Bank of China USA · 1 month ago
Operation Service Department-Custody Associate
US-NY-New York
Full-time
Onsite
Entry Level
$42K/yr - $90K/yr
2+ years expBank of China USA is one of the largest banks in the world, and they are seeking a Custody Associate to manage securities trades and custody-related transactions. The role involves ensuring compliance with bank procedures and regulatory requirements while providing asset servicing and preparing client reports.
Banking
Responsibilities
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
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 various daily and monthly customer reports
Prepare ad-hoc reports as needed by client and/or management
Prepare customer invoices timely for payments due
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
Qualification
Required
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
Knowledge of securities industry is a must
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
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