Banking Job – Assistant Vice President – RMB Clearing, Mandarin speaking – London – iw

Overview

As Assistant Vice President, you will oversee RMB clearing management within a Chinese-focused financial operations context, ensuring policy adherence and risk control. You will work with cross-functional teams to develop the RMB clearing service and manage regulatory reporting and system upgrades. The role sits at the intersection of risk, compliance, and service development for RMB clearing and CIPS Direct Participant requirements. This is a strategic position for shaping RMB clearing operations and market-facing services in a regulated environment. You will engage with stakeholders across the bank to drive compliant, efficient, and scalable RMB clearing processes.

Pay / Benefits

• hybrid work model
• competitive salary

Responsibilities

• Formulate and update RMB clearing and CIPS policies and procedures
• Implement risk control requirements for RMB clearing and CIPS
• Oversee regulatory reporting and compliance with RMB clearing rules
• Manage RMB Clearing Bank and CIPS incidents and service upgrades
• Collaborate on design, development, and marketing of RMB clearing services
• Coordinate with teams on system upgrades and MI reporting
• Lead RMB clearing risk discovery and liaise with 1st Line of Defense
• Manage working group KPIs for RMB Clearing
• Engage in projects related to RMB clearing service development and governance
• Prepare responses for HO, CIPS, and Regulators

Key requirements

• Mandarin written and verbal fluency to native level
• Relevant level of payments experience
• Experience with Swift payment processing and global payment schemes
• Knowledge of SWIFT MT/MX messages and ISO20022
• Awareness of FCA, PRA regulations and consumer duties
• Experience in regulatory reporting and risk management (3LoD)
• Policy writing and training material development experience
• Experience with RMB clearing and CIPS regulatory requirements
• Project management experience in system upgrades or service development
• Eligibility to work in the UK

• Strong communication and stakeholder management
• Attention to detail and analytical thinking
• Collaborative and cross-functional teamwork
• RMB clearing operations
• CIPS Direct Participant requirements
• RMB clearing policy development

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