Research and Innovation Analyst Placement

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Research and Innovation Analyst Placement

Purpose of Job

• To analyse and contribute to Pay.UK’s comprehensive suite of research , in addition to maintaining a special focus on 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

Current Account Market specific:

• Actively review current account market activity for insights such as advertising activity and product innovations in the market.
• Identify possible measures of competition in the market for current accounts, and how such measures could be quantified and tracked.

General:

• 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, Emerging Technologies, changes in Banking & Payments sector etc.
• Perform iterative reviews of literature on the payments market in UK and globally and any other relevant changes in the sector to aid the Pay.UK strategy and inform research work moving forward.

Job-specific Competencies

• Quantification of complex concepts 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 and desk research for the wider team when required.
• 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 would be desired. (i.e. SPSS, R, Python)
• This role is suited for penultimate year students only, studying a relevant subject (e.g. Economics, Mathematics, Computer Science or Statistics) at undergraduate degree level.
• Proficiency in MS Office Suite.
• Excellent attention to detail.
• Excellent communication skills, including strong written and verbal skills.
• Excellent team player.
• Good presentation skills.
• Ability to work under pressure.
• Ability to gather, evaluate and analyse relevant information to produce various reports/presentations.

Other Obligations

• 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

• The role will be a 12 month fixed term contract starting in August 2020 and has a salary between £19,000 and £22,000.
• Member of the Standards & Strategy team, reporting directly to the Research and Innovation Manager. London based but may be required to travel on occasion within UK.

Pay.UK Salary: £19,000 - £22,000

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.

We are currently unifying all of the retail payment operations and talent into a single co-ordinated organisation with a primary focus on positive outcomes for end users. From this basis we will modernise the UK’s retail payments infrastructure, develop new overlay services and build a world-leading payments platform which is fit for the future. We have a once in a generation opportunity to transform payments for the benefit of people everywhere.

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.

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