OSD Back Office Intern

Sumitomo Mitsui Trust Bank Limited New York Branch; New York (NY); On-site; USD 22,000 - 31,000; Full time

Job summary

Bank of China in New York is offering an internship focused on OPICS system development and back-office operations. You will assist with workflow testing of booking, payments, accounting, interfaces, and ensure settlement activities are completed promptly.

Strong communication and SQL/MS Office skills are desired. Responsibilities include daily verification of transactions, settlement tasks, UAT testing, and drafting procedures for review by management and auditors.

Qualifications

• Basic internship in back-office operations and testing.
• Good communication and typing skills.
• Familiarity with financial products a plus.

Responsibilities

• Complete daily operation verification including FX, MM, IRS, CCS, CP, and RMB clearing settlement.
• Perform settlement for corporate MM funds and confirm matching.
• Check payments received and paid; reconcile settlement accounts.
• Prepare monthly/quarterly revaluations and reports for First and Second Line Units.
• Draft and update product procedures for review and approval.
• Perform UAT testing for new product and project.

Skills

Integrity

Professionalism

Communication

Time Management

Cultural Sensitivity

Team Orientation

Tools

SQL

MS Office

UAT testing

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. 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.

• 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.

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.

USD $19.00 - USD $19.00 /Hr.