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 Custody Product Manager, you will be supporting the Custody Services team by being responsible for the product strategy and planning, product development, pricing and profitability, supporting sales and operations areas and in line with compliance needs for Custody Business. This is a full time permanent position.
Key Responsibilities
- Develop and execute the product strategy for the Custody Business department and aligning it with overall business objectives
- Conduct market research and analysis to identify opportunities for the product and service and investigating business opportunities internally across Front Office business lines
- Keep aligned with the market place to ensure a relevant and up to date service is provided to clients
- Define product and service requirements
- Monitor product performance and identifying areas for improvement on product features
- Develop and implementing pricing strategies for Custody Business
- Monitor product profitability, track revenue and cost performance
- Support the Relationship Managers/Sales areas with product expertise, training and client presentations
- Gather client feedback and understanding their needs to enhance the service
- Work closely with Compliance to ensure the product complies with all relevant regulations and industry standards
- Collaborate with global teams to ensure consistency and alignment with the services offered
- Drive an innovative custody product offering, exploring new service models and solutions
- Complete tasks and duties as assigned by the Team Lead or Head of Department for the continued efficiency of the department
Requirements
- Degree level educated in Finance, Banking or other related subjects
- Certifications related to custody or investment banking from CISI, such as the Investment Operations Certificate (IOC) is preferred
- Good level of experience in custody business (trading settlement/corporate action/tax) or related business experience
- Proven track record of successfully developing and managing custody products
- Strong academic background in investment, finance, economics or accounting
- Experience / knowledge of payment or clearing services
- Master MS-ACCESS or DATA BASE technology is priority
- Knowledge in SWIFT message 5XX
- Strong knowledge in CASS Rule
- Excellent communication skills
- Good communication skills and fluency in Mandarin is desirable
- Proficient in operating CREST or other CSD/ICSD systems
- Proficient in the use of Microsoft Office Visio applications
- Proficient in the use of MS Office (Word, Excel, PowerPoint)
- Good ability to multi task
- Team player
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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