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- Tasks: Manage RMB clearing operations and support risk management initiatives.
- Company: Dynamic financial institution focused on innovation and inclusivity.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Why this job: Join a leading team in RMB clearing and make a real impact in finance.
- Qualifications: Bachelor's degree in Finance or related field; experience in risk management and payments.
- Other info: Diverse workplace culture welcoming all qualified candidates.
The predicted salary is between 60000 - 80000 £ per year.
Salary: Competitive
Hybrid: 1 day at home each week once probation is completed.
Contract: Permanent
Start: ASAP
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.
Assistant Vice President - RMB Clearing, Mandarin speaking employer: People First (Recruitment) Ltd
Contact Detail:
People First (Recruitment) Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President - RMB Clearing, Mandarin speaking
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in RMB clearing or related fields. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of CIPS and RMB clearing. We recommend creating a list of potential questions and practicing your answers. Confidence is key!
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work or projects related to risk management and regulatory reporting. This will help you stand out and demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Assistant Vice President - RMB Clearing, Mandarin speaking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Assistant Vice President - RMB Clearing. Highlight your experience with RMB clearing, regulatory reporting, and risk management. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your Mandarin skills and any relevant experience in managing regulatory change projects. Let us know what excites you about working with us!
Showcase Relevant Experience: When filling out your application, be sure to showcase your experience with Swift payment processing and international payments. We’re keen on seeing how your background aligns with our needs in the RMB clearing space.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at People First (Recruitment) Ltd
✨Know Your RMB Clearing Inside Out
Make sure you brush up on your knowledge of RMB clearing and CIPS. Understand the policies, procedures, and regulations that govern these areas. Being able to discuss specific examples of how you've managed risks or implemented changes in previous roles will show you're not just familiar with the concepts but have practical experience too.
✨Showcase Your Mandarin Skills
Since this role requires Mandarin speaking, be prepared to demonstrate your language skills during the interview. You might be asked to answer questions or discuss scenarios in Mandarin, so practice speaking about your professional experiences in the language to ensure you're comfortable and fluent.
✨Prepare for Regulatory Questions
Expect questions related to regulatory reporting and compliance. Familiarise yourself with relevant legislation like FCA and PRA regulations. Be ready to discuss how you've handled regulatory changes in the past and how you would approach similar situations in this role.
✨Engage with Real-Life Scenarios
Think of specific challenges you've faced in risk management or payment processing and how you overcame them. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you convey your problem-solving skills effectively and show that you can handle the responsibilities of the role.