Bank of China USA

Runs cross-border banking between the US and China

Treasury Middle Office Department-Risk Control Associate

Risk ManagementConfirmed live in the last 24 hours

Full-timeNew York, NY, USA$42k - $90k /yrIn-person

About the Job

Requirements

A bachelor's degree is required; Finance, Accounting, or banking and investment-related majors are preferred.
At least 2 years of experience in a financial market business-related field is required.
Solid understanding of financial market products and related risk management is required.

Responsibilities

Monitor and control risks related to the global markets and treasury business.
Coordinate with other departments to control risk in the global markets and treasury business.
Investigate violations and irregularities, and ensure risk-limit breaches are properly addressed, reported, and documented.
Conduct market research, analyze market information and price movements, and put forward suggestions.
Analyze and make suggestions on related risk-control methods and risk indicators.
Assist with reviewing and disseminating departmental policies and procedures.
Prepare periodic business and risk-analysis reports.
Prepare risk-warning reports regarding material risks and irregularities, including limit breaches.
Follow market events and prepare timely or ad hoc analysis reports for management and Head Office.
Prepare other research reports as assigned.
Provide support for business data, users, and function control of risk-control systems.
Assist in developing and applying new business or products for the global markets and treasury business.
Communicate and resolve issues or concerns with related departments.

Desired Qualifications

Familiarity with Bloomberg and other platforms is preferred.
Knowledge of front-to-back operations processes and financial instruments and products, including foreign exchange, money markets, fixed income, interest rate swaps, and repos, is preferred.
Proficiency in SQL, VBA, and Python is a plus.
CFA or FRM is preferred but not required.
Bilingual abilities in English and Chinese are highly preferred.

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 incumbent will assist in monitoring, controlling and reporting the related risks of the Branch’s Global Markets and Treasury business, analyzing market information and price movements, putting forward suggestions as to the risks. Also, S/he will be responsible for reviewing routine reports, conducting other tasks assigned by the head of department, etc.

Responsibilities

Include but are not limited to:

Risk Control

Monitor and control related risks in the global markets and treasury business
Coordinate with other departments to control the risk of global markets and treasury business
Investigate violations and irregularities and ensure any breach of the risk limits are properly addressed, reported and documented
Perform market research, analyze market information and price movements, put forward suggestions
Analyze and make suggestions on related risk control methods and risk indicators
Assist with the review and dissemination of departmental Policy and Procedures

Reports

Prepare periodic business and risk analysis reports
Prepare risk warning reports with regard to material risks and irregularities, including limit breaches
Follow market events and make timely/ad hoc analysis reports to the management and Head Office
Prepare other research reports as assigned

Business support

Provide support on business data, user and function control of risk control systems
Assist in developing and application of new business/product of the global markets and treasury business
Communicate and resolve issues/concerns with related departments

Qualifications

Bachelor’s degree is required, preferably in Finance, Accounting, or banking and investment related majors
A minimum of 2 years of experience in the financial market business related field is required
Solid understanding of the financial market products and related risk management is required
Familiarity of Bloomberg and other platforms is preferred
Knowledge of the front to back operations process, financial instruments and products (Foreign exchange, money market, Fixed Income, Interest Rate Swap, Repo, etc…) is preferred
Proficiency in SQL, VBA and Python is a plus
CFA or FRM is not required but preferred
Bilingual abilities in English and Chinese are highly preferred

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.

Compensation: 42000 to 90000 (USD)

About the Company

Bank of China USA

Runs cross-border banking between the US and China

Bank of China USA, the US branch network of Bank of China, handles banking between the United States and China for companies, financial institutions, and wealthy individuals. It was the first Chinese bank in the United States and uses its parent's global network to connect clients with overseas banking services. Chinese companies operating in the US and Fortune 500 firms use it for corporate loans, trade finance, currency trading and cross-border cash management, paying interest and service fees, while individuals use its personal banking. The US network dates to 1981, when Bank of China, founded in 1912, reopened its operations with a branch in New York, where the US business is based.

Company size: 501-1,000
Company stage: Not listed
Total funding: Not listed
Headquarters: New York City, New York
Founded: 1981

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