At a Glance
- Tasks: Manage RMB clearing operations and ensure compliance with regulations while mitigating risks.
- Company: Dynamic banking institution focused on innovation and inclusivity.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Diverse workplace culture that values all backgrounds and perspectives.
- Why this job: Join a leading bank and make an impact in the fast-paced world of finance.
- Qualifications: Bachelor's degree in Finance or related field; experience in payments and risk management.
The predicted salary is between 60000 - 80000 £ per year.
Hybrid 1 day at home each week once probation is completed. Perm Start: ASAP
Mandarin both written and verbal to a native level.
Relevant level of Payments experience.
What You'll be Doing:
- You will ideally have excellent understanding of the management of RMB clearing as an RMB Clearing Bank and a Direct Participant of CIPS, establishing policy and procedures, able to support the 1st LOD in discovering, detecting, documenting, managing and mitigating risks.
- You will ideally be experienced in managing regulatory reporting related to RMB clearing, managing regulatory change projects; including but not limited to the upgrading of RMB clearing related systems and will be experienced in designing and developing the RMB clearing service alongside assisting with the marketing.
- Be fully aware of and implement RMB Clearing Bank and CIPS Direct Participant requirements.
- Formulate, review and update RMB clearing and CIPS management policies and procedures.
- Implement the risk control requirements related to RMB clearing business and CIPS.
- Monitor and manage RMB Clearing Bank and CIPS operational incidents.
- Responsible for RMB Clearing Bank and CIPS related regulatory reporting within required timelines.
- Ensure full compliance with the latest CIPS and RMB Clearing Bank rules and regulations.
- Analyse RMB clearing and CIPS activities, identify relevant risks and document.
- Assist 1st LOD to discover, detect, document, manage and mitigate RMB clearing and CIPS related risks across a full range of risk types.
- Prepare and manage questionnaires and survey responses for HO, CIPS and Regulators.
- Manage the RMB Clearing Bank working group across the bank; implementing KPIs related to RMB Clearing.
- Design and develop RMB clearing service, assist relevant departments with the service and management for participating banks and the marketing of RMB clearing service.
- Engagement in RMB clearing and CIPS related projects and service development.
- Collaborate with relevant teams to manage the whole life cycle of the upgrade of RMB clearing related systems.
- Collaborate with relevant teams to provide business statistics and reporting for MI purposes.
- Escalate to management of RMB Clearing related issues.
The Skills You'll Need to Succeed:
- Educated to Bachelor's Degree (preferable in Finance, Economics, Accounting).
- Specialist in risk management and financial products, services, process, especially in clearing and payments.
- Experience of Swift Payment Processing and relevant global Payment Schemes.
- Awareness of relevant legislations such as Consumer Duty, FCA and PRA Regulations.
- Solid experience of Swift payment processing and knowledge of international payments.
- Knowledge of SWIFT Payment messages in both MT and MX format (ISO20022).
- Awareness of Risk and Controls - Relevant 3LoD knowledge.
- Awareness of Sanctions policies.
- Experience of writing policies, procedures and training materials.
- CIPS Payment Processing and relevant global Payment schemes.
- Experience of building / testing / implementing SWIFT payments systems and project management.
- Relevant professional qualifications preferable.
People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status or whether or not they have a disability.
Banking Job - Assistant Vice President – RMB Clearing, Mandarin speaking - London - iw employer: First People Recruitment
As an Assistant Vice President in RMB Clearing, you will thrive in a dynamic and inclusive work environment that prioritises employee growth and development. With a hybrid working model allowing for flexibility, our London office fosters a collaborative culture where your expertise in payments and risk management will be valued and nurtured. Join us to be part of a forward-thinking team that is committed to excellence and innovation in the banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Banking Job - Assistant Vice President – RMB Clearing, Mandarin speaking - London - iw
✨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.
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Don’t shy away from reaching out directly to firms like First People Recruitment. 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 Banking Job - Assistant Vice President – RMB Clearing, Mandarin speaking - London - iw
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 First People Recruitment.
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 First People Recruitment'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 First People Recruitment
✨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 First People Recruitment.
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✨Network with Industry Professionals
Before your interview, reach out to current or former First People Recruitment 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.
