What are the responsibilities and job description for the MKD-FX and Derivatives Desk AVP 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 Assistant Vice President 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
Include but are not limited to:
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
- Bchelor’s degree required
- Minimum 5 years of Financial Markets experience required
- Demonstrate sound knowledge in Financial Markets, trading, and compliance
- Bilingual ability in Mandarin preferred
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $65,000.00 - USD $150,000.00 /Yr.Salary : $150,000
