Operation Service Department-Back Office FX MM Associate

Bank of China Limited, New York Branch; New York (NY); Sur place; USD 42 000 - 90 000; Plein temps

Résumé du poste

Bank of China Limited, New York Branch is seeking an experienced settlements professional to manage daily settlement, verification and reconciliation of FX, MM, IRS, CCS, CP and RMB clearing activities. The role supports cash and treasury operations with a focus on accuracy, timeliness and regulatory compliance.

You will perform end-to-end settlement processes, post GL entries, and contribute to system testing and process improvements.

Qualifications

• Bachelor's degree in accounting or finance.
• Proficient in Microsoft Office; advanced Excel required.
• Knowledge of back-office settlement and treasury products preferred.

Responsabilités

• Perform daily settlement for FX, MM, IRS, CCS, CP and RMB clearing.
• Complete intraday and end-of-day settlements and reconciliation.
• Post GL entries in core Treasury system and support system testing.
• Assist with system changes and process improvements.
• Prepare risk and compliance reports for second line.

Connaissances

Advanced Excel

Microsoft Office

R

Python

SQL

Formation

Bachelor's degree in Accounting or Finance

Description du poste

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

This position will be responsible to perform daily settlement, operation and administration process of FX & MM products and RMB clearing settlement, verify tickets, confirmation matching, payments verification, data accounting entries, run system batch and reports to ensure processes performed align with Bank's procedures, policy guidelines, standards, and regulatory requirements.

Responsibilities

Daily Settlements (60%)

• Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlement.
• Perform Corporate MM CBD funds and FI Time Deposit settlements.
• Complete confirmation matching by perform post trade matching process via vendor applications.
• Perform daily end of day reconciliation process to ensure complete and accurate operation process.
• Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties timely.
• Perform timely and accurate GL accounting entry postings in the core Treasury banking system.
• Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving.
• Report and escape settlement issues to Supervisors.
• Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
• Restore business document files in accordance with retention policy.

Risk Management/ Compliance/Internal Audit (40%)

• Understand and comply with Bank's procedures, policies, standards, and regulatory requirements.
• Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
• Update procedures to reflect current workflow processes and gaps on control processes.
• Prepare monthly and quarterly reports to Head Office.
• Prepare documents and responses requested by internal and or external parties and auditors timely.
• Respond to Internal Audit Department's request timely.
• Assist to remediate any audit issue findings.

Qualifications

• Bachelor's degree required, Accounting or Finance preferred.
• Microsoft Office, Advanced Excel Skill required. Programming Skills R, Python, SQL knowledge is a plus.
• Knowledge or experience in back-office settlement preferred.
• Knowledge of treasury and financial products characteristics as well as back-office settlement workflow preferred.

Pay Range

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

USD $42,000.00 - USD $90,000.00 /Yr.