OSD Back Office Intern

Bank of China Limited, New York Branch; New York (NY); On-site; USD 22,000 - 31,000; Part time

Job summary

Bank of China Limited, New York Branch is seeking an intern to support the OPICS system development plan Phase III and back-office operations. You will help verify transactions, assist with settlements, confirmations, and monthly/quarterly revaluations, while ensuring compliance with audits and internal controls.

The role requires familiarity with treasury products, strong communication, and hands-on experience with SQL tools and MS Office.

Qualifications

• Treasury knowledge and financial product characteristics.
• Bilingual proficiency.
• Experience with SQL tools and MS Office suite; familiarity with UAT testing is a plus.

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.

Skills

Integrity

Professionalism

Communication

Time management

Cultural sensitivity

Team orientation

Tools

SQL

MS Excel

PowerPoint

MS Word

Job description

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

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

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.