What are the responsibilities and job description for the CLR-RMB 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 joining the Clearing Department to support the Bank’s RMB clearing business, assist the Section Head to prepare business data and report, participate in department important projects including research, survey, communication, report, training, testing etc.
Responsibilities
Include but are not limited to:
Operations
- Perform business analysis and assist in data management
- Prepare report, business plans, memo, meeting minutes and other managerial documents
- Communicate and coordinate with related departments/branches
- Assist section in correspondent bank relationship monitoring and RMB business monitoring, undertake other assigned tasks
- Assist in managing RMB financial institution customers and related marketing
Business Development
- Participate in department important projects including research, survey, communication, report, training, testing etc.
- Undertake responsibilities related to BOCNY RMB clearing business
Compliance
- Understand, comply with all applicable laws and regulations regarding anti-money laundering, Bank Secrecy Act, currency transaction reporting, and suspicious activity reporting
Qualifications
- Bachelor’s degree in Economics, Econometrics, Finance, Accounting, Mathematics, Statistics or similar majors required. Master's degrees preferred. Other preferred majors include International Economics, Quantitative Economics, Econometrics, Applied Mathematics, Business Analytics Data Analytics, Data Science, Information Technology, and Information Science, etc.
- Work or internship experience in banking and/or financing preferred
- Bilingual in English and Mandarin required
- Familiarity in SQL, VBA, Python, SAS, Tableau is preferred
- Understanding of wire transfer, SWIFT message, and data analysis
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 : $90,000
