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March 3, 2021

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Home » Supplement » Banking

Banks post job offers over digital currency

By Tracy Li | 00:05 UTC+8 March 3, 2021 | Print Edition

Banks are scouting for talent and posting job openings as China expands its trial of a central bank digital currency.

The Postal Savings Bank of China, one of the participating banks, has a number of digital yuan recruitment posts on its website and candidates can also apply online at recruitment firm zhaopin.com.

Listed under the bank’s operational management department, three kinds of posts are available, namely clearing management, operational management and personal wallet management for the electronic currency business.

Job responsibilities are also outlined. In the clearing management position for example, applicants will be responsible for docking the interbank clearing business of e-yuan with the People’s Bank of China, and designing the capital settlement process and operation of the bank’s digital yuan business.

Ideally, job seekers should have an educational background in finance, economics, management, and related majors and hold a master’s degree or above.

Over 80 percent of the world’s central banks are conducting research into CBDCs, with the majority progressing to the trial development phase, according to the Bank for International Settlements. Alternative payment systems are fast becoming a key component of China’s financial infrastructure.

A digital yuan has been trialled in certain regions, including Shanghai, Beijing, Shenzhen, Suzhou, Xiong’An New Area and Chengdu.

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