OSD 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 looking for an intern to assist with the OPICS system development plan Phase III project. Responsibilities include verifying transactions, performing settlements, and undertaking UAT testing.

The role requires good communication skills, integrity, and professionalism. Experience with SQL tools and MS Office suite is essential. This position is ideal for bilingual candidates with a task-oriented mindset.

Qualifications

• Bilingual.
• Experience with UAT testing is a plus.

Responsibilities

• Verify transactions including FX, MM, IRS, CCS, CP settlement.
• Perform settlement for Corp MM funds (CBD).
• Complete confirmation matching.
• Check all payments received and paid.
• Ensure settlement accounts are reconciled and report accuracy.
• Perform monthly and quarterly revaluations and reports.
• Report settlement issues and suspicious activities.
• Prepare documents for audits and information requests.
• Draft and update product procedures for review.
• Perform UAT testing for new product and project.

Skills

Integrity

Professionalism

Good communication skill (verbal, written)

Task orientation

Time Management

Cultural Sensitivity

Team 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.