Custody Business function aims to expand Bank of China (BOC) Group’s network of UK sub-custodians to increase BOC London Branch’s Assets under Custody, while also collaborating with other market infrastructure providers (ICSDs) to build BOC London Branch’s market capabilities. The Function is responsible for Sales, Marketing, Product Development, Pricing and Operations Processing.

Custody Services team is responsible for the safekeeping and administration of financial assets, primarily by financial institutions like banks or trust companies, on behalf of individuals or institutions. As an Associate – Custody Business Operations, you will support the Custody Services team’ operations and key projects. You will play an active role in supporting the growth and development of the Custody Services team’s products and capabilities. This is a full time permanent position.

Key Responsibilities

Execute and monitor custody-related trade instructions, including settlement of securities transactions, ensuring timely and accurate processing while adhering to market deadlines and regulatory requirements
Manage corporate action events, ensuring accurate client entitlements and timely communication
Perform daily operational controls, reconciliations and checklists
Process payments associated with Custody Business
Investigate operational breaks, failed settlements, reconciliation exceptions, and payment discrepancies, coordinating with internal stakeholders and external counterparties to achieve timely resolution
Ensure adherence to control obligations, demonstrating understanding, awareness and proactive management of operational risk
Support with project coordination responsibilities
Organise project-related meetings with internal and external stakeholders
Support the team with creation and execution of test cases and testing documents
Identify opportunities to enhance existing processes, systems, and client experience
Support the team with creation and execution of test cases and testing documents
Capture statistical information for reporting and Management Information
Investigate and resolve any processing issues and general queries

Requirements

Degree level educated in Finance, Economics, Accounting, or other relevant subject
Experience in Custody business (Trading Settlement/Corporate Action) or related business experience in the Financial Services, ideally within Banking
Experience or knowledge of Custody Payments or Clearing Services is preferred
Excellent communication skills
Fluency in Mandarin is preferred
Highly organised and able to multi-task
Able to work in a fast paced environment whilst being able to deliver high quality work
Proficient in the use of MS Office (Word, Excel, PowerPoint)
Proactive team player
Attention to detail

Bank of China

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Associate - Custody Business Operations