Operation Service Department-Back Office FX MM Associate
Bank of China Limited, New York Branch•New York, NY
•$42,000 - $90,000
About The Position
This position will be responsible to perform daily settlement, operation and administration process of FX & MM products and RMB clearing settlement, verify tickets, confirmation matching, payments verification, data accounting entries, run system batch and reports to ensure processes performed align with Bank’s procedures, policy guidelines, standards, and regulatory requirements.
Requirements
- Bachelor’s degree required, Accounting or Finance preferred.
- Microsoft Office, Advanced Excel Skill required.
- Programming Skills R, Python, SQL knowledge is a plus.
- Knowledge or experience in back-office settlement preferred.
- Knowledge of treasury and financial products characteristics as well as back-office settlement workflow preferred.
Responsibilities
- Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlement.
- Perform Corporate MM CBD funds and FI Time Deposit settlements.
- Complete confirmation matching by perform post trade matching process via vendor applications.
- Perform daily end of day reconciliation process to ensure complete and accurate operation process.
- Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties timely.
- Perform timely and accurate GL accounting entry postings in the core Treasury banking system.
- Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving.
- Report and escalate settlement issues to Supervisors.
- Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
- Restore business document files in accordance with retention policy.
- Understand and comply with Bank’s procedures, policies, standards, and regulatory requirements.
- Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
- Update procedures to reflect current workflow processes and gaps on control processes.
- Prepare monthly and quarterly reports to Head Office.
- Prepare documents and responses requested by internal and or external parties and auditors timely.
- Respond to Internal Audit Department’s request timely.
- Assist to remediate any audit issue findings.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
