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Bank of China USA

Runs cross-border banking between the US and China

Trade Services Supply Chain & Trade Finance Section Intern

InternshipDeadline 10/23/27
$19/hr
Bachelor's
New York, NY, USA
In Person
Finance & BankingRetail & Commercial Banking

About the job

Requirements
  • Major in accounting or finance, with a good understanding of financial statements.
  • Ability to read, write, analyze, and interpret general business literature.
  • Ability to learn and obtain new knowledge.
  • Strong communication skills and a strong sense of responsibility.
Responsibilities
  • Prepare weekly and monthly business reports for various purposes.
  • Prepare business briefs or short descriptions for various purposes.
  • Help the Product Manager enter key financial data into Excel reports for financial analysis.
  • Help the Product Manager communicate and coordinate with the operations team regarding new drawdown requests or repayments.

About the company

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

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1981

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Simplify's Take

What believers are saying

  • BOCUSA's August 2026 Beijing and Shanghai sessions drew nearly 30 client institutions, reinforcing its cross-border sales channel.
  • BOCUSA describes employee youth mentoring with one-to-one meetings every two weeks during the school year.
  • BOCUSA says over 90% of clients are U.S.-based, anchoring its customer relationships in the American market.

What critics are saying

  • BOCUSA's Queens compliance roles allocate 50% to regulatory controls and 45% to account review and transaction monitoring.
  • BOCUSA's Chicago and Los Angeles deposits lack FDIC insurance, leaving that funding outside the U.S. deposit-guarantee system.
  • BOCUSA's federal branches need not report regulatory income, limiting standard comparisons of U.S. branch profitability.

What makes Bank of China USA unique

  • Bank of China USA is one of two banks designated for yuan clearing in the United States.
  • BOCUSA's New York branch handles CME futures-exchange payments in dollars and yuan, with overnight credit for clearing members.
  • BOCUSA's New York and Queens branches jointly hold a regulatory deposit equal to 5% of third-party liabilities.

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