Research Analyst Placement

Job Details

View similar jobs

Research Analyst Placement

Purpose of the job:

• To analyse and contribute to Pay.UK’s comprehensive suite of research used to aid the development of the Current Account Switch Service (CASS).
• Principally this role will focus on market research, data analysis and report preparation but, due to the project based working style, a wider understanding of quantitative research methods would be desirable.
• The role will also enable the right candidate to diversify and enhance their skill set by supporting the Research and Innovation Manager in evolving products and services.

Main activities and responsibilities:

• Acquire data from primary and secondary data sources and maintain a database/data archive.
• Identify, analyse and interpret patterns in large, complex datasets.
• Procure and conduct data analysis and manipulation to input into the development of consumer and business models.
• Running “what-if” scenarios using consumer and business models for the team on an ad-hoc basis.
• Analyse quantitative and qualitative research results to identify interesting insights and trends.
• Presenting and distributing research results and developments to key stakeholders.
• Actively review industry research for insight on Market Dynamics, Effective Infrastructure, changes in Banking Market etc.
• Actively review current account market activity for insights such as advertising activity and product innovations in the market.
• Perform iterative reviews of literature on the current account market and the switching industry in general, to aid the CASS strategy and inform research work moving forwards.
• Identify possible measures of competition in the market for current accounts, and how such measures could be quantified and tracked.
• Quantification of complex concepts, such as inertia in the current account market, through the use of data science and data modelling techniques.
• Preparation of reports summarising the above activities that could form the basis of engagement with key stakeholders.
• Perform ad-hoc data analysis for the wider when required.

Job-specific competencies:

• Studying a relevant subject (e.g. Economics, Mathematics, Computer Science or Statistics) at degree level
• Experience in conducting analysis of large datasets
• Interest in how quantitative methods can be applied to business strategy
• Knowledge of a computer programming language or statistical software package (i.e. SPSS, SAS, R)
• Proficiency in MsExcel
• Excellent attention to detail.
• Excellent communication skills, including strong written and verbal skills.
• Excellent team player.
• Good presentation skills.
• Ability to work under pressure.

Scope

• The role will be a 13 month fixed term contract starting in August 2019.

About Pay.UK

Pay.UK is the UK’s leading retail payment authority, developing best in class infrastructure, standards and payment operations for the benefit of UK citizens everywhere. Our business enables a vibrant UK economy by ensuring greater access to payments, driving competition for end user needs such as better service, lower risk and greater value from payments. Every day, people and businesses use our services to get their salaries, pay their bills and make online and mobile banking payments. To consumers our operations are ubiquitous; our services are everywhere; robust, resilient and ready to move payments from payer to payee quickly or controlled, tenanted or untenanted, according to market needs.

How to apply

To apply for this role, please send your CV and cover letter to talent@wearepay.uk