OPERATIONAL SPECIALIST

Company: Bank of China USA
Location: New York
Posted on: October 3, 2024

Job Description:

Job Responsibilities:Daily settlements

• Complete intraday/end of day processes for fixed income products including bonds, repos, CDs, Yankee CDs, CPs, Corp MM Funds, CNY term deposit, CNY Bond issuance, and IND.
• Monitor settlement of all trades to ensure timely resolution of any failing transaction by working with the Front Business Lines and counterparties timely.
• Report and escalate unusual activities and settlement issues to Supervisors.
• Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving Daily IND reconciliation and money transfer.
• Perform CED settlement, securities transfer, revaluation, and coupon monitoring and entry postings.
• Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
• Perform timely and accurate GL accounting entry postings in the core Treasury banking system
• Restore business document files in accordance with retention policy.
  Risk Management/ Compliance/Internal Audit
  • Understand and comply with Bank's procedures, policies, standards, and regulatory requirements.
  • Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
  • Prepare monthly and quarterly reports to Head Office.
  • Update procedures to reflect current workflow processes and gap on control processes.
  • Assist with the preparation of documentations upon requests by internal and or external parties.
  • Respond to Internal Audit Department's request timely.
  • Assist to remediate any audit issue findings.
    Qualification:
    • At least 1 year of experience in back office settlement required
    • Bachelor's degree required, Accounting or Finance preferred
    • Microsoft Office, Advanced Excel Skill required. Programming Skills R, Python, SQL knowledge is Plus
    • Knowledge of treasury and financial products characteristics, as well as back office settlement workflow required

Keywords: Bank of China USA, Westport , OPERATIONAL SPECIALIST, Accounting, Auditing , New York, Connecticut