Jobs Explained: Payments Project Manager

17 February 2021

Headcount Jobs Explained Template Project Manager

What is a Project Manager? How much do Project Managers earn? How do you get your first job as a Project Manager and what is the long-term career potential? In this jobs explained profile we explore everything you need to know about Project Managers in the payments industry.

 

What is a Payments Project Manager?

Project Managers working in the payments industry are responsible for planning, organizing, and directing the completion of specific Projects for an organization while ensuring these Projects are on time, on budget, and within scope.

The Payments Project Manager, similar roles and job hybrids:

  • Business Analyst

  • Product Delivery

  • PMO Lead

  • Implementation Manager 

What does a Payments Project Manager do?

The main responsibility of any Project Manager is to manage Projects, people, and expectations. Payments Project Managers can expect to manage payments related Projects such as the launch of new tech products for their employers ensuring Projects match agreed upon schedules, costs and scope. They will liaise with all relevant departments to ensure Projects are delivered on time. They may prepare presentations, briefings or reports for senior management or key stakeholders.  

Pros

Cons

  • Interacting with people from diverse backgrounds

  • Seeing a plan you developed come together

  • Creating something from nothing

  • Empowering teams

  • Building relationships

  • Delivering business value

  • Delegating work

  • Payments is a very innovative and creative industry

  • Lack of hierarchical authority

  • Full accountability

  • Managing stakeholders

  • Keeping people on track

  • Dealing with uncertainty

  • A lot of guesswork and estimation can be involved

How much do Payments Project Managers earn?

Junior Project Managers can average £35k – 40k while mid-level positions - requiring more experience can expect to earn between £55k-60k. Senior Project Managers can command a salary between £65-80k+.

 What skills and qualifications do you need to become a Payments Project Manager?

  • Strong background in Project Management.

  • Extensive knowledge of the payment industry.

  • Proven record of implementing Projects in IT (cards, banking and payments will be the benefit.

  • Technical knowledge of Project, program and portfolio management techniques and methodologies, PMBOK, PRINCE2, Agile etc.

  • Organized, fast paced, process oriented and flexible – willingness to assume multiple roles and tasks to meet changing business needs.

  • Excellent writing and presentation skills.

  • Strong interpersonal skills with the ability to build strong working relationships and communicate with colleagues at all levels.

  • Highly developed cultural sensitivity in communicating with all levels of staff and external clients, both orally and in writing.

  • Good problem-solving aptitude and creativity.

  • MS Project Office.

  • MS Word, Excel, Power Point, Visio.

 

How do I get a job as a Payments Project Manager?

Becoming a Payments Project Manager requires a good deal of experience in both management and the payments industry roles. You’ll find Payment Project Manager jobs advertised online, including junior, mid-level and senior positions. Be sure to include all relevant qualifications and experience when writing your CV - and don’t forget to send us a copy too, as we often have exclusive and unadvertised Project Manager jobs.