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About the Role

The Custody Associate will be responsible for processing securities trades, settlement, and custody-related transactions in accordance with customer instructions, ensuring alignment with the Bank’s procedures, policy guidelines, standards, and regulatory requirements.

Responsibilities

• Process securities trades, settlement, and custody-related transactions.
• Review customer instructions and compare them to settlements received in Central Depositories’ respective systems.
• Report unusual activities, special cases, and/or disputes to the supervisor.
• Conduct accurate and timely daily reconciliation of securities holdings, corporate actions, tax withholding, and customer reports.
• Review customer entitlements before crediting accounts with corporate actions funds/securities.
• Prepare daily and monthly customer reports.
• Prepare ad-hoc reports as needed by clients and/or management.
• Prepare customer invoices timely for payments due.
• Prepare counterparty and issue lists for OFAC screening.
• Update procedures to reflect current workflow processes and regulatory compliance updates.
• Understand and comply with the Bank’s procedures, policies, standards, and regulatory requirements.
• Escalate suspicious transactions to the Legal Compliance Department.
• Respond to internal Audit Department requests timely and assist in remediating audit issue findings.
• Provide timely responses to inquiries from Head Office internal and external auditors.

Requirements

• At least 2 years of experience in securities industry back-office or client service-related roles for Associate level.
• At least 4 years of work experience for AVP level.
• Knowledge of the securities industry is a must.

Experience Level

• Associate
• AVP

Education Level

• Bachelor’s degree in business, accounting, finance or economics

Salary/Compensations

• USD $42,000.00 - USD $90,000.00 /Yr.

About the Company

• 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.