At a Glance
- Tasks: Prepare and submit financial reports, support budgeting, and improve processes.
- Company: Dynamic bank with a focus on financial management and innovation.
- Benefits: Full-time permanent position with opportunities for career growth.
- Other info: Join a fast-paced environment and mentor junior staff.
- Why this job: Make an impact in financial decision-making while developing your skills.
- Qualifications: Degree in Finance or Accounting; experience in Management Accounting preferred.
The predicted salary is between 40000 - 50000 £ per year.
The Financial Management department is in charge of planning, organizing, directing and controlling the financial activities of the bank. The department performs a variety of financial functions, including accounting and financial reporting, fixed assets and expenses management, budget and management reporting, taxation (indirect and direct), regulatory reporting and treasury (asset and liability management).
As a Management Reporting Analyst - Mandarin Speaking, you will be responsible for the preparation and submission of various Management Information (MI) reports to the Financial Management department, other departments in the Bank, the Management Team and the Board for the Bank’s London Branch and UK subsidiary. You will play an important role in providing accurate and sound management reporting to assist with key decision making. This is a full time permanent position.
Key responsibilities:- Ensure accurate reports to Head Office, including monthly financial analysis reports and expense reports, and resolve follow-up queries.
- Prepare various internal financial analysis reports, including daily variance dashboard, profit-by-client analysis, swap analysis, Net Interest Income (NII)/Net Interest Margin (NIM) analysis by department, and departmental expense analysis report for Senior Management.
- Support with income/profit forecasting and budgeting tasks.
- Prepare and manage AOC (Advisory and Oversight Committee) reports, ensuring compliance and accuracy for audit purposes.
- Ensure continuous improvement of processes and controls through critical assessment of existing workflows and effective implementation of procedural changes.
- Build effective working relationships with the wider Bank as well as within the team, including mentoring junior staff members.
- Support with Management Information (MI) automation projects to support decision-making through financial analysis and insights.
- Support the department to improve policies and procedures.
- Degree educated in Finance, Accounting, Business or relevant subjects.
- Qualified/partly Qualified accountant (ACA, ACCA, CIMA).
- Proven track record in similar business area preferably within Financial Services or Banking.
- Demonstrated experience in Management Accounting.
- Excellent English and Mandarin communication skills.
- Proficient in MS Office particularly in the use of Excel, Access and PowerPoint.
- Excellent logical and analytical skills.
- Able to work in a fast paced environment.
Associate - Custody Business Operations employer: Bank of China
As an Associate in Custody Business Operations at our London Branch, you will join a dynamic and supportive team within the Financial Management department, where your contributions directly influence key decision-making processes. We pride ourselves on fostering a collaborative work culture that encourages professional growth through mentorship and continuous improvement initiatives, while also offering competitive benefits and a commitment to work-life balance. With opportunities for career advancement and involvement in impactful financial projects, this role is perfect for those seeking meaningful employment in a thriving banking environment.
StudySmarter Expert Advice🤫
We think this is how you could land Associate - Custody Business Operations
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of China. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate - Custody Business Operations
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Bank of China.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of China's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Bank of China
✨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.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bank of China will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of China employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
