Job description

The incumbent will perform daily settlement, operation, and administration processes of Fixed Income products, tickets, verification confirmation matching, payments verification, new product testing and support, data accounting entries, and documentation filing. S/He will also ensure related processes align with the Bank’s procedure, policy guidelines, standards, and regulatory requirements.

Job Responsibilities

Include but are not limited to:

Daily settlements

• Complete intraday/end of day processes for fixed income products
• Monitor settlement of all trades to ensure timely resolution of any failing transaction by working with the Front Business Lines and counterparties
• Report and escalate unusual activities and settlement issues
• Perform new product testing and support including draft of User Acceptance Testing and work closing with technical team for issue regarding Daily IND reconciliation and money transfer
• Perform CED settlement, securities transfer, revaluation, and coupon monitoring and entry postings
• Assist with 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 and Internal Audit

• Understand and comply with the 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 the 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 and assist with remediating any audit issue findings

Job Requirements

• Bachelor’s degree is required; preferably in Accounting or Finance major
• A minimum of 1 year of work experience in banking, back office operation or accounting is required
• Solid Knowledge of treasury and financial products, accounting concepts and the workflow of back office settlement is required
• Proficiency in MS Excel, Word and PowerPoint and SQL plus is required
• Proficiency in SQL and VBA is a plus
• Fluency in Mandarin is preferred

The salary range for the Associate position is $42,000-$90,0000. Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

Job Type: Full-time

Pay: $42,000.00 - $90,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to commute/relocate:

• New York, NY 10018: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Preferred)

Work Location: Hybrid remote in New York, NY 10018

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