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OSD Back Office Intern

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Bank of China

2mo ago

  • Internship
    Full-time
    Off-cycle Internship
  • People, HR & Administration
    Banking & Finance
  • New York City

AI generated summary

  • You must have integrity, professionalism, good communication, time management skills, and be culturally sensitive. Bilingual with knowledge of treasury products, SQL, MS Office, and UAT testing experience.
  • You will verify transactions, perform settlement, confirm matching, reconcile accounts, prepare reports, report settlement issues, assist audits, update procedures, and perform UAT testing for Bank of China's OSD Back Office Intern role.

Requirements

  • General Skills:
  • Integrity, Professionalism, Good communication skill (verbal, written), Task orientation, Time Management, Cultural Sensitivity, Team Orientation.
  • General Knowledge:
  • Treasury and financial products characteristics;
  • Bilingual;
  • Good hand on experience on SQL tool, MS Office suite (Excel, Power point, Word), UAT testing experience plus.

Responsibilities

  • Complete daily operation: verify transactions including FX, MM, IRS, CCS, CP, and RMB clearing settlement 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 to management of settlement issue and any suspicious activities;
  • Prepare documents and responses to information requested by internal, external audits, Head office;
  • Draft and update product procedure for review and approval;
  • Perform UAT testing for new product and project.

Bank of China

Finance
Industry
10,001+
Employees
1912
Founded Year

Mission & Purpose

Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank. Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively. The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.