What are the responsibilities and job description for the 2026 Campus Recruitment Clearing Department 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
*To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.
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
Facilitate RMB Payment Operation.
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 major is required at the time of hiring; Master’s degree or above is preferred. Other preferred majors include International Economics, Quantitative Economics, Econometrics, Applied Mathematics, Business Analytics Data Analytics, Data Science, Information Technology, and Information Science, etc.
- Internship experience in banking and/or financing preferred.
- General knowledge and understanding of wire transfer, SWIFT message, and data analysis preferred.
- Familiarity in SQL, VBA, Python, SAS, Tableau is preferred.
- Bilingual ability in English and Mandarin (verbal & reading proficiency) is highly preferred.
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $50,000.00 - USD $70,000.00 /Yr.Salary : $70,000
