Operation Services - Back Office Intern

Bank of China Limited, New York Branch; Town of New Windsor (NY); On-site; USD 20,457 - 29,136; Part time

Job summary

Bank of China Limited, New York Branch is seeking an intern to assist with the OPICS system development plan Phase III project. Responsibilities include comprehensive testing, verifying daily transactions, and ensuring settlement and operations are completed accurately.

The ideal candidate will have strong communication skills, time management capabilities, and a good understanding of financial products. Proficiency in SQL and MS Office is required. This is a paid internship at $18.00 per hour.

Qualifications

• Strong integrity and professionalism are essential.
• Bilingual abilities are a plus.
• Experience with UAT testing is beneficial.

Responsibilities

• Assist with OPICS system development plan Phase III project.
• Verify transactions including FX, MM, IRS, CCS, and CP.
• Perform settlement for Corp MM funds and reconciliation.
• Complete confirmation matching and check payment statuses.
• Report settlement issues and prepare documents for audits.
• Draft and update product procedures.

Skills

Good communication skill (verbal, written)

Time Management

Team Orientation

Cultural Sensitivity

Integrity

Professionalism

Task orientation

Tools

SQL tool

MS Office suite (Excel, PowerPoint, Word)

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

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 $18.00 - USD $18.00 /Hr.