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 incumbent will be joining the Clearing Department to assist and perform quality control on the departments management to regulatory compliance, liquidity, operation, reputation and strategic risks, as well as to support assignments directed from the supervisor and management.
Responsibilities:
Include but are not limited to:
Risk Management
- Assist and coordinate department to perform required assignments, including Head Office accounting self-assessment, deliverable to Second line departments, training, and regulatory projects
- Assist and conduct ongoing and structured control testing on key procedural processes
- Develop, document and implement test scripts
- Identify any gaps and or deficiencies during the control test review
- Make recommendations for remediation and suggest areas for improvement
- Track outstanding remediation activity and ensure fulfillment on action plans
- Assist to perform review and timely deliverable of monthly data for accurate reporting
- Analyze and evaluate reportable data
- Determine and investigate variances during the review process as it may indicate quality control issues
- Attend mandatory training meetings; complete on-line mandatory training as assigned
Data Management
- Assist in the departmental Risk Data collection, analyze and reporting process
Projects
- Assist in special projects and other duties as assigned by supervisor and management
Qualifications:
- Bachelors degree in Finance/Accounting/Economics or similar majors required. Master's degrees preferred
- A minimum of 2 years of experience in wire transfer, operation and risk management is required
- Bilingual in English and Mandarin required
- Work or internship experience covering accounting, statistics, data analytics, communication and reporting is required
- Solid knowledge of Clearing/Wire transfer/Operations/Risk management is required. This includes being able to understand and assess workflow processes impacting risks, comprehend self-risk assessments by gathering information, analyze, evaluate inherent risks, perform analysis associated to workflow processes, identify controls to address such risks to mitigate residual risks and manage risk trends
Pay Range
Actual salary is commensurate with candidates relevant years of experience, skillset, education and other qualifications.
: USD $42,000.00 - USD $90,000.00 /Yr.