Operational Risk Management Governance Intern

Operation Services - Back Office Intern

Location: US-NY-New York

ID: 2024-2577 | Category: Operations | Position Type: Intern | Posting Date: 10/23/2024

Introduction

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.

Overview

The intern will assist with the OPICS Phase III development plan project, including comprehensive workflow testing of booking, payment, parameter, accounting, and interface testing, while ensuring all settlements and daily operations in the back-office team are completed promptly and completely.

Responsibilities

• Complete daily operations: verify transactions including FX, MM, IRS, CCS, CP, and RMB clearing settlements, etc.
• Perform settlement for Corp MM funds (CBD).
• Complete confirmation matching.
• Check all payments are received and paid.
• Check settlement accounts are reconciled and report accuracy.
• Perform monthly and quarterly revaluations and reports to First and Second Line Units.
• Report settlement issues and any suspicious activities to management.
• Prepare documents and responses to information requested by internal and external audits, and Head Office.
• Draft and update product procedures for review and approval.
• Perform UAT testing for new products and projects.

Qualifications

General Skills

• Integrity, professionalism, good communication (verbal and written), task orientation, time management, cultural sensitivity, and team orientation.

General Knowledge

• Understanding of treasury and financial product characteristics.
• Bilingual capabilities.
• Proficient with SQL tools and MS Office suite (Excel, PowerPoint, Word); experience with UAT testing is a plus.

Pay Range

Actual salary is commensurate with the candidate’s relevant years of experience, skillset, education and other qualifications.

USD $18.00 - USD $18.00 /Hr.