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.

The incumbent will be assisting the Clearing Department by processing the paying and receiving of USD wire transfers, monitoring transactions following regulatory requirements, and participating in developing and testing clearing payment systems and related statistical analysis. This position will also be responsible for handling inquiries from domestic financial institutions, overseas branches, and correspondent banks and processing urgent investigation cases during the night shift.

Include but are not limited to:

Funds Clearing & System Management

• Fix and amend the unqualified wire transfers and process urgent funds release, SWIFT inquiries, and review SWIFT amendment messages to meet the compliance requirements
• Handle incoming and outgoing SWIFT, CHIPS, FEDWIRE
• Manually input for urgent funds return, funds repay and urgent stop payment
• Monitor and review payment transactions according to the Anti-Money Laundering (AML) and regulatory procedure, and prioritize or release urgent transactions on request

Statistics Analysis 

• Assist in analyzing clearing on market, trend, characteristics, operation, etc.
• Generate transactions reports

Compliance

• Understand, complies with all applicable laws and regulations regarding anti-money laundering, bank secrecy act, and suspicious activity reporting

Telephone Inquiry

• Resolve the phone inquiries promptly and professionally 
• Forward the enquiry to relevant departments and follow up with the related process

• Bachelor’s degree required; Master’s degree preferred but not required; Economics/Finance/ Accounting major preferred
• One year of related experience and/or training, or equivalent combination of education and experience required
• Bilingual abilities in English and Mandarin are required
• Knowledge in compliance, data entries and funds clearing