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.

*To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.

The candidate might be considered for one of the following roles:

• This position will administer and maintain relationships with financial institutions by helping them grow their businesses while expanding the correspondent customer base and carrying out BSA/KYC duties in business line unit. 
• The Associate assists with the department’s assessment, identification and monitoring of risks.

The Associate may be assigned to one or more of the functions below:

Risk Control Operation

• Assist with completing the department’s risk assessments (e.g. RCSA, KRIs, ERA and other assessments)
• Assist with the identification and monitoring of risks related to the department
• Report any inconsistencies/concerns when monitoring of risks to supervisor
• Assist to respond to independent risk management and third line of defense about risk control or any related inquiry
• Conduct quality assurance evaluation to all banking processes
• Assist in reviewing policies and procedures and providing recommendations
• Assist in workflow process review and revision
• Assist in preparing and coordinating regulatory and internal audit examinations
• Research and respond to information or inquiry requests from regulatory or other government entities
• Assist in monitoring and ensuring the closing and resolution of any departmental audit and compliance issues
• Assist with administration of risk control related training programs to all department employees
• Keep abreast of risk information and regulatory updates by attending trainings, seminars, workshops and reading informational materials.
• Assist in special projects and tasks for the department as directed

Business Development and Management

• Gathering and compiling financial and statistical data by conducting marketing research from related fields and peer competitive products.
• Utilize specialized model to deal with statistical information and extract effective data to generate graphs, tables and business proposals based on analytical findings and results
• Keep attention on current economic condition, market trends, customer demands as well as practicability of products to prepare and execute feasible marketing strategic plans
• Develop and innovate various financial product and services to serve cross-border customers
• Assist in identifying new area for product designing, pricing, testing and monitoring product to minimize the risk and maximum profitability of policies, products and plans
• Attend and present products at seminars hosted in local community or in China to promote the Bank’s brand while attracting potential customer and business
• Evaluate performance of products after launching by measuring KPI, costs and profits, benchmark and gap analysis consistently to control their overall financial risk exposure and ensure the stability of business operations
• Monitor and update existed policies/products timely to enhance product features and optimize utilities regarding most updated BOC policies and related regulatory guideline
• Run proven models continually to make financial projections about new products being launched
• Assist in preparing and explaining analytical proposals and findings to various stakeholders to help making decisions on pricing, product development and marketing planning
• Confer with other departments to manage projects and deal with data discrepancies if any
• Participate in special projects like internet banking system upgrade, debit card function enhancement, mobile banking development and other duties as assigned by utilizing data analysis and project management skills

Risk Management and Compliance

• Understand, comply and monitor activities, if necessary, of all applicable laws and regulations
• Forecast potential risk during launching the product or executing the strategies in accordance with economic/marketing conditions changes, specific policies, procedures and standards, to control cost and mitigate risks
• Work closely with BSA, QCU and all IRMs departments to ensure all risk controls are being implemented effectively and correctly for all new and existing products and service that complying with compliance and regulatory requirements

• Bachelor’s degree at the time of hiring
• Internship experience in banking/financial service industry
• Solid knowledge of BSA/AML/KYC, legal analysis, accounting, finance and banking preferred
• Customer service skills, organizational skills and verbal and written capability in Mandarin and English preferred
• General knowledge and understanding of bank deposit operations, lending activities, and other related commercial banking and compliance functions/
• Risk management related certifications preferred