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- Tasks: Manage daily operations for Central Counterparty Clearing and Settlement Bank Services.
- Company: Join the Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy a full-time role with a structured shift pattern and opportunities for professional growth.
- Why this job: Be part of a diverse team that values your input and fosters personal and professional development.
- Qualifications: Degree in Finance, Economics, or Accounting; experience in payments or operations preferred.
- Other info: Fluency in Mandarin is a plus but not essential.
The predicted salary is between 36000 - 60000 £ per year.
Clearing & Payments department supports the Bank in a back office capacity, supporting the Bank's operational processing for various banking products, working with retail branches and front office teams to support London Branch and Subsidiary customers. As a Senior Assistant - CCP and Settlement Bank Services, you will be responsible for the day-to-day processes of Central Counterparty Clearing (CCP) and Settlement Bank Services. You will identify, report, escalate, and resolve problems arising during the daily operations. You will also be responsible for system testing and upgrading.
You will be working in an alternating weekly shift pattern (day shift 07:30-15:30, late shift 14:00-22:00, and regular shift 09:00-17:00). This is a full-time permanent role.
Key responsibilities- Collaborate with the team to ensure all the CCP and Settlement Bank Services daily tasks are processed correctly and to the satisfaction of clients and counterparties.
- Be an author, review, and assist in the production of relevant business standard operating procedures of CCP and Settlement Bank Services.
- Submit and articulate requirements to assist in upgrading the relevant systems where needed.
- Responsible for the relevant UAT and functional testing and implementation of bank systems.
- Assist in problem resolution during daily operations.
- Prepare business statistics for the team and department.
- Promote corporate (including trade finance) related products to potential clients.
- Produce performance reports from the database on a monthly basis.
- Daily record keeping and filing.
- Assist with projects where required.
- Ensure all operational work falls within the Bank's guidelines and policy.
- Degree educated in Finance, Economics, Accounting or other equivalent.
- Experience in similar business streams like payments and/or operations, ideally in Investment Banking or Retail Banking.
- Knowledge of MUREX, RTGS payment systems, SWIFT, Treasury Products, CCP portals, and manual operational processes is desirable.
- Knowledge of risk management including knowledge of collateral management workflows is desirable.
- Proficient in Microsoft Office, particularly in the use of MS Excel and MS Word.
- Commercial awareness.
- Team player.
- Excellent communication skills.
- Fluency in Mandarin is not required but preferred.
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing excellent financial service to the market and maintains its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branches in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy equal opportunities to grow both personally and professionally.
Senior Assistant - CCP and Settlement Bank Services employer: Bank of China
Contact Detail:
Bank of China Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Assistant - CCP and Settlement Bank Services
✨Tip Number 1
Familiarise yourself with the specific systems mentioned in the job description, such as MUREX and RTGS payment systems. Having a solid understanding of these platforms will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals already working in the Clearing & Payments department or similar roles. Engaging with them on platforms like LinkedIn can provide you with insider knowledge about the team dynamics and expectations, which can be invaluable during interviews.
✨Tip Number 3
Brush up on your problem-solving skills, as resolving issues during daily operations is a key responsibility. Consider preparing examples from your past experiences where you've successfully identified and resolved operational challenges.
✨Tip Number 4
Showcase your commercial awareness by staying updated on current trends in the banking sector, particularly in payments and operations. Being able to discuss recent developments or challenges in the industry during your interview will set you apart from other candidates.
We think you need these skills to ace Senior Assistant - CCP and Settlement Bank Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in payments and operations, particularly in Investment Banking or Retail Banking. Emphasise your familiarity with systems like MUREX and RTGS payment systems.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the Bank of China's values. Mention your degree in Finance, Economics, or Accounting, and how your skills align with the responsibilities of the Senior Assistant position.
Showcase Problem-Solving Skills: Provide examples in your application that demonstrate your ability to identify, report, and resolve issues during daily operations. This will show your potential employer that you can handle the challenges of the role effectively.
Highlight Team Collaboration: Since the role involves working closely with a team, include instances where you've successfully collaborated with others. This could be in producing standard operating procedures or assisting in projects, showcasing your team player attitude.
How to prepare for a job interview at Bank of China
✨Understand the Role
Make sure you have a clear understanding of the responsibilities of a Senior Assistant in CCP and Settlement Bank Services. Familiarise yourself with terms like Central Counterparty Clearing and the daily operations involved, as this will help you answer questions confidently.
✨Showcase Relevant Experience
Prepare to discuss your previous experience in payments or operations, especially within Investment or Retail Banking. Highlight specific examples where you've successfully resolved issues or improved processes, as this will demonstrate your capability for the role.
✨Demonstrate Team Collaboration
Since the role involves working closely with various teams, be ready to share examples of how you've effectively collaborated in past roles. Emphasise your communication skills and ability to work as part of a team to achieve common goals.
✨Prepare for System Knowledge Questions
Brush up on your knowledge of relevant systems such as MUREX, RTGS, and SWIFT. Be prepared to discuss how you've used these systems in your previous roles, as well as any experience you have with UAT and functional testing.
