Treasury Middle Office - Financial Market Documentation AVP - Bank of China Limited, New York Branch : Job Details

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.

The incumbent will assist in drafting, reviewing, and maintaining global markets related legal agreements; keeping track of related regulatory developments and evaluating their impacts; putting forth implementation plans; preparing related analysis reports to the management and Head Office; monitoring credit risk events and developing courses of actions to manage the credit risk proactively.

Include but are not limited to:

Global Markets Agreements

• Draft and negotiate global markets business related agreements, including ISDA, VM CSA, GRMA and etc., and partner with Legal Office and external counsel on finalizing the agreements
• Draft and update the templates for the up mentioned agreements
• Provide coaching and training to other team members or other departments on the up mentioned agreements and related issues
• Liaise with Head Office with regards to related agreements, and assist Head Office and other branches in negotiating related global markets agreements if requested

Compliance and Documentation

• Establish and adopt policies, procedures, and standards of conduct that proactively manage the compliance risk of the global markets business
• Oversee, monitor, and enforce the above mentioned compliance programs, and assess the effectiveness during their enforcement; make necessary changes if required
• Provide training and education to team members on the above mentioned compliance programs
• Promptly communicating with the second line regarding questions and issues in the workplace
• Maintain proper and adequate documentation regarding the compliance work

Regulatory change monitoring

• Keep track of regulatory changes and provide assessment reports
• Monitor market practice changes by collecting market movements, and facilitate analytical and ad-hoc report on market conditions / events in order to support strategic decision making
• Communicate with stakeholders (e.g. Fed, OCC, ISDA, CFTC, SEC) to obtain policymaking insights

• Bachelors degree is required, preferably in Law-related majors and with minor in Finance or Economics. Masters degree or above is highly preferred
• A minimum of 5 years of legal-related experience in global market business, like ISDA agreement, derivative/bond business compliance is required
• 3 years or above regulator and law firms liaison experience is preferred; 1 year or above financial market business related experience is preferred
• Candidates who have passed the NY State Bar Examination are preferred
• Knowledge of global markets products and related risk management; prudential regulators regulatory requirements relating to global markets business is required
• Document review, legal research and case analysis skills are required
• Bilingual abilities in English and Chinese are highly preferred

Actual salary is commensurate with candidates relevant years of experience, skillset, education and other qualifications.