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- Tasks: Manage RMB clearing operations and ensure compliance with regulations while mitigating risks.
- 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 significant impact in the finance sector.
- Qualifications: Bachelor's degree in Finance or related field; experience in risk management and payment processing.
- Other info: Diverse workplace culture that values all backgrounds and perspectives.
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 in City of London 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 in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Interview
Prepare for your interview by researching the company and the role inside out. We recommend practising common interview questions and having some thoughtful questions ready to ask them. Show them you’re genuinely interested in the position and the company!
✨Showcase Your Skills
Don’t just tell them what you can do; show them! Bring examples of your work or case studies that highlight your experience in RMB clearing and risk management. We want to see how you’ve tackled challenges in the past and how you can bring that expertise to their team.
✨Apply Through Our Website
When you find a role that fits, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Assistant Vice President - RMB Clearing, Mandarin speaking in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Assistant Vice President in RMB Clearing. Highlight your experience with regulatory reporting and risk management, as these are key aspects of the job. We want to see how your skills align with 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 passionate about RMB clearing and how your background makes you a perfect fit. Don’t forget to mention your Mandarin skills – they’re a big plus for us!
Showcase Relevant Experience: When filling out your application, be sure to showcase any relevant experience you have with Swift payment processing and CIPS. We love seeing candidates who can demonstrate their knowledge of international payments and risk controls.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, you’ll find all the details you need about the role there!
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 requirements. Understand the policies, procedures, and risk management strategies that are crucial for the role. Being able to discuss these topics confidently will show that you're serious about the position.
✨Showcase Your Regulatory Reporting Skills
Prepare examples of your experience with regulatory reporting related to RMB clearing. Be ready to discuss how you've managed compliance with regulations like FCA and PRA. This will demonstrate your ability to handle the responsibilities of the role effectively.
✨Demonstrate Your Project Management Experience
Since the role involves managing regulatory change projects, think of specific instances where you've successfully led similar initiatives. Highlight your skills in building, testing, and implementing systems, especially in relation to SWIFT payments.
✨Practice Your Mandarin
As a Mandarin speaker, you'll want to ensure your language skills are sharp. Consider practicing common interview questions in Mandarin to showcase your fluency. This will not only impress your interviewers but also show your commitment to the role.