Banking Department-Business Development & Management AVP

Bank of China Limited, New York Branch•New York, NY

11d•$65,000 - $150,000

About The Position

The incumbent will assist the Vice President with executing new business development strategy. The role supports the development, improvement, marketing, and management of cross-border banking products serving international banking needs between the U.S. and China. It involves bilingual market research and marketing, product analysis and performance monitoring, quantitative modeling, stakeholder communications, project coordination, and risk management and compliance.

Requirements

Bachelor’s degree or foreign equivalent in Business, Economics, Finance, Accounting, Statistics, or a related field.
At least 2 years of work experience in the job offered or a related occupation.
Adequate knowledge of banking products and services and banking operational procedures.
Fluency in Mandarin.

Nice To Haves

A master’s degree in a business major with data statistical analysis skill is preferred.

Responsibilities

Lead quantitative and qualitative market research using English and Chinese sources to develop, improve, and market cross-border banking products serving U.S.-China international banking needs.
Prepare and execute strategic marketing plans in English and Chinese, targeting English-speaking and Chinese-speaking customers based on economic conditions, market trends, customer demands, and product viability in the U.S. and China.
Identify opportunities in product design, pricing, testing, and monitoring to minimize risk and maximize profitability of product policies, offerings, and plans.
Prepare and present analytical findings and business proposals to stakeholders to support product management decisions, including design, marketing, pricing, and retirement.
Monitor and evaluate product performance using KPIs, costs, profits, benchmarking, and gap analysis to control financial risk exposure and support stable business operations.
Use specialized quantitative models for statistical analysis and data insights, and prepare graphs, tables, and business proposals.
Liaise among the department, BOC Head Office in China, and U.S. and China partners or vendors in a project management capacity.
Coordinate marketing campaigns with BOC branches in China and compile data and draft reports in English and Chinese for U.S. management and BOC Head Office.
Understand, comply with, and monitor activities for compliance with applicable laws and regulations.
Forecast potential risks when launching products or executing strategies in response to changing economic and marketing conditions, policies, procedures, and standards; control costs and mitigate risks.
Work with BSA, QCU, and all IRMs departments to ensure risk controls are implemented effectively and correctly for new and existing products and services in compliance with regulatory requirements.
Monitor and update existing policies and products to improve features and utility in accordance with current BOC policies and regulatory guidelines.