At a Glance
- Tasks: Support operations and key projects in the Custody Services team.
- Company: Join Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Full-time permanent position with opportunities for personal and professional growth.
- Other info: Fluency in Mandarin is a plus; excellent communication and organisational skills required.
- Why this job: Be part of a dynamic team enhancing financial services and client experiences.
- Qualifications: Degree in Finance or related field; experience in Custody business preferred.
The predicted salary is between 30000 - 40000 £ per year.
Custody Business function aims to expand Bank of China (BOC) Group's network of UK sub-custodians to increase BOC London Branch's Assets under Custody, while also collaborating with other market infrastructure providers (ICSDs) to build BOC London Branch's market capabilities. The Function is responsible for Sales, Marketing, Product Development, Pricing and Operations Processing. Custody Services team is responsible for the safekeeping and administration of financial assets, primarily by financial institutions like banks or trust companies, on behalf of individuals or institutions. As an Associate – Custody Business Operations, you will support the Custody Services team's operations and key projects. You will play an active role in supporting the growth and development of the Custody Services team's products and capabilities. This is a full time permanent position.
Key Responsibilities
- Execute and monitor custody-related trade instructions, including settlement of securities transactions, ensuring timely and accurate processing while adhering to market deadlines and regulatory requirements.
- Manage corporate action events, ensuring accurate client entitlements and timely communication.
- Perform daily operational controls, reconciliations and checklists.
- Process payments associated with Custody Business.
- Investigate operational breaks, failed settlements, reconciliation exceptions, and payment discrepancies, coordinating with internal stakeholders and external counterparties to achieve timely resolution.
- Ensure adherence to control obligations, demonstrating understanding, awareness and proactive management of operational risk.
- Support with project coordination responsibilities.
- Organise project-related meetings with internal and external stakeholders.
- Identify opportunities to enhance existing processes, systems, and client experience.
- Support the team with creation and execution of test cases and testing documents.
- Capture statistical information for reporting and Management Information.
- Investigate and resolve any processing issues and general queries.
Requirements
- Degree level educated in Finance, Economics, Accounting, or other relevant subject.
- Experience in Custody business (Trading Settlement/Corporate Action) or related business experience in the Financial Services, ideally within Banking.
- Experience or knowledge of Custody Payments or Clearing Services is preferred.
- Excellent communication skills.
- Fluency in Mandarin is preferred.
- Highly organised and able to multi-task.
- Able to work in a fast paced environment whilst being able to deliver high quality work.
- Proficient in the use of MS Office (Word, Excel, PowerPoint).
- Proactive team player.
- Attention to detail.
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain 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 branch 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 the equal opportunities to grow both personally and professionally.
Associate - Custody Business Operations employer: Bank of China (UK) Limited
Bank of China London Branch is an exceptional employer, offering a dynamic work environment that fosters professional growth and inclusivity. With over 90 years of presence in the UK, employees benefit from a diverse culture, opportunities for career advancement, and the chance to contribute to innovative projects within the Custody Services team. The bank's commitment to employee development and its collaborative atmosphere make it an attractive place for those seeking meaningful and rewarding careers in the financial services sector.
Contact Details:
Bank of China (UK) Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Associate - Custody Business Operations
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We think you need these skills to ace Associate - Custody Business Operations
Some tips for your application 🫡
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How to prepare for a job interview at Bank of China (UK) Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of China (UK) Limited.
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