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Assistant Vice President - CHAPS CRM

Location London
Department Clearing and Payments
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

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 CRM, you will be responsible to support the team to take actions required as a Direct Participant of CHAPS. You will be experienced in managing regulatory reporting projects including but not limited to CHAPS annual attestation. Project management experience including network management, management reporting and problem solving skills are essential in this role. You will also be experienced across a full range of risk types and will be able to support the first line of defence (1LoD) in discovering, detecting, documenting, managing and mitigating risks. 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
  • Assist to discover, detect, document, manage and mitigate CHAPS related full range of risk types across 1LoD
  • Maintain and apply RACI and Assumptions for the CHAPS Attestation Working Group and Project Steering Committee Complete CHAPS Compliance analysis, thus developing suitable controls and remediation action
  • Prepare CHAPS questionnaire responses and Compliance Certificate
  • Ensure the capture of statistical information and evidencing for reporting and MI purposes
  • Represent and attend relevant internal committee meetings relevant to CHAPS and CRM
  • Ensure close monitoring of all CHAPS and regulatory changes
  • Regularly review, revise and document established related business procedures
  • Uphold high customer satisfaction standards
  • Coordinating across the three line of defences to ensure project tasks are completed in a timely manner
  • Liaise with internal and external auditors
  • Establish a professional and mutually beneficial working relationship with cross functional teams to ensure the Bank can achieve business targets set by Head Office

Requirements

  • Degree educated in Finance, Accounting or other equivalent
  • Advanced knowledge and solid experience within the Financial Services sector processing payments within the UK using CHAPS and SWIFT
  • Competent with all relevant legislations such as Consumer Duty, FCA and PRA regulations
  • Knowledge of three lines of defence (3LoD) model
  • Risk and controls experience is preferred
  • Project Management experience, qualification such as Prince2 is a plus
  • Advanced MS Excel, Word and Access skills
  • A problem solver, someone who can use their initiative to achieve and drive the team forward
  • Capable of working in a fast paced environment, whilst being able to deliver high quality
  • Solid analytical skills
  • Detail oriented  
  • Excellent organisation skills
  • Team player
  • Adaptable to change
  • Excellent communication skills with ability to communicate effectively with both IT and non-IT audiences
  • Flexible with working hours

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: 

Celine Luo
Assistant Vice President, Financial Crime and Compliance

Bank of China is a great platform for everyone who wants to gain different knowledge and self-development. I started as a Junior Associate and had the opportunities to gain invaluable working experience in two different departments. I am happily working here, as an Assistant Vice President in the Financial Crime and Compliance department. I believe I will continue to grow here, not only in my career development but also in my personal wellbeing.

Daniel Shulakov
Senior Associate,
Credit Management

I joined Bank of China as a university graduate and I believe I have found the best place for me. From the first day my priority was always to learn. This was quickly recognised by my department, which provided me with the platform to grow, and my colleagues have been very helpful in the guidance they have provided me with along my journey. There are ample opportunities to grow with the Bank and it all depends on how much one would like to develop themselves.

Rita Cobbold
Vice President – Head of Customer Due Diligence, CFU Middle Office

I have been working at Bank of China for almost 8 years. In March 2022 I was promoted to VP - Head of Customer Due Diligence and I lead the CDD Unit. There are so many great things about working for the company. My favourite is probably the Bank’s commitment to identifying talent and nurturing them to develop into great leaders. The Bank embraces employees of all experience levels, backgrounds, and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. Working here has really enhanced my knowledge, my understanding of different cultures, leadership skills and a sense of direction for the future.

Jamie Robinson
Assistant Vice President – Sales, Financial Markets

As a 20-year veteran at Bank of China, I have seen huge growth and progress within that time. Through hard work and perseverance, I was given the opportunity to progress through the ranks, utilising the training and development facilities and absorbing the experience from a diverse range of colleagues. This has been invaluable to develop my soft skills and become a well-rounded professional.

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