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 assist with the preparation, coordination, submission and management of regulatory data, reports and requests. Other responsibilites include providing support to the team in calculating and monitoring asset maintenance ratios, pledged assets, capital equivalency deposits requirements and other reporting needs, etc.

Prepare, document and file regulatory reports in an accurate and timely manner.

• Assist with the preparation, review, analysis and filing of regulatory documents and reports and liaise with other departments/branches, non-branch entities and Head Office for various regulatory reports submission.
• Coordinate, compile and review data, reports and other materials as requested for audits/regulatory requests.
• Build and maintain relationships with examiners.
• Support the Bank and departments in regulatory matters.
• Assist with the evaluation of compliance with regulatory policy and procedures related to the reports prepared.
• Keep abreast of regulatory requirements/changes by attending trainings and seminars.
• Maintain Change Issue Log, Manual Adjustment Log and other related document and resolve issues.
• Participate in review of internal reporting processes and provide recommendations for improvements.

Monitor daily Regulatory Data/Calculations and file monthly/quarterly reports to comply with OCC and FDIC asset pledge and asset maintenance requirements. 

• Prepare and monitor calculations for asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets requirements on a daily basis.
• Send daily asset maintenance report to Treasury and relevant parties and document Treasury’s daily estimate.
• Assist with the preparation, review and analysis of the monthly reports of asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets.
• Assist with the monthly/quarterly filing of the reports of asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets.
• Liaise with Treasury, Global Markets Department, Operation Services Department and Depository Bank to ensure transactions of pledged securities are completed in a timely manner and in accordance with regulatory requirements.
• Assist with the preparation of responses to inquiries from regulatory agencies and auditors.

Maintain regulatory reporting software.

• Provide assistance and support to team with the regulatory software.
• Coordinate updates to software and perform testing as needed.
• Assist the software consultant with resolution of software mapping and other issues.

• Bachelor’s degree in Accounting/Finance or equivalent required
• At least 1 year of experience in Accounting/Financial reporting required

• Analytical skill, Creative problem solving, Accounting and reporting technical skills are required for this position

• Knowledge of Generally Accepted Accounting Principal; Regulatory reporting requirements; Word & Excel (VBA/Pivot Tables); SQL; Database; Regulatory Software required

• Bilingual skills in both Chinese and English preferred
• CPA certification preferred