Commercial Analyst Placement

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Commercial Analyst Placement

Purpose of Job

• Provide financial, economic and business analysis to input into Pay.UK’s commercial strategy to help define how existing and new products and services will be designed, priced, marketed and funded.
• Work with the Head of Commercial and the rest of the team to explore ways of combining financial and economic analyses and market research to help develop future services to take to market.

Main Activities and Responsibilities

• Provide analysis and key insights from research and present to internal and external stakeholders, making recommendations for change / innovation. Develop and validate financial business cases for strategic change / innovation initiatives including assessment of the most appropriate funding mechanism per initiative.
• Conduct data analysis to input into the development of alternative commercial, funding and treasury options for business-as-usual activities and new initiatives.
• Actively review industry research for insight into: Financing Models, Market Dynamics, Effective Infrastructure, changes in Banking Markets etc, to identify key insights and trends.
• Prepare reports summarising the funding and commercial options that could form the basis of engagement with key stakeholders.
• Prepare and present marketing research results and recommendations to internal stakeholders.
• Run “what-if” scenarios using consumer and business models on an ad-hoc basis.
• Perform ad-hoc data analysis when required.

Job-specific competencies

• Studying a relevant subject at degree level – Business, Banking, Finance and / or Economics preferred). Other degree disciplines will be considered if the candidate has commercial / funding experience.
• Analytical with commercial modelling / analytics experience.
• Intermediate understanding of Microsoft Office (Excel and PowerPoint specifically).
• Excellent attention to detail.
• Excellent communication skills, including strong written and verbal skills.
• Excellent team player.
• Good presentation skills.
• Ability to work under pressure.
• Knowledge of a computer programming language or statistical software package would be advantageous (e.g. SPSS, SAS, R).

Other Obligations

Data Protection

• Ensures that policies and procedures are followed and that staff receives appropriate training, that a local risk register is developed and regularly monitored and reviewed.
• Complies and / or ensures compliance with Pay.UK Data Protection policy, processes and all relevant legislation. This includes maintaining team specific retention schedules, records of data processing and ensuring that any data protection risks are identified, communicated and mitigating actions put in place.

Scope

• This role will be up to a 12 month fixed term contract starting in September 2019.
• Member of the Standards & Strategy team, reporting directly to the Head of Commercial. London based but may be required to travel on occasion within UK.

About Pay.UK

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2018, the UK’s retail payment systems processed 8.8 billion transactions worth £7 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques.

Every day, individuals and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

Developing an organisation to achieve these goals is a fundamental step to achieving success.

How to apply

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