The 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.
The Custodian 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 a Senior Vice President - Custody Services, your responsibility is to develop the Custody Business and to support the daily operations. This is a full time permanent position.
Key Responsibilities
- Daily supervision and oversight of trade capture and settlement of all activity for BOC’s custody clients
- Accurate and timely processing of all corporate actions and income events
- Provision of all client reporting in an accurate and timely fashion, ensuring that client service expectations are met
- Ensure all control obligations for the function (reconciliations, exception handling, data management) are performed appropriately
- Maintain a robust and well controlled risk environment, through demonstrating understanding, awareness and proactive management of the distinct types of operation risk
- Ensure adherence to all compliance obligations under relevant regulatory regimes pertaining to custody provision (e.g. CASS, MiFiD II) and support on developing and updating relevant policies and procedures in accordance with Head Office and regulatory requirements and oversee implementation and compliance of them
- Ensure adherence to compliance, conduct and risk appetite expectations as defined by senior management
- Support the Head of Department with client marketing and business development, including coordination with Head Office and different business lines within the Bank
- Support ongoing development of the custody services offering and acting as an external liaison for custodians and clients
- Daily management and oversight for the custodial services team, alongside ongoing personal development for the individuals within it
- Take ownership of the Bank’s custodian product including product development (product design, system enhancement), customer service, sub-custodian network management (vendor management) and other related responsibilities
- Act as product specialist from a technical perspective to support development and attend relevant client meetings as and when required
- Deputise for the Head of Department when required
Requirements
- Degree level educated in Finance, Banking or other related subject
- Experienced working with Board and Executive level stakeholders and track record of building robust trusted working relationships with senior stakeholders
- Demonstrated people management experience
- Excellent work experience within the Financial Services industry
- Proven experience in custodial services business in an operational or business development role and ideally both sides
- Good understanding of the Three Lines of Defence Risk Management model
- Demonstrated knowledge of the UK regulatory environment
- Excellent communication skills, including the ability to present complex information clearly and accurately
- Fluency in Mandarin is desirable
- Ability and track record of working collaboratively in a team
- Client focused and results focused
- Proven ability to implement and deliver on a project plan with business targets
- Professional work ethic with drive and ambition
Working here
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.
Learning and Development
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:
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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
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24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge
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regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network
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exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile
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developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme
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encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week
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embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career
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promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions
Benefits
We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:
Complimentary
Lunch
Cycle to
work scheme
Retail
Discounts
Meet our People
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.
Ashley Watson
AVP – Security Operations & Risk Manager, General Administration
Over the past four years at Bank of China UK, I have had the opportunity to grow both professionally and personally in my role as the Security Operations and Risk Manager. My role involves safeguarding the bank’s operations through robust risk management and proactive security strategies. Every day brings new challenges, and the dynamic nature of the role keeps me engaged and motivated. One of the most rewarding aspects of working here is being part of a truly diverse and multicultural environment. Collaborating with colleagues from different backgrounds has broadened my perspective and enriched both my professional and personal experiences.
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