Industrial and Commercial Bank of China (ICBC) Frankfurt Branch was established in June 1999, which holds the universal bank license of Germany and is a correspondent bank for first class clearing of Euro and a member of the Target2 and SEPA of the Euro Clearing System. ICBC Frankfurt Branch is also the Euro Clearing Center of ICBC Group. We’re currently looking for:

QUALIFICATIONS AND SKILLS:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 0-2 years of experience in banking operations, clearing, settlement, or payment processing. Internships or relevant coursework are considered valuable.
• High attention to detail with the ability to identify discrepancies and assist in analyzing financial data.
• Strong written and verbal communication skills in English.
• Organizational skills with the ability to manage multiple tasks, meet deadlines, and work effectively in a team-oriented environment.
• A strong desire to learn and grow in the field of banking operations and regulatory compliance.

ROLE OVERVIEW:

The Junior Clearing Business Processing Manager will assist in managing the clearing operations within the ICBC group, including Euro and foreign currency transactions. This role involves supporting payment settlements, ensuring compliance with regulatory standards, and contributing to various aspects of correspondent banking. This position is ideal for candidates with a foundational understanding of financial operations and a desire to grow in the field of banking.

RESPONSIBILITIES AND TASKS:

• Oversee payment settlement through local payment channels such as TARGET2 and SPEA.
• Confirm debit positions, process related clearing fees, and select appropriate clearing channels.
• Handle manual processing and settlement of incoming Euro and foreign currency payments.
• Ensure compliance with regulatory standards, including anti-money laundering (AML) and reporting of suspicious transactions, prepare and submit reports accordingly.
• Facilitate fund clearing for financial transactions, trade finance, and asset management.
• Oversee the settlement of funds in Euros and other currencies for the branch’s transactions and customer remittances.
• Manage settlements in Euros and other currencies for branch transactions and customer remittances.
• Handle inter-bank clearing fee settlements and follow up on pending inquiries.
• Oversee international credit card settlements with MasterCard and Visa, representing the ICBC head office in Euro fund operations.
• Manage the opening, maintenance, and closure of correspondent bank accounts within the ICBC group.
• Support ICBC European institutions in joining local Euro clearing organizations.
• Prepare statistical reports on clearing operations to support business development.