Banking Job - Assistant Vice President – RMB Clearing, Mandarin speaking iw

Competitive Permanent Central  London Ref: 23367

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Your New

Job Title:

Assistant Vice President – RMB Clearing, Mandarin speaking

The Skills You'll Need:
Fluent Mandarin, relevant level of Payments experience

Your New Salary:
Competitive Hybrid 1 day at home each week once probation is completed.

Perm Start: ASAPTo be successful in this role our client has said it is essential that candidates:have Mandarin both written and verbal to a native levelhave relevant level of Payments experience

If that means this job isn’t a match for you please view our other vacancies for one that may be a better fit.

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  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 CIPSMonitor 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 (ISO
20022)
Awareness of Risk and Controls - Relevant 3

LoD knowledge

Awareness of Sanctions policies

Experience of writing policies, procedures and training materialsCIPS Payment Processing and relevant global Payment schemes

Experience of building / testing / implementing SWIFT payments systems and project management

Relevant professional qualifications preferable

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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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