Strike IT Recruitment Services
Payments SME – Banking & Wealth Management
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Payments SME – Banking & Wealth Management
Location: London (Hybrid Working)
Contract: Initial 6 Months (Likely Extension)
We are supporting a leading Wealth & Investment Management organisation as they embark on a major strategic transformation programme to establish a new banking capability and support a banking licence application.
As part of this initiative, we are seeking a highly experienced Payments Subject Matter Expert to take ownership of the payments architecture, operating model, and strategic delivery roadmap. This is a senior advisory and delivery-focused role requiring someone who can operate independently, engage with executive stakeholders, challenge third-party vendors, and drive key decisions across payments, banking operations, and regulatory workstreams.
Key Responsibilities
- Lead the design and development of the organisation's future payments strategy and operating model.
- Provide subject matter expertise to support banking licence and regulatory initiatives.
- Produce key artefacts including target-state architectures, process flows, requirements documentation, decision papers, and executive presentations.
- Engage with senior stakeholders across Operations, Technology, Risk, Compliance, and Executive Leadership.
- Evaluate and challenge vendors, banking partners, and payment service providers.
- Support the design of scalable, resilient, and compliant payment operations.
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Required Experience
Payments & Banking Operations
- Deep expertise across UK payment operations, including:
- Faster Payments
- Bacs
- CHAPS
- Client money and nominated account structures
- Card payment networks
- FX settlement and treasury-related payment flows
- Savings and deposit operations
Banking & Regulatory Expertise
- Strong understanding of banking operating models and payment infrastructure.
- Experience supporting banking licence, digital banking, e-money, or payments transformation programmes.
- Knowledge of PSD2 and associated regulatory requirements.
- Experience selecting, integrating, and managing PSD2-licensed payment partners.
- Understanding of operational resilience requirements and how payments architecture supports regulatory compliance.
European & Cross-Border Payments
- Experience operating across multi-entity European environments.
- Knowledge of correspondent banking models, intragroup arrangements, and cross-border payment structures.
- Expertise in liquidity management, account placement strategy, and reconciliation frameworks.
Clearing & Banking Partner Selection
- Proven experience leading clearing bank selection exercises, including:
- Requirements gathering
- Market assessment and vendor shortlisting
- Commercial evaluation
- Due diligence
- Contract negotiations and onboarding
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Custody & Wealth Management Operations
- Understanding of custody and banking operating models.
- Experience with:
- Client money segregation
- Sub-custodian arrangements
- Banking and custody control frameworks
- Payment design considerations within regulated wealth management environments
Technology & Platform Knowledge
- Strong understanding of payments architecture and banking technology ecosystems.
- Experience with Avaloq is highly desirable, including:
- Avaloq operating model and architecture
- Front-office, middle-tier, and back-office integration
- Payments and banking workflow connectivity
Ideal Background
We are particularly interested in individuals who have delivered similar initiatives within:
- Wealth Management
- Private Banking
- Digital Banking
- Custody Services
- Asset & Investment Management
- Challenger Banks
- Payment Service Providers (PSPs)
This role requires a hands-on SME who can combine strategic advisory capability with practical delivery experience and operate credibly at executive level while driving detailed workstreams independently.
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