What are the responsibilities and job description for the Clearing (Banking) - Night Shift Clearing 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
The incumbent will be assisting the Clearing Department by processing the paying and receiving of USD wire transfers, monitoring transactions following regulatory requirements, and participating in developing and testing clearing payment systems and related statistical analysis. This position will also be responsible for handling inquiries from domestic financial institutions, overseas branches, and correspondent banks and processing urgent investigation cases during the night shift.
Responsibilities
Include but are not limited to :
Funds Clearing & System Management
- Fix and amend the unqualified wire transfers and process urgent funds release, SWIFT inquiries, and review SWIFT amendment messages to meet the compliance requirements
- Handle incoming and outgoing SWIFT, CHIPS, FEDWIRE
- Manually input for urgent funds return, funds repay and urgent stop payment
- Monitor and review payment transactions according to the Anti-Money Laundering (AML) and regulatory procedure, and prioritize or release urgent transactions on request
Statistics Analysis
Compliance
Telephone Inquiry
Qualifications
Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 / Yr.
Salary : $42,000 - $90,000
