Treasury Middle Office Department-Risk Control Associate

Bocusa; New York (NY); On-site; USD 42,000 - 90,000; Full time

Job summary

Bank of China in New York is seeking a risk control professional for its Global Markets and Treasury division. You will monitor, control, and report on related risks, analyze market information and price movements, and provide timely risk analysis to management.

The role requires a Bachelor’s in finance or related field and at least 2 years in financial markets, with Bloomberg familiarity and SQL/VBA/Python skills as preferred assets. English and Chinese bilingual abilities are highly valued.

Qualifications

• Bachelor’s degree in Finance, Accounting, or banking and investment related majors.
• 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, instruments (FX, money market, FI, IRS, Repo).
• Proficiency in SQL, VBA and Python a plus.
• CFA or FRM not required but preferred.
• Bilingual English and Chinese highly preferred.

Responsibilities

• Monitor and control related risks in global markets and treasury.
• Coordinate with departments to control risks in global markets and treasury.
• Investigate violations, address breaches, and document findings.
• Perform market research, analyze information and price movements, suggest risks.
• Analyze risk indicators and methods; review policy and procedures.
• Prepare periodic business and risk analysis reports and risk warnings.

Education

Bachelor’s degree in Finance, Accounting, or banking and investment related majors

CFA or FRM (preferred)

Bilingual abilities in English and Chinese (highly preferred)

Tools

SQL

VBA

Python

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 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.