Logo of Huzzle

Home

Matches

Explore

Manage

OSD Back Office Intern

image

Bank of China

May 13

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • People, HR & Administration
    Banking & Finance
  • New York

Requirements

  • General Skills:
  • Integrity, Professionalism, Good communication skill (verbal, written), Task orientation, Time Management, Cultural Sensitivity, Team Orientation.
  • General Knowledge:
  • Treasury and financial products characteristics;
  • Bilingual;
  • Good hand on experience on SQL tool, MS Office suite (Excel, Power point, Word), UAT testing experience plus.

Responsibilities

  • Complete daily operation: verify transactions including FX, MM, IRS, CCS, CP, and RMB clearing settlement etc;
  • Perform settlement for Corp MM funds (CBD);
  • Complete confirmation matching;
  • Check all payments are received and paid;
  • Check settlement accounts are reconciled, and report accuracy;
  • Perform monthly and quarterly revaluations and reports to First and Second Line Units;
  • Report to management of settlement issue and any suspicious activities;
  • Prepare documents and responses to information requested by internal, external audits, Head office;
  • Draft and update product procedure for review and approval;
  • Perform UAT testing for new product and project.

FAQs

What is the primary responsibility of the OSD Back Office Intern?

The primary responsibility of the OSD Back Office Intern is to assist with the OPICS system development plan Phase III project, which includes comprehensive workflow testing related to booking, payment, parameters, accounting, and interface testing. Additionally, the intern will ensure that all settlement and daily operations in the back office team are completed promptly and thoroughly.

What specific tasks will the intern be performing?

The intern will be involved in workflow testing of various functions within the OPICS system, including booking, payment processes, parameter settings, accounting activities, and interface testing. They will also support the back office in ensuring that daily operations and settlements are carried out accurately and on time.

What skills or qualifications are needed for this internship?

While specific skills are not listed, candidates for this internship would generally benefit from having a background in finance, accounting, or business operations, along with strong analytical and problem-solving skills. Familiarity with accounting systems or software, attention to detail, and good organizational abilities would also be advantageous.

Is this a full-time or part-time internship?

The job description does not specify whether the internship is full-time or part-time. It is advisable to check with the employer for specific details regarding the hours and commitments required.

Will the intern be working alone or as part of a team?

The intern will likely be working as part of a back office team, collaborating with team members on the OPICS system development project and daily operational tasks.

What will the intern gain from this experience?

The intern will gain hands-on experience in back office operations, workflow testing, and exposure to the OPICS system, enhancing their understanding of financial processes and systems. This internship could also provide valuable skills in teamwork, critical thinking, and communication.

How long is the internship period?

The job description does not specify the duration of the internship. Interested candidates are encouraged to inquire about the length of the internship during the application process.

Is there an opportunity for full-time employment after the internship?

The job description does not mention opportunities for full-time employment post-internship. It is recommended to discuss potential career pathways with the employer during the interview or hiring process.

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.