Recognise Bank

Savings Operations Analyst

Posted 22 Days Ago

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London, Greater London, England, GBR

Hybrid

30K-35K Annually

Entry level

Fintech • Software • Financial Services

The Role

As a Savings Operations Analyst, you will manage third-party suppliers, analyze customer journeys, conduct competitor pricing analysis, and improve savings products' operational efficiency.

Summary Generated by Built In

Hello,

We are Recognise Bank; a modern business bank built to support the UK’s SMEs with tailored lending and savings solutions. Founded in 2017 by experienced business owners, we set out to challenge traditional banking by offering more flexibility, understanding, and practical support to help businesses thrive. Since receiving our banking licence in 2021, we’ve built a loyal customer base and a strong, diverse team that puts people first.

Our vision is building stronger futures with bespoke financial solutions. We understand that no two financial needs are the same, which is why we work closely with UK SMEs and individuals to unlock potential others often overlook. Through smart, flexible lending and savings products, we’re here to build and grow stronger futures for lasting success.

Our values shape how we work and grow together:

💪 Can do, will do: We take ownership, solve problems, and adapt as our customers’ needs evolve.

✨ Be brilliant: We show up with curiosity and energy, always striving for better.

🤝 Do the right thing: We act with integrity, responsibility, and care in everything we do.

💡Make a difference: We focus on impact, helping our customers, colleagues, and communities succeed.

About the role

As a Savings Operations Analyst, you will play a key role in ensuring the effective delivery and ongoing performance of our savings products. You will support the day‑to‑day management of third‑party suppliers and deposit aggregators, maintain consistently high service standards across the full customer journey, and produce clear operational, customer, and performance insights. You will also track competitor activity and market trends to inform pricing decisions and contribute to the development of our wider savings strategy.

Key Responsibilities

Supporting the day-to-day management of third-party suppliers and deposit aggregators:

Work collaboratively with our third-party supplier to understand, review and improve the direct customer journey across both the retail and business propositions.

Monitor and oversee the full lifecycle of change requests, coordinating with internal teams and external partners to ensure accurate, timely delivery.

Work closely with cross-functional teams and the Savings Operations Manager to implement pricing changes, new product launches and taking products off-sale for both direct proposition and other funding channels and ensure alignment with overall business objectives.

Drive continuous improvement by identifying opportunities and presenting proposals that strengthen the overall deposit proposition and operational efficiency.

Customer Experience:

Analyse the endtoend customer journey across all touchpoints to identify friction points, behavioural trends, and opportunities to improve service quality.

Partner with our marketing, data, customer support, and product teams to gather insights into customer interactions, preferences, and pain points.

Develop and manage comprehensive database of existing customers as well as targeting new customer segments.

Use customer feedback, complaints data, and Trustpilot insights to build a detailed picture of customer needs, expectations, and behaviours.

Create comprehensive proposals for improving the customer experience, addressing pain points, and enhancing satisfaction at each stage of the customer journey.

Work closely with product teams to align proposed improvements with product development.

Stay abreast of industry trends and best practices related to customer experience, and incorporate innovative ideas into proposals.

Communicate effectively with stakeholders, presenting proposals and progress reports to gain support for initiatives aimed at enhancing the customer journey.

Competitor and Market Analysis:

Conduct daily competitor pricing analysis to track market trends and Recognise positioning, as well as deposit flows.

Collect and analyse pricing data from various sources, including competitor websites, Moneyfacts reports, and industry publications.

Collaborate with the marketing team to understand customer preferences and market demands that may impact pricing decisions.

Regularly update pricing databases and maintain accurate records of competitor pricing information.

Prepare detailed reports and presentations summarising findings from the competitor pricing and customer insights analysis.

Monitor changes in the competitive landscape and industry trends to proactively recommend pricing adjustments and strategies.

Corporate Responsibilities

Read and follow all relevant company policies and procedures

Adhere to all risk-related responsibilities applicable to your role, as set out in the Risk Management Policy

Abide by all compliance and financial crime related policies, procedures and reporting obligations applicable to your role

Required Skills & Experience

Bachelor's degree

Desire to gain valuable experience in deposit operations management within the banking industry

Good knowledge of banking regulations and compliance related to deposit products is a plus

Why Join?

At Recognise Bank, we're building more than a bank — we’re creating a culture where people feel empowered to make a difference 💡, supported to be brilliant ✨ with a can do will do attitude, and trusted to do the right thing 🤝.

We believe that when our people thrive, so do our customers. That’s why we invest in an environment that reflects our values and supports your growth, flexibility, and wellbeing.

Here’s what you can look forward to:

🌴 Competitive Time Off – Generous annual leave plus bank holidays to rest, recharge, and enjoy life outside of work.

🌍 Work From Anywhere – Up to 6 weeks per year to work remotely from anywhere in the world.*

📚 Learning & Development – Tailored training and support to grow your skills and achieve your professional goals.

🏠 Hybrid Working – To support your work-life balance, we offer a hybrid working model with 3 days in the office and 2 days remote.**

🩺 Private Medical Care with Vitality – Comprehensive healthcare including optical and dental coverage to keep you healthy.

💼 Enhanced Pension Scheme – Helping you plan and save for a secure future.

👶 Maternity, Paternity & Adoption Pay – Supporting you and your family during important life moments.

🎉 Discretionary Company Bonus – Rewarding your contribution to our shared success.

If you're curious, driven, and ready to be part of something meaningful — where your ideas matter, your growth is supported, and your work makes a real impact — then we’d love to hear from you.

*Subject to company policy.

**This arrangement may vary during the induction period.

Recognise Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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The Company

HQ: London

65 Employees

Year Founded: 2017

What We Do

Recognise Bank was founded in 2017 by experienced business owners who recognised the disconnect between traditional business banking and the needs of modern SMEs. We were frustrated with the lack of understanding, certainty and flexibility offered within the industry. In short, we believed that we could build a better bank. And so, we did. We received our banking licence in 2021 and quickly grew our community of loyal business and personal customers, with the help of our dedicated, diverse, and expert team. Recognising our customers is at the heart of what we do. Today, our hard work and customer centricity is demonstrated by our excellent rating on Trustpilot. We offer a range of award-winning, secure FSCS protected savings accounts with competitive interest rates for individuals and businesses alike. Recognise Bank is authorised by the Prudential Regulatory Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). Our eligible saving products are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 for individuals and businesses and £170,000 for joint accounts. We also offer a range of specialist lending products, and we aim to be as flexible as possible with all of our offerings and services, no matter what your business needs. It’s why our customers, brokers and partners love working with us. 🌟 Rated ‘Excellent’ on Trustpilot 🌟 Rated 4.88/5 on Smart Money People 🌟 Rated 4.6/5 on Google 🏆‘Commended’ for the Best Business Variable Rate Deposit Account Provider at the 2024 Business Moneyfacts Awards 🥇Winner of the Best Monthly Interest Savings Provider at the 2024 Moneynet Personal Finance Awards