Treasury Middle Office Department-Risk Control Associate

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

Job summary

Bank of China USA in New York seeks an analytical Risk Control Analyst to monitor, control and report risks in the Branch’s Global Markets and Treasury business. You will analyze market information and price movements, and suggest risk-mitigating actions.

The role covers risk monitoring, reporting, and collaboration with other departments, with emphasis on data, policy review and timely analysis for management and Head Office.

Qualifications

• Bachelor’s degree in Finance, Accounting or banking/investment majors required
• Minimum 2 years of experience in financial market business
• Solid understanding of financial market products and risk management
• Familiarity with Bloomberg and other platforms preferred
• Knowledge of front-to-back operations and instruments (FX, money market, FI, IRS, Repo) preferred
• SQL, VBA, Python proficiency a plus
• CFA or FRM preferred but not required
• Bilingual English and Chinese highly preferred

Responsibilities

• Monitor and control risks in global markets and treasury business
• Coordinate with departments to manage market and treasury risk
• Investigate violations and ensure breaches are reported and documented
• Perform market research, analyze price movements and propose risk mitigations
• Prepare risk analysis reports and management updates
• Support data, user and function controls for risk systems
• Assist in new business/product development within global markets and treasury

Skills

Financial risk

Market risk

SQL

VBA

Python

Bloomberg

Operations knowledge

Bilingual EN/ZH

Education

Bachelor’s degree in Finance/Accounting/Banking

Tools

Bloomberg Terminal

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 incumbent will assist in monitoring, controlling and reporting the related risks of the Branch’s Global Markets and Treasury business, analyzing market information and price movements, putting forward suggestions as to the risks. Also, S/he will be responsible for reviewing routine reports, conducting other tasks assigned by the head of department, etc.

Responsibilities

Include but are not limited to:

Risk Control

• Monitor and control related risks in the global markets and treasury business
• Coordinate with other departments to control the risk of global markets and treasury business
• Investigate violations and irregularities and ensure any breach of the risk limits are properly addressed, reported and documented
• Perform market research, analyze market information and price movements, put forward suggestions
• Analyze and make suggestions on related risk control methods and risk indicators
• Assist with the review and dissemination of departmental Policy and Procedures

Reports

• Prepare periodic business and risk analysis reports
• Prepare risk warning reports with regard to material risks and irregularities, including limit breaches
• Follow market events and make timely/ad hoc analysis reports to the management and Head Office
• Prepare other research reports as assigned

Business support

• Provide support on business data, user and function control of risk control systems
• Assist in developing and application of new business/product of the global markets and treasury business
• Communicate and resolve issues/concerns with related departments

Qualifications

• Bachelor’s degree is required, preferably in Finance, Accounting, or banking and investment related majors
• A minimum of 2 years of experience in the financial market business related field is required
• Solid understanding of the financial market products and related risk management is required
• Familiarity of Bloomberg and other platforms is preferred
• Knowledge of the front to back operations process, financial instruments and products (Foreign exchange, money market, Fixed Income, Interest Rate Swap, Repo, etc…) is preferred
• Proficiency in SQL, VBA and Python is a plus
• CFA or FRM is not required but preferred
• Bilingual abilities in English and Chinese are highly 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.