Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support daily operations in payments and reconciliations for a leading bank.
- Company: Join the Bank of China, a global leader in financial services.
- Benefits: Enjoy flexible benefits, complimentary lunch, and retail discounts.
- Other info: Embrace a diverse culture and continuous learning for personal and professional development.
- Why this job: Gain invaluable experience in a dynamic banking environment with growth opportunities.
- Qualifications: Degree in Finance or related field; experience in payments and reconciliations preferred.
The predicted salary is between 30000 - 40000 ÂŁ per year.
The Clearing & Payments department supports the Bank in a back office capacity, supporting the bank’s operational processing for various banking products, working with retail branches and Front office teams to support London Branch and Subsidiary customers. As an Assistant - Payments & Reconciliations (Exchange Business Services), you will play a key role in ensuring the Bank meets its obligations as a clearing member and settlement bank. You will support with day-to-day operations and contribute to system testing and upgrade activities. This is a permanent full-time position.
Key responsibilities
- Ensure all daily tasks within Exchange Business Services are processed accurately and on time, and in line with client and counterparty expectations.
- Perform reconciliations, support payment processing activities, manage collateral, calculate collateral requirements for the Bank and its clients, and book trades into internal systems.
- Carry out RMB clearing business in extended service hours.
- Assist in the preparation and periodic review of standard operating procedures for CCP and Settlement Bank Services.
- Participate in User Acceptance Testing (UAT), functional testing, and the implementation of system updates.
- Support the resolution of issues identified during daily operations.
- Prepare business statistics (MI) for team and department.
- Be responsible for daily record keeping and filing.
- Liaise with other institutions within the group and related external third parties.
- Assist with projects where required.
The role requires working a shift pattern, including 07:30-15:30, 9:00-17:00, and 14:00-22:00, including some bank holidays.
Requirements
- Degree educated in Finance, Economics, Accounting or other relevant subject.
- Reconciliation and Payments experience within the Financial Services industry.
- Knowledge of Murex, RTGS payment systems, SWIFT, treasury products, and CCP portals.
- Familiarity with risk management, including collateral management workflows.
- Good numeracy skills.
- Good analytical and problem-solving skills.
- Excellent communication skills.
- Fluency in Mandarin is preferred.
- Proficient in MS Office (Word, Excel, PowerPoint, Access).
- Attention to detail.
- Team player with good interpersonal skills.
- Highly organised.
Working here
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintains its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branches in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy equal opportunities to grow both personally and professionally.
Learning and Development
We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through:
- Access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute.
- 24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge.
- Regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network.
- Exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile.
- Developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme.
- Encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week.
- Embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career.
- Promoting cross-cultural intelligence and seeking out diverse and inclusive perspectives on challenges faced and their solutions.
Benefits
We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suit your needs, including:
- Complimentary Lunch.
- Cycle to work scheme.
- Retail Discounts.
Assistant - Payments & Reconciliations (Exchange Business Services) in London employer: Placeholder Commercial Real Estate Platform
Contact Detail:
Placeholder Commercial Real Estate Platform Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant - Payments & Reconciliations (Exchange Business Services) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at the Bank of China. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of payments and reconciliations. Show us you know your stuff about Murex, SWIFT, and collateral management. Confidence is key!
✨Tip Number 3
Don’t forget to showcase your analytical skills during interviews. We love candidates who can solve problems on the spot, so be ready with examples of how you've tackled challenges in the past.
✨Tip Number 4
Apply through our website for a smoother process! It’s the best way to ensure your application gets noticed. Plus, you’ll find all the latest roles and updates there.
We think you need these skills to ace Assistant - Payments & Reconciliations (Exchange Business Services) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Assistant - Payments & Reconciliations. Highlight your relevant experience in reconciliation and payments, and don’t forget to mention any familiarity with Murex or SWIFT systems!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your skills align with the responsibilities listed in the job description. Keep it concise but impactful.
Show Off Your Analytical Skills: Since the role requires good analytical and problem-solving skills, be sure to include examples in your application that demonstrate these abilities. Whether it's a project or a specific task, show us how you tackled challenges effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining our team!
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Know Your Numbers
As an Assistant in Payments & Reconciliations, you'll need to demonstrate strong numeracy skills. Brush up on your financial calculations and be ready to discuss how you've handled reconciliations or payment processing in the past. Use specific examples to show your analytical prowess.
✨Familiarise with Key Systems
Make sure you understand the systems mentioned in the job description, like Murex and SWIFT. If you have experience with these, be prepared to talk about it. If not, do a bit of research to show your willingness to learn and adapt.
✨Highlight Teamwork Skills
This role requires excellent interpersonal skills and being a team player. Think of examples where you've successfully collaborated with others, especially in high-pressure situations. Be ready to explain how you contribute to a positive team dynamic.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially related to daily operations and issue resolution. Prepare by thinking through potential scenarios you might face in this role and how you would handle them effectively.