Bank of China USA

Runs cross-border banking between the US and China

OSD Back Office Intern

TreasuryPosted on Nov 5

InternshipNew York, NY, USA$19 /hrIn-person

About the Job

Requirements

Knowledge of treasury and financial product characteristics.
Hands-on experience with SQL tools, Microsoft Office (Excel, PowerPoint, and Word), and user acceptance testing is preferred.
Bilingual ability is required.
Demonstrate integrity, professionalism, communication, task orientation, time management, cultural sensitivity, and team orientation.

Responsibilities

Assist with the OPICS system development plan Phase III project, including comprehensive workflow testing of booking, payment, parameter, accounting, and interfaces, while ensuring back-office settlement and daily operations are completed promptly and completely.
Verify daily transactions, including foreign exchange, money market, interest rate swaps, cross-currency swaps, commercial paper, and renminbi clearing settlements.
Perform settlement for corporate money market funds (CBD).
Complete confirmation matching.
Check that all payments are received and paid.
Check settlement accounts for reconciliation and report accuracy.
Perform monthly and quarterly revaluations and prepare reports for First and Second Line Units.
Report settlement issues and suspicious activities to management.
Prepare documents and responses to information requests from internal and external audits and Head Office.
Draft and update product procedures for review and approval.
Perform user acceptance testing for new products and projects.

Desired Qualifications

Hands-on experience with SQL tools, Microsoft Office (Excel, PowerPoint, and Word), and user acceptance testing.

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 new intern will assist with the OPICS system development plan Phase III project, including comprehensive workflow testing of booking, payment, parameter, accounting, interface testing while at same time to ensure all settlement and daily operations in back office team are done promptly and completely.

Responsibilities

Complete daily operation: verify transactions including FX, MM, IRS, CCS, CP, and RMB clearing settlement etc;
Perform settlement for Corp MM funds (CBD);
Complete confirmation matching;
Check all payments are received and paid;
Check settlement accounts are reconciled, and report accuracy;
Perform monthly and quarterly revaluations and reports to First and Second Line Units;
Report to management of settlement issue and any suspicious activities;
Prepare documents and responses to information requested by internal, external audits, Head office;
Draft and update product procedure for review and approval;
Perform UAT testing for new product and project.

Qualifications

General Skills:

Integrity, Professionalism, Good communication skill (verbal, written), Task orientation, Time Management, Cultural Sensitivity, Team Orientation.

General Knowledge:

Treasury and financial products characteristics;
Bilingual;
Good hand on experience on SQL tool, MS Office suite (Excel, Power point, Word), UAT testing experience plus.

Pay Range

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

USD $19.00 - USD $19.00 /Hr.

Compensation: 19 to 19 (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

Recently Posted Jobs

Explore more opportunities at Bank of China USA

See more jobs