Banking Relationship Manager, Brite Payments
Office located in Cavendish Square, London
Enabling instant payments
Posted today
Enabling instant payments
101-200 employees
Posted today
Office located in Cavendish Square, London
101-200 employees
Company mission
To make payments "briter" for everyone, by keeping things fully transparent, simpler and more secure for businesses and their customers.
Role
Who you are
- As an individual, you have high intrinsic motivation and want to make a dent in the payment landscape. You enjoy working in a challenger environment and have strong entrepreneurial drive and business acumen, not shying away from laying the rails while rolling on them. In addition:
- You have good knowledge of transactional banking
- You have a proven ability to negotiate with banks, while building long-term, collaborative partnerships
- You have a great understanding of banking operation policies and market regulations
- You have a good understanding of KYC and AML principles
- You work comfortably in an intense, fast-paced international environment
- You have a positive attitude that can easily build relationships with stakeholders across an international landscape
- You have a solution oriented mindset
- You are fluent in English (all other languages are a plus)
- Please apply with your CV or your LinkedIn profile. We use screening questions to streamline this recruitment process, so a personal letter is not needed
What the job involves
- The Banking Relationship Manager is a key role within Brite, reporting directly to the CFO
- In this role you will own the full responsibility for the commercial bank relationships in all markets in which Brite operates, i.e. Brite's Instant Payment Network (IPN)
- You will have full ownership of the strategic relationship management process as you are Brite’s one-point-of-entry for both existing and new bank counterparties
- Screening and approaching new bank counterparties following Brite’s market expansion plan
- Negotiating, underwriting and onboarding new banks
- Ensuring KYCs are fulfilled and the AML documentation required by partner banks are up-to-date and in-line with current best practice, in close cooperation with Brite’s AML and Compliance department
- Establish, maintain and foster transparent communication with bank partners to drive operational efficiency and collaboration
- Review of transaction flows across Brite’s instant payment network to ensure that Brite processes transactions effectively
- Collaborating efficiently with internal stakeholders to understand their needs and bridge those needs with the relevant banks
- Analyzing how operating policies, procedures and product offerings at the banks may impact the business relationship with Brite
- Continuously monitor bank relationships to ensure optimization
Salary benchmarks
Our take
Brite Payments, a Swedish fintech firm, harnesses the potential of open banking to offer a cutting-edge instant payment solution. The platform enables account-to-account (A2A) payments to both merchants and customers without the need for account creation, app downloads, or redirection to payment pages.
This approach eliminates intermediaries, allowing merchants to access funds directly from consumers' bank accounts through APIs. This not only streamlines transactions but also proves to be more cost-effective and quicker than traditional alternatives.
Amidst a backdrop of declining fintech investments, Brite has defied the trend and secured significant funding in 2023. This capital will fuel Brite's expansion into new markets and further product development, solidifying its position as a leader in the space. With a presence in 25 European countries, Brite is poised to continue its growth trajectory and play a significant role in the future of open banking and instant payments.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (1 round)
Oct 2023
$60m
SERIES A
Total funding: $60m
Company benefits
- An optimistic, caring, and inclusive culture where we want you to be yourself
- A dynamic, fast-paced, and innovative environment where you will have the possibility to make an impact from your first day onwards
- A flat organization, friendly colleagues, and fast decision-making
- A team that cares about sharing, collaborative work, and prestigelessness
Company HQ
Östermalm, Stockholm, Stockholm County
Leadership
Lena Hackelöer
(Founder & CEO)Previously worked at Klarna in multiple Marketing roles. They then served as the Chief Product and Marketing Officer and then CEO at Qliro before founding Brite Payments in 2019.
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