Clearing Business Analyst (m/f/d)

ICBC Frankfurt Branch; Frankfurt; On-site; EUR 45,000 - 65,000; Full time

Job summary

ICBC Frankfurt Branch is seeking a Clearing Business Analyst to support clearing operations for Euro and foreign currency transactions. You will assist in payment settlements, regulatory compliance, and reports across the group, with exposure to cross-border corporate banking in Frankfurt.

The role requires a Bachelor's degree and 0–2 years in banking operations, with strong English and Chinese communication and meticulous data analysis.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• 0-2 years of banking operations, clearing, settlement or payment processing preferred.
• High attention to detail with ability to identify discrepancies and analyze data.
• Strong written and verbal communication in English and Chinese.
• Organizational skills to manage multiple tasks and meet deadlines.

Responsibilities

• Oversee payment settlement through local channels like TARGET2 and SPEA.
• Confirm debit positions, process clearing fees, and select channels.
• Handle manual settlement of incoming Euro and foreign currency payments.
• Ensure AML compliance and prepare/submita required reports.
• Facilitate fund clearing for transactions, trade finance and asset management.
• Oversee Euro and other currency settlements for branch Transactions.
• Manage settlements for inter-bank and customer remittances.
• Oversee international card settlements with MasterCard and Visa for ICBC.
• Open, maintain and close correspondent bank accounts within ICBC group.
• Support ICBC European institutions joining local Euro clearing organizations.
• Prepare statistical reports to support business development.

Skills

Attention to detail

Communication skills

Teamwork

English and Chinese

Education

Bachelor's degree in Finance/Accounting/Economics

Job description

Role Overview:

The Clearing Business Analyst will assist in managing the clearing operations within the ICBC group, including Euro and foreign currency transactions. This role involves supporting payment settlements, ensuring compliance with regulatory standards, and contributing to various aspects of correspondent banking. This position is ideal for candidates with a foundational understanding of financial operations and a desire to grow in the field of banking.

Tasks

• Oversee payment settlement through local payment channels such as TARGET2 and SPEA.

• Confirm debit positions, process related clearing fees, and select appropriate clearing channels.

• Handle manual processing and settlement of incoming Euro and foreign currency payments.

• Ensure compliance with regulatory standards, including anti-money laundering (AML) and reporting of suspicious transactions, prepare and submit reports accordingly.

• Facilitate fund clearing for financial transactions, trade finance, and asset management.

• Oversee the settlement of funds in Euros and other currencies for the branch's transactions and customer remittances.

• Manage settlements in Euros and other currencies for branch transactions and customer remittances.

• Handle inter-bank clearing fee settlements and follow up on pending inquiries.

• Oversee international credit card settlements with MasterCard and Visa, representing the ICBC head office in Euro fund operations.

• Manage the opening, maintenance, and closure of correspondent bank accounts within the ICBC group.

• Support ICBC European institutions in joining local Euro clearing organizations.

• Prepare statistical reports on clearing operations to support business development.

Profile

• Bachelor's degree in Finance, Accounting, Economics, or a related field.

• 0-2 years of experience in banking operations, clearing, settlement, or payment processing. Internships or relevant coursework are considered valuable.

• High attention to detail with the ability to identify discrepancies and assist in analyzing financial data.

• Strong written and verbal communication skills in English and Chinese.

• Organizational skills with the ability to manage multiple tasks, meet deadlines, and work effectively in a team-oriented environment.

• A strong desire to learn and grow in the field of banking operations and regulatory compliance.

We offer

• The opportunity to work for one of the world's largest banking groups and be part of an international financial institution with a strong global presence.

• An international corporate banking platform in the heart of Frankfurt, Germany's leading financial centre, with exposure to German, European and cross-border business.

• Access to a global banking network, providing opportunities to work with colleagues, clients and business partners across Europe, China and other international markets.

• A strong China–Europe business platform, with the opportunity to support international companies in their cross-border trade, investment and financing activities.

• Broad corporate banking exposure, including corporate lending, trade finance, cash management, international settlement and financial markets, in close cooperation with specialised internal teams.

• The opportunity to build and manage senior-level corporate client relationships and take an active role in developing the Bank's corporate banking business in Germany.

• A multicultural and international working environment, bringing together professionals with diverse backgrounds and expertise.

• Opportunities for professional development and long-term career growth within an internationally connected banking organisation.