What are the responsibilities and job description for the 2025 Spring Campus Recruitment Global Markets Department Associate position at Bank of China Limited, New York Branch?
Introduction
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
*To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.
The candidate might be considered for one of the following roles:
- This Associate job is to provide support to product team in assisting achieve team goals. This incumbent is subject to KPI evaluation.
- The Associate is responsible for FX and Derivatives Desk business operation. Major responsibilities include daily global markets trading and assist team to meet financial target. This incumbent is subject to KPI evaluation.
Responsibilities
The Associate may be assigned to one or more of the functions below:
Marketing and Sales
- Prepare marketing materials
- Generate thematic written business research
- Interpret high-frequency economic data in the U.S. and China
- Assist to identify hedging opportunities in FX derivatives and other products
- Follow up all business needs with RMs to better support their clients
- Provide support to team in daily routine work
- Act as back up of designated team
Product Management
- Participate in the enhancement of product offering to promote business growth
- Assist in the new product development to satisfy client's hedging demand
Risk Management and Compliance
- Adhere and facilitate legal documents and onboarding process related to traded products
- Comply with all applicable laws and regulations regarding anti-money laundering, BSA, OFAC, Dodd-Frank framework, Volcker rule, etc.
- Collaborate with Middle Office and Back Office to ensure risk control and facilitate accurate deal booking and timely settlement
Research
- Perform analysis and participate in assigned research project
- Monitor, update and facilitate research information for client/ internal presentations
- Participate in special projects and/or other duties as assigned
- Conduct assigned reports or research analysis
Foreign Exchange and Derivatives Management
- Trade authorized global markets products
- Collaborate with product team to quote global markets product prices for clients
- Execute Head Office orders during New York time
- Act as back up of designated team
New Product and Research
- Participate in the new product research and development and life cycle management
- Analyze research report and financial market news, and conduct business analysis as needed
- Keep abreast of financial market developments and regulatory updates by attending training workshops, seminars
- Participate in special projects and/or other duties as assigned
Compliance and Risk Management
- Comply with all applicable laws and regulations regarding anti-money laundering, BSA, OFAC, Dodd-Frank framework, Volcker rule, etc.
- Execute transactions within authorized limits and monitor global markets product risk exposures
- Monitor counterparty credit risks and ensure there are no breaches
- Follow existing policies and procedures, and provide recommendations/update as needed
Qualifications
- Bachelor’s degree required at the time of hiring
- Internship experience in Financial Markets
- Knowledge in FX, RMB, interest rate and other hedging products preferred
- Knowledge in trading and compliance preferred
- Bilingual ability in Mandarin and English preferred
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $50,000.00 - USD $70,000.00 /Yr.Salary : $70,000
