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ORD New Activities Risk Management/Issues Management Intern

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Bank of China

May 13

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • New York

AI generated summary

  • You need a Bachelor's degree, integrity, professionalism, communication skills, time management, and a team-oriented mindset to excel in this risk management internship at Bank of China.
  • You will conduct risk assessments for new products, monitor ongoing risks, support Head Office initiatives, and handle other daily tasks as needed.

Requirements

  • Bachelor’s degree or above.
  • Prior working experience in financial industry is preferred but not required.
  • Dedicated to integrity, producing high quality results, and meeting deadlines, professionalism, communication (verbal, written), task orientation, time management, cultural sensitivity, team orientation.

Responsibilities

  • Liaise with Product Owner and all other risk stripe related teams to conduct new product risk assessment and pre-/post- launch conditions reviews.
  • Ensure product ongoing risk management monitoring is executed based on internal policy and procedure.
  • Support any Head Office product risk management initiatives.
  • Other BAU work on demand.

FAQs

What will the primary responsibilities be for the ORD New Activities Risk Management/Issues Management Intern?

The primary responsibilities will include assisting with daily business-as-usual (BAU) work and ensuring that ongoing risk management monitoring for products is executed according to internal policies and procedures.

What type of experience is required for this internship position?

While specific experience requirements may vary, candidates are generally expected to have familiarity with risk management concepts and practices, along with a willingness to learn about internal policies and procedures.

Will the intern work independently or as part of a team?

The intern will likely work as part of a team, collaborating with other team members to ensure effective risk management monitoring and compliance with internal policies.

How can this internship benefit the intern's future career?

This internship will provide hands-on experience in risk management and issues management, enhance understanding of internal controls and policies, and develop professional skills that are valuable in various roles in finance, compliance, or risk management sectors.

Is this internship paid or unpaid?

The compensation details are usually specified in the job listing or can be obtained by inquiring with the hiring organization, as it can differ by company.

What skills or qualities are important for success in this internship?

Important skills and qualities include attention to detail, strong analytical abilities, effective communication skills, and a proactive approach to problem-solving.

Are there opportunities for advancement or full-time employment after the internship?

Opportunities for advancement or consideration for full-time roles may exist depending on the intern's performance, the needs of the organization, and available openings following the internship.

What kind of training or support will the intern receive?

The intern will typically receive training and support from their team members and supervisors to help them understand their role and responsibilities, as well as ongoing guidance as they learn about risk management practices.

What is the expected duration of the internship?

The expected duration of the internship can vary, but it is commonly a summer internship or a semester-long position. Specific details would be available in the job listing or from the employer.

Bank of China

Finance
Industry
10,001+
Employees
1912
Founded Year

Mission & Purpose

Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank. Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively. The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.