Financial Institutions Department-FLU Risk Management Intern
About the job
- A bachelor's degree is required.
- Experience with a financial services firm, such as a bank, investment bank, securities firm, or investment firm, is required.
- Effective communication and interpersonal skills are required.
- Meticulous attention to detail is required.
- Ability to plan and manage opportunities, time, projects, relationships, and account knowledge in an organized and documented manner is required.
- Strong organizational skills are required.
- Strong language skills in both English and Chinese are preferred.
- Customer service and executive-level support skills are required.
- Knowledge of Microsoft Office, including Microsoft Excel, Word, and PowerPoint, is required.
- Assist in conducting quality assurance sample testing on KYC Refresh Review, New Client Onboarding, Bridger Screening/Google Search, Credit Recommendation Report, and Credit Limit Usage Report on a monthly basis.
- Perform specific quality assurance on certain tasks or processes as required.
- Assist with completing the department’s risk assessments, including RCSA, ERA, KRI, and other assessments.
- Assist with conducting risk control testing on a quarterly, semi-annual, and annual basis.
- Assist with identifying and monitoring risks related to the department.
- Report any inconsistencies or concerns identified while monitoring risks to a supervisor.
- Prepare routine and ad-hoc reports.
- Manage and prioritize department requests and respond in a timely manner.
- Monitor and manage document retention.
- Manage the training plan and monitor the training and travel budget tracker.
- Assist with monitoring and adherence to the department’s Clean Desk policy.
- Manage department purchase orders and perform monthly reconciliations to ensure accuracy; report any inconsistencies to a supervisor.
- Maintain inventory of department supplies and materials and replenish them when necessary.
- Participate in special projects and perform other duties as assigned.
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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