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We're about to become a direct participant in the Faster Payments Service (FPS). This is one of our most important infrastructure projects this year. We need someone to own this programme from start to finish. You'll take us from planning through to going live as a direct participant in 2026. That means coordinating across engineering, treasury, operations, legal, compliance, and our external partners (Pay.UK, Vocalink, Form3, and the Bank of England) to deliver the implementation program on time and on budget. This is a hands on role. You'll be setting the pace, unblocking problems, and keeping everyone, internal and external, aligned on what needs to happen and when.
Job Responsibility:
Running the programme plan from requirements planning and prioritisation through build, testing, assurance, and go-live
Coordinating all the work streams: technical connectivity (MPLS+, PKI), Form3 gateway configuration, Bank of England settlement access, sort code allocation, and getting our operations ready for 24/7 direct participation
Spotting and managing risks and dependencies across engineering, treasury, compliance, and our external partners
Driving the Pay.UK assurance process, including discovery, non functional cloud testing, and scheme certification
Keeping everyone informed with clear, regular updates on progress and milestones
Maintaining programme governance: decision logs, risk registers, and RAID tracking
Managing the programme budget (~£260K in Year 1) and flagging any variances early
Working closely with external parties, Pay.UK, Vocalink, Form3, BT OpenReach, and our legal advisors
Holding us to the timeline: we have 12 months from letter of intent to go live
Setting up the handover to BAU, so our operational teams are genuinely ready to run direct FPS participation once we're live
Requirements:
Managed payment scheme participation (FPS, Bacs, CHAPS or similar) or comparable regulatory infrastructure projects in UK banking
Delivered technical programmes that cut across engineering, operations, treasury, and compliance
Worked directly with scheme bodies like Pay.UK, Vocalink, or the Bank of England, and understands their assurance processes, testing requirements, and timelines
Led delivery in a small team or small firm, where you had to be strategic and hands on at the same time
Built strong cross functional relationships with people who work differently to you, engineers, product managers, lawyers, treasury specialists, and external partners
Strong fundamentals in resource planning, time management, risk management, and clear communication
Comfortable picking up new tools for collaboration and communication
Genuinely enjoy writing and documenting everything
Nice to have:
You've done an FPS direct membership implementation before
You've been involved in setting up Bank of England Reserve or Settlement Accounts
You're familiar with the FCA and PRA and how they work
You've worked with Form3 or a similar payment gateway provider
You have experience with sort code management and allocation
What we offer:
Remote-first flexibility - work from anywhere in the UK