Vice President - CHAPS Administration & Assurance

About the role

Clearing & Payments department supports the Bank in a back office capacity, supporting the Bank's operational processing for various banking product, working with retail branches and front office teams to support London Branch and Subsidiary customers. As a Vice President - CHAPS Administration & CRM Assurance, you will advise the Team to take actions required as a Direct Participant of CHAPS.

You will be experienced in managing CHAPS rules and obligations gained within a CHAPS Direct Participant setting and in managing regulatory change projects, including but not limited to the CHAPS annual attestations. This is a full time permanent role.

• Document appropriate controls based on regulatory needs and assessing the effectiveness of such controls by conducting control testing
• Engage with internal and external auditors as well as the Bank of England
• Prepare and manage questionnaire and survey responses for Bank of England
• Complete CHAPS Compliance analysis, developing suitable controls and remediation actions
• Coordinate across the three lines of defence to ensure tasks are completed within deadlines
• Support CHAPS monitoring shifts on a rotation basis for morning and evening shift including extensions as required as a nominated CHAPS operator
• Provide support for first line of defence (1
  
  LoD) to identify risks; document and manage these risks
• Maintain and monitor Assurance progress to ensure timelines are adhered to
• Perform pre and post Assurance project analysis for application in subsequent annual attestations

• Degree educated in Finance, Economics, Accounting or Business
• Bank of England CHAPS Participant Engagement Forum (PEF) experience
• Solid experience of the UK CHAPS Payment scheme gained through CHAPS direct participation
• Experience of SWIFT and CHAPS Payment Processing and relevant global Payment Schemes
• CHAPS Service and CHAPS CRM expertise is essential
• Experience in SWIFT payment messages both MT and MX (ISO
  20022)
• Good knowledge of CHAPS Reference Manual requirements and other associated CHAPS user documents available to Direct Participants
• Risk and controls experience with relevant third line of defence (3
  
  LoD)
• Knowledge of relevant legislations such as Consumer Duty, FCA and PRA regulations
• Project management experience including network management and management reporting
• A problem solver, someone who can use their initiative to resolve queries
• Solid analytical skills
• Good numeracy skills
• Detail oriented
• Excellent organisation skills and capable of working in a fast paced environment whilst being able to deliver high quality
• Team player
• Advanced MS Office skills (Word, Excel, PowerPoint)

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 maintain 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 branch 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 the equal opportunities to grow both personally and professionally.

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 to seek out diverse and inclusive perspectives on challenges faced and their solutions

We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:

• Private Healthcare
• Pension
• Employee Assistance Programme
• Complimentary Lunch
• Cycle to work scheme
• Retail Discounts

Celine Luo

Assistant Vice President, Financial Crime and Compliance

Bank of China is a great platform for everyone who wants to gain different…