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.

This position will perform daily settlement, operation and administration processes of Fixed Income products, verify tickets, confirmation matching, payments verification, new product testing and support, data accounting entries, and documentation filing to ensure processes performed align with Bank’s procedure, policy guidelines, standards, and regulatory requirements.  

Daily settlements

• Complete intraday/end of day processes for fixed income products including bonds, repos, CDs, Yankee CDs, CPs, Corp MM Funds, CNY term deposit, CNY Bond issuance, and IND.
• Monitor settlement of all trades to ensure timely resolution of any failing transaction by working with the Front Business Lines and counterparties timely.
• Report and escalate unusual activities and settlement issues to Supervisors.
• Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving Daily IND reconciliation and money transfer.
• Perform CED settlement, securities transfer, revaluation, and coupon monitoring and entry postings.
• Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
• Perform timely and accurate GL accounting entry postings in the core Treasury banking system
• Restore business document files in accordance with retention policy.

Risk Management/ Compliance/Internal Audit

• 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.
• Prepare monthly and quarterly reports to Head Office.
• Update procedures to reflect current workflow processes and gap on control processes.
• Assist with the preparation of documentations upon requests by internal and or external parties.
• Respond to Internal Audit Department’s request timely.
• Assist to remediate any audit issue findings.

• At least 1 year of experience in back office settlement required
• Bachelor’s degree required, Accounting or Finance preferred

• Microsoft Office, Advanced Excel Skill required. Programming Skills R, Python, SQL knowledge is Plus

• Knowledge of treasury and financial products characteristics, as well as back office settlement workflow required