMs

• For all payments/receipts:
• Advising position keeper of Nostro account movements
• Determining most appropriate method and routing of payment using Nostro account lists and online systems and determining correct fees.
• Input of payments and associated accounting entries and advice note generation, mainly to in-house system (Equation) but also direct to Swift (Alliance Message Management).
• Production of drafts, generation of associated accounting entries and advice notes, and Swift advices of issue.
• Processing all incoming payments received both automatically electronically or manually, identifying beneficiary account numbers where not quoted and updating position keeper (as described above).

• Monitoring of incoming and outgoing payments for compliance with wire transfer regulations