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 Back Office Team Associate FX & MM, performs daily settlement, operation and administration process of FX & MM products and RMB clearing settlement, verify tickets, confirmation matching, payments verification, data accounting entries, run system batch and reports to ensure processes performed align with Bank’s procedures, policy guidelines, standards, and regulatory requirements.

Responsibilities

Include but are not limited to:

Daily settlements

• Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlements
• Perform Corporate MM CBD funds and FI Time Deposit settlements
• Complete confirmation matching by perform post trade matching process via vendor applications
• Perform daily end of day reconciliation process to ensure complete and accurate operation process
• Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties timely
• Perform timely and accurate GL accounting entry postings in the core Treasury banking system
• Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving
• Report and escalate settlement issues to Supervisors
• Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls
• Restore business document files in accordance with retention policy.

Risk Management/ Compliance/Internal Audit

• Understand and comply with Bank’s procedures, policies, standards, and regulatory requirements
• Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense
• Update procedures to reflect current workflow processes and gaps on control processes
• Prepare monthly and quarterly reports to Head Office
• Prepare documents and responses requested by internal and or external parties and auditors timely
• Respond to Internal Audit Department’s request timely
• Assist to remediate any audit issue findings

Qualifications

• Bachelor’s degree is required, majors in accounting or finance is preferred
• Up to 3 years of experience in back office settlement is required
• Excellent Microsoft Excel and Word skills are required
• Knowledge of treasury and financial products characteristics and back office settlement workflow is required
• Knowledge of SQL and VBA a plus

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.