Operation Service Department-Custody Associate
Bank of China Limited, New York Branch · NY, US
23 days agoImpress employers and recruiters.
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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.
- Knowledge of the securities industry is a must.
Experience Level
- 2+ years
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.