Job Description

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 an Assistant 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.

Key responsibilities

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 (1LoD) 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

Requirements

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 (ISO20022) 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 (3LoD) 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.