Global Markets Department-Bond Team Intern
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Bank of China
New York, NY, US
Summary
The intern will support the Global Markets Bond Team by preparing daily fixed income reports and conducting market research on macro data and monetary policy. They will also assist with operational tasks involving middle and back office coordination and contribute to ESG and CIBM-related projects.
Job Description
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
Entering 2025, the team strives to expand the width and scope of fixed income market research with full coverage on US policy, market events, macro data, etc. Additionally, the team is actively involved in cross-department functionalities to increase the synergy of the department. With many exciting initiatives in the business pipeline, the team is eager to on-board an intern with math/financial and/or engineering/programming background to execute the business initiatives and assist with critical tasks.
Responsibilities
Include but are not limited to:
- US Fixed Income Daily Mark-to-Market(MTM) Report;
- US Fixed Income Daily Relative Value Report;
- Daily Operation contact with middle office and back office;
- CIBM efforts (including CIBM bond investment & hedge related front/middle/back office work)
- Mortgage related valuation, prepayment etc.
- Macro & monetary policy research;
- Monthly Report with ESG/CRA projects
Qualifications
- Bachelor’s degree or equivalence (Junior/Senior acceptable) required. Economics, Computer Science, Mathematics, Statistics or Financial engineering related major preferred
- Intermediate understanding in coding languages including but not limited to SQL/R/Python/Java/C++ is a plus
- Basic knowledge in research required; Experience in global FICC esp. fixed income and interest rate is preferred
- Basic writing skills and knowledge in macro are a must
- Bilingual ability in Mandarin and English is preferred
- Interpersonal and communication skills (written and verbal) is a must
- Ability to collaborate with team members on research projects is a must +
- Solid work ethic and high levels of motivation is a must
- Understanding in China/US macro indicators, currency and policies is preferred
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $19.00 - USD $19.00 /Hr.
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.
Founded
1912
Company size
5,001-10,000 employees
Industry
Finance
Org type
Public Company
Headquarters
Beijing
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.
Founded
1912
Company size
5,001-10,000 employees
Industry
Finance
Org type
Public Company
Headquarters
Beijing
