Global Markets Department-Bond Team Intern

Bank of China USA; New York (NY); On-site; USD 22,000 - 31,000; Full time

Job summary

Bank of China USA is seeking an intern with a math/financial or engineering/programming background to support the US Fixed Income team. You will help with market research, data analysis and daily reports under supervision.

The role offers exposure to macro policy, ESG projects and collaboration across departments, with opportunities to learn risk and valuation methods in a global bank environment. You will work closely with analysts and gain hands-on experience with MTM processes, as well as

Qualifications

• Bachelor’s degree or equivalent; Junior/Senior acceptable.
• Programming languages: SQL, R, Python, Java, C++.
• Background in economics, math, statistics, or financial engineering preferred.
• Basic research knowledge; US FICC exposure preferred.
• Basic writing and macro knowledge required.
• Mandarin-English bilingual is preferred.
• Strong interpersonal and communication skills.

Responsibilities

• Prepare US Fixed Income MTM reports daily.
• Prepare US Fixed Income daily relative value reports.
• Daily operation contact with middle and back offices.
• Support CIBM bond investment and related front/middle/back office work.
• Assist mortgage valuation and prepayment analysis.
• Conduct macro and monetary policy research.
• Compile monthly ESG/CRA reports.

Skills

Mandarin/English bilingual

Education

Bachelor's degree or equivalence

Tools

SQL

R

Python

Java

C++

Job description

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

Entering 2025, the team strives to expand the width and scope of fixed income market research with full coverage on US policy, market events, macro data, etc. Additionally, the team is actively involved in cross‑department functionalities to increase the synergy of the department. With many exciting initiatives in the business pipeline, the team is eager to on‑board an intern with math/financial and/or engineering/programming background to execute the business initiatives and assist with critical tasks.

Responsibilities

• US Fixed Income Daily Mark‑to‑Market(MTM) Report;
• US Fixed Income Daily Relative Value Report;
• Daily Operation contact with middle office and back office;
• CIBM efforts (including CIBM bond investment & hedge related front/middle/back office work)
• Mortgage related valuation, prepayment etc.
• Macro & monetary policy research;
• Monthly Report with ESG/CRA projects

Qualifications

• Bachelor’s degree or equivalence (Junior/Senior acceptable) required. Economics, Computer Science, Mathematics, Statistics or Financial engineering related major preferred
• Intermediate understanding in coding languages including but not limited to SQL/R/Python/Java/C++ is a plus
• Basic knowledge in research required; Experience in global FICC esp. fixed income and interest rate is preferred
• Basic writing skills and knowledge in macro are a must
• Bilingual ability in Mandarin and English is preferred
• Interpersonal and communication skills (written and verbal) is a must
• Ability to collaborate with team members on research projects is a must +
• Solid work ethic and high levels of motivation is a must
• Understanding in China/US macro indicators, currency and policies is preferred

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.