Senior Officer - CHAPS CRM

at  Bank Of China

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 Senior Officer - CHAPS CRM, you will be responsible to take actions required as a Direct Participant of CHAPS. You will be experienced in supporting and managing regulatory reporting projects including but not limited to CHAPS annual attestation. This is a full time permanent role.

REQUIREMENTS

• Degree educated in Finance, Economics, Accounting or other equivalent
• Experience within the Financial Services industry and proven track record in similar business stream
• Experience of SWIFT and CHAPS payment processing and relevant global payment schemes
• Experienced in SWIFT Payment Messages both MT and MX (ISO20022) is desirable
• Project management experience
• Risk and controls experience
• Knowledge of relevant legislations such as Consumer Duty, FCA and PRA regulations
• A problem solver, someone who can use their initiative to resolve queries
• 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
• Good MS Excel skills
• Excellent communication skills with the 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

• Document appropriate controls based on regulatory needs and assessing the effectiveness of such controls by conducting control testing
• Coordinate across three lines of defence to ensure project task is completed in a timely manner
• Prepare and manage questionnaire responses from Bank of England
• Prepare regular reports for Head of Department and Senior Management when required
• Complete CHAPS Compliance analysis, thus developing suitable controls and remediation action
• Analyse CHAPS activities, identify relevant risks and document them
• Assist to discover, detect, document, manage and mitigate CHAPS related full range of risk types
• Provide support for the first line of defence (1LoD) to identify risks as well as document and manage them. Provide assistance in designing controls and testing their effectiveness
• Assist to complete CHAPS Quarterly RCSA
• Support CHAPS morning and late shift including extensions as CHAPS Operator
• Maintain full knowledge of all CHAPS manuals, rules and updates
• Assist CHAPS representatives to ensure our full compliance with the latest published CHAPS rules and regulations
• Liaise with internal and external auditors
• Participate in any CHAPS related projects and product development to ensure business requirements are met
• Escalate operational processing issues and general payment queries when required