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About the Role
The Custody Associate processes securities trades, settlements, and custody-related transactions, ensuring alignment with bank procedures, policies, and regulatory requirements.
Responsibilities
- Review customer instructions and compare against Central Depositories' settlement systems.
- Report unusual activities, special cases, or disputes to supervisors.
- Perform accurate daily reconciliations of securities holdings, corporate actions, tax withholding, and customer reports.
- Review customer entitlements prior to crediting accounts with corporate action funds or securities.
- Prepare daily and monthly customer reports.
- Generate ad-hoc reports for clients and management.
- Prepare timely customer invoices for payments due.
- Prepare counterparty and issue lists for OFAC screening.
- Update procedures to reflect current workflows and regulatory compliance.
- Ensure compliance with bank procedures, policies, and regulatory standards.
- Escalate suspicious transactions to the Legal Compliance Department.
- Respond to internal audit requests and assist in remediating findings.
- Provide timely responses to inquiries from head office internal and external auditors.
Requirements
- Bachelor’s degree in business, accounting, finance, or economics.
- Minimum of 2 years of experience in securities industry back-office or client service roles.
- Knowledge of the securities industry.
Skills
- Securities settlement processing
- Reconciliation
- Asset servicing
- Regulatory compliance
- Risk management
- Reporting
- OFAC screening
Experience Level
- At least 2 years of experience
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 world's largest banks with over $3 trillion in assets.
- Operates in more than 60 countries and regions.
- Provides services in Corporate Banking, Personal Banking, Trade Services, Commodities, Financial Institutions, and Global Markets.