What are the responsibilities and job description for the Global Markets Department-Product Associate/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
This Associate job is to provide support to product team in assisting achieve team goals. This incumbent is subject to KPI evaluation.
Responsibilities
Include but not limited to
Marketing and Sales
- Prepare marketing materials
- Generate thematic written business research
- Interpret high-frequency economic data in the U.S. and China
- Assist to identify hedging opportunities in FX derivatives and other products
- Follow up all business needs with RMs to better support their clients
- Provide support to team in daily routine work
- Act as back up of designated team
Product Management
- Participate in the enhancement of product offering to promote business growth
- Assist in the new product development to satisfy client's hedging demand
Risk Management and Compliance
- Adhere and facilitate legal documents and onboarding process related to traded products
- Comply with all applicable laws and regulations regarding anti-money laundering, BSA, OFAC, Dodd-Frank framework, Volcker rule, etc.
- Collaborate with Middle Office and Back Office to ensure risk control and facilitate accurate deal booking and timely settlement
Research
- Perform analysis and participate in assigned research project
- Monitor, update and facilitate research information for client/ internal presentations
- Participate in special projects and/or other duties as assigned
- Conduct assigned reports or research analysis
Qualifications
- Bachelor’s Degree required
- Minimum 1-3 years of Financial Markets experience for Associate level; Minimum 4 years of Financial Markets experience for AVP level
- Knowledge in FX, RMB, interest rate and other hedging products
- Bilingual ability in Mandarin is preferred, but not required
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.