Banking - Business Development and Management Associate/AVP

Bank of China USA; New York (NY); On-site; USD 42,000 - 150,000; Full time

Job summary

A leading financial institution is seeking a Business Development and Management Associate/AVP to assist in executing new business strategies and promoting banking products. The role involves market research, financial analysis, and product innovation, targeting cross-border customers and ensuring compliance with regulatory requirements. Ideal candidates will have a Bachelor's degree in business or related fields, marketing skills, and relevant banking experience, with a preference for those bilingual in Chinese.

Qualifications

• 1-2 years of work experience in banking business for Associate level.
• Bilingual ability to read, speak, and write Chinese is required.

Responsibilities

• Conduct marketing research to gather financial and statistical data.
• Evaluate performance of products after launching by measuring KPI.
• Understand and monitor compliance with laws and regulations.

Skills

Data compiling and statistical analysis

Marketing skills

Ability in developing new products and service

Education

Bachelor’s degree with major in business, financial, accounting or economics

Master’s degree with data statistical analysis skill

Tools

Excel

Power Point

Job description

Banking - Business Development and Management Associate/AVP

Join to apply for the Banking - Business Development and Management Associate/AVP role at Bank of China USA

Banking - Business Development and Management Associate/AVP

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Join to apply for the Banking - Business Development and Management Associate/AVP role at Bank of China USA

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 position will assist the Assistant Vice President with the execution of new business development strategy, identify and broaden new business opportunities and promote banking products and services to customers.

Responsibilities

Include but not limited to:

Business Development and Management

• Gathering and compiling financial and statistical data by conducting marketing research from related fields and peer competitive products
• Utilize specialized model to deal with statistical information and extract effective data to generate graphs, tables and business proposals based on analytical findings and results
• Keep attention on current economic condition, market trends, customer demands as well as practicability of products to prepare and execute feasible marketing strategic plans
• Develop and innovate various financial product and services to serve cross-border customers
• Assist in identifying new area for product designing, pricing, testing and monitoring product to minimize the risk and maximum profitability of policies, products and plans
• Attend and present products at seminars hosted in local community or in China to promote the Bank’s brand while attracting potential customer and business
• Evaluate performance of products after launching by measuring KPI, costs and profits, benchmark and gap analysis consistently to control their overall financial risk exposure and ensure the stability of business operations
• Monitor and update existed policies/products timely to enhance product features and optimize utilities regarding most updated BOC policies and related regulatory guideline
• Run proven models continually to make financial projections about new products being launched
• Assist in preparing and explaining analytical proposals and findings to various stakeholders to help making decisions on pricing, product development and marketing planning
• Confer with other departments to manage projects and deal with data discrepancies if any
• Participate in special projects like internet banking system upgrade, debit card function enhancement, mobile banking development and other duties as assigned by utilizing data analysis and project management skills
  
  

Risk Management and Compliance

• Understand, comply and monitor activities, if necessary, of all applicable laws and regulations
• Forecast potential risk during launching the product or executing the strategies in accordance with economic/marketing conditions changes, specific policies, procedures and standards, to control cost and mitigate risks
• Work closely with BSA, QCU and all IRMs departments to ensure all risk controls are being implemented effectively and correctly for all new and existing products and service that complying with compliance and regulatory requirements
  
  

Qualifications

• Bachelor’s degree with major in business, financial, accounting or economics is required. A master or above degree with data statistical analysis skill preferred.
• 1-2 years of work experience in banking business and banking operation for Associate level; 4 years of work experience in banking business and banking operation for AVP level
• Adequate knowledge of banking products and services
• Knowledge of current market conditions, trends, products offered by competitors
• Skill in analyzing and evaluating financial information
• Marketing skills
• Ability in developing new products and service
• Expert knowledge and experience in writing, Power Point, and Excel
• Supervisory and organizational skills.
• Data compiling and statistical analysis is preferred.
• Bilingual (ability to read, speak and write Chinese) is required
  
  

Pay Range

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

USD $42,000.00 - USD $150,000.00 /Yr.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

• Industries

  Banking

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