Operation Service Department-Custody Associate/AVP

## Introduction 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. ## Overview The role of the Custody Associate will be responsible for processing securities trades, settlement and custody-related transactions in accordance with the customers' instructions to ensure alignment with the Bank’s procedures, policy guidelines, standards, and regulatory requirements. ## Responsibilities **Securities Settlement Processing (50%)** - Review customer instructions and compare to settlements received in Central Depositories’ respective systems. - Report to supervisor of any unusual activities, special cases and/or disputes. - Conduct accurate and timely daily reconciliation including but not limited to securities holding, corporate actions, tax withholding, customer reports, etc. **Asset Servicing for Clients’ Holdings (30%)** - Conduct review of customer entitlements prior to crediting of customer accounts with corporate actions funds/securities. - Conduct daily reconciliation including but not limited to securities holding, corporate actions, tax withholding, and customer reports. **Prepare Client Reports/Invoices (10%)** - Prepare various daily and monthly customer reports. - Prepare ad-hoc reports as needed by client and/or management. - Prepare customer invoices timely for payments due. **Risk Management/ Compliance/Internal Audit (10%)** - Prepare counterparty and issue list 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 transaction to Legal Compliance Department. - Respond to internal Audit Department’s request timely and assist to remediate any audit issue findings. - Provide timely responses to inquiries from Head office internal and external auditors. ## Qualifications - Bachelor’s degree in business, accounting, finance or economics required. - At least 2 years of experience in securities industry (i.e. bank, brokerage firm) back-office or client service-related roles required for Associate level; At least 4 years of work experience required for AVP level. - Knowledge of securities industry is a must. ## Pay Range *Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.* USD $42,000.00 - USD $90,000.00 /Yr.