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:

• The incumbent will be joining the Clearing Department to support the Bank’s RMB clearing business, assist the Section Head to prepare business data and report, participate in department important projects including research, survey, communication, report, training, testing etc.
• 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:

Operations

• Perform business analysis and assist in data management
• Prepare report, business plans, memo, meeting minutes and other managerial documents
• Communicate and coordinate with related departments/branches
• Assist section in correspondent bank relationship monitoring and RMB business monitoring, undertake other assigned tasks
• Assist in managing RMB financial institution customers and related marketing

Business Development

• Participate in department important projects including research, survey, communication, report, training, testing etc.
• Undertake responsibilities related to BOCNY RMB clearing business

Compliance

• Understand, comply with all applicable laws and regulations regarding anti-money laundering, Bank Secrecy Act, currency transaction reporting, and suspicious activity reporting

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 in Economics, Econometrics, Finance, Accounting, Mathematics, Statistics or similar major is required at the time of hiring; Master’s degree or above is preferred. Other preferred majors include International Economics, Quantitative Economics, Econometrics, Applied Mathematics, Business Analytics Data Analytics, Data Science, Information Technology, and Information Science, etc.
• Internship experience in banking and/or financing preferred
• General knowledge and understanding of wire transfer, SWIFT message, and data analysis preferred
• Knowledge of banking products and services & current market conditions, trends, products offered by competitors is preferred
• Bilingual ability in Mandarin (verbal & reading proficiency) is required