At a Glance
- Tasks: Support regulatory reporting and collateral management for a leading financial institution.
- Company: Join the Bank of China, a global leader in financial services.
- Benefits: Full-time permanent position with competitive salary and career growth opportunities.
- Other info: Fast-paced environment with opportunities to collaborate and innovate.
- Why this job: Make an impact in financial markets while utilising your Mandarin skills.
- Qualifications: Degree in Banking or Finance, with experience in transaction reporting and strong communication skills.
The predicted salary is between 55000 - 65000 £ per year.
Financial Markets Middle Office department cooperates with Head Office to conduct market, credit, operational risk monitoring and reporting of London Trading Centre and Global Financial Markets (GFM) in Bank of China (BOC) London Branch and Bank of China (UK) Limited, and other overseas branches to meet the relevant policies and requirements in respect of risk framework establishment and implementation. As a Senior Associate Transaction Reporting - Mandarin Speaking, you will support the Bank in meeting its regulatory reporting obligations under EMIR/EMIR Refit, MiFID II, MiFIR, and other regulations. You will be responsible for the submission of transaction reports for the Bank and the London Trading Centre's bilateral trades, including delegated reporting on behalf of clients. You will also be responsible for the collateral management operations relating to ISDA/CSA, GMRA/MRA and other bilateral margin agreements for the Bank and Head Office. This is a full time permanent position.
Key responsibilities
- Perform daily regulatory transaction reporting activities under MiFID II, EMIR and other regulations where applicable.
- Monitor transaction reports and remediate errors and exceptions by investigating root causes, correcting data issues and resubmitting reports when required.
- Perform collateral management activities for Financial Institution (FI) and Corporate clients, including valuation, margin calls, reconciliations and dispute resolution.
- Undertake collateral management operations with FI counterparties in the EU time zone on behalf of Head Office.
- Collaborate with relevant stakeholders to enhance the Bank’s transaction reporting framework, policies and procedures.
- Liaise between business and technical teams, supporting translation of business and regulatory requirements into detailed technical requirements.
- Support with improvements to internal systems impacting reporting.
- Coordinate with internal stakeholders and liaise with third parties/vendors to support system development, improvement, testing and tracking issues.
- Prepare Management Information (MI) when required.
- Provide backup support for other teams and team members as required.
Requirements
- Degree educated preferably in Banking, Finance, or other relevant subject.
- Proven track record in similar business stream, ideally gained within the Financial Services or Banking sector.
- Experience in IT implementation is preferable.
- Good knowledge of transaction reporting regulations including EMIR, MiFID, and SFTR and the associated data, systems and reporting flows.
- Knowledge of Banking products is preferable.
- Excellent English and Mandarin communication skills.
- Advanced Excel and coding skills (e.g. VBA, Macros) are preferable.
- Able to explain complex business and/or technical concepts to stakeholders across a wide spectrum of business areas.
- Highly organised and able to multi-task.
- Able to work in a fast paced environment that requires an agile approach to recommending solutions.
Senior Associate Transaction Reporting - Mandarin Speaking in London employer: Bank of China
At Bank of China (UK) Limited, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. Our London Branch offers employees the opportunity to engage in meaningful work within the dynamic Financial Markets sector, while benefiting from comprehensive training and development programmes that support career growth. With a commitment to employee well-being and a focus on innovation, we provide a unique environment where your contributions are valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate Transaction Reporting - Mandarin Speaking in London
✨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 Senior Associate Transaction Reporting - Mandarin Speaking in London
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.
