Treasury-Liquidity & Funding Management Associate

Bank of China USA; New York (NY); On-site; USD 42,000 - 90,000; Full time

Job summary

Bank of China USA is seeking a treasury associate responsible for preparing routine non-USD liquidity and funding reports within Treasury, serving as maker or reviewer. The role supports RMB clearing bank business, CFP maintenance, and the debt issuance program.

A strong background in liquidity and funding management is required, with English fluency and Mandarin preferred. The position will involve coordinating with stakeholders to identify investment opportunities, updating report templates,

Qualifications

• Fluent English required.
• Bachelor’s degree in a related field is required.
• 1 year of bank treasury work experience is required.
• Knowledge of liquidity and funding management is required.
• Microsoft skills, especially Excel formulas, are required.
• Mandarin is preferred.

Responsibilities

• Prepare or review daily Nostro and non-USD funding and liquidity reports.
• Support RMB clearing bank liquidity and funding management.
• Maintain Early Warning Indicator reports and Contingency Funding Plan components.
• Coordinate debt issuance project management, including third-party onboarding and KY3P.

Skills

Fluent English

Excel formulas

Education

Bachelor’s Degree in related field

Tools

Excel

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

This associate will mainly be responsible for preparing routine non-USD liquidity and funding function related reports within Treasury, serving either as a maker or a reviewer (must be able to serve either role due to potential switch). Other responsibilities include RMB clearing bank business supporting, CFP maintenance and the Bank’s debt issuance program supporting. He/she should have reasonable knowledge of the liquidity and funding management operations in a commercial bank.

Responsibilities

Include but are not limited to

Funding and Liquidity Management

• Conduct or review the day to day operations on Nostro accounts
• Conduct or review the bank’s non-USD funding and liquidity reports
• Strengthen the current monitoring and/or management procedure of Nostro accounts based on business or system development
• Coordinate Banking Book FX Hedging Effectiveness and Stress Testing reports on monthly basis
• Prepare other non-USD related funding related reports
• Work closely with related stakeholders to help identify and grasp short-term investment opportunities

RMB Clearing Bank Business Supporting

• Support the RMB liquidity and funding management to implement and support the Bank’s RMB clearing bank business strategy
• Prepare RMB related report

CFP Maintenance

• Coordinate Early Warning Indicator’s Report daily
• Enhance BOCNY Contingency Funding Plan and the related components

Debt Issuance Program Coordination

• Support the Bank’s debt issuance project management
• Coordinate third-party selection, onboarding, KY3P and risk management process
• Facilitate legal document review and sign-off
• Support publication, pricing, public listing settlement process etc.
• Provide supports to other related work based on management needs

Maintaining Report Template and Ad-hoc tasks

• Update and maintain the excel templates for routine reports when needed
• Work on ad-hoc tasks assigned by supervisors, such as contributing to ad-hoc reports or participating in projects

Backup

• Backup of other team members on performing daily review and monitoring of non-USD Nostro account for accuracy and unusual activities
• Backup of other team members

Qualifications

• Bachelor’s Degree is required majoring in related field
• 1 year of commercial bank work experience related to treasury management is required
• Knowledge related to liquidity and funding management is required
• Microsoft skills, excellent with Excel formulas is required
• EPS Liquidity buffer management including HQLA classification, LQA modelling is preferred
• Liquidity risk contingency funding plan and early warning indicator framework management experience is preferred
• Fluent English is required and Mandarin is 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.