What are the responsibilities and job description for the Bond Desk Associate/AVP position at Bank of China USA?
Who we are:
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.
Job summary:
This Associate/Assistant Vice President position of Bond Desk is designed to assist head of the desk to manage NYB’s bond portfolio while taking acceptable liquidity/credit risk to meet financial target and regulatory requirements. This incumbent is subject to KPI evaluation.
Job Responsibilities:
Include but not limited to
Bond Portfolio Management
- Assist Bond Desk Head in managing bond portfolios and monitoring market movement
- Monitor portfolio performance in terms of market value, duration, ratings etc.
- Research new investment ideas for portfolio consideration
- Develop models for quantitative analysis
Business Operation
- Conduct bond transactions in compliance
- Complete all documentation and reports related to the transactions
- Act as back up of designated team
Compliance and Risk Management
- Comply with all applicable laws and regulations regarding anti-money laundering, BSA, OFAC, Dodd-Frank framework, Volcker rule, etc.
- Manage bond portfolio exposure and limit to ensure no breaches
- Collaborate with Middle Office and Back Office to ensure accurate and timely transaction input and settlement
Research and Special Projects
- Research and evaluate economic, market and other factors affecting fixed income industry and the Bank’s portfolio
- Participate in strategic or specific projects and other tasks assigned
Qualification:
- Bachelor’s Degree required
- Minimum 1 year of Fixed Income Investment experience for Associate level; Minimum 5 years of Fixed Income Investment experience for AVP level
- Knowledge in Fixed Income and financial analysis
- Bilingual ability in Mandarin is preferred, but not required
Salary : $42,000 - $150,000