• New York, New York
• Banking
• $57.2K
• Full Time regular employee
•  9:00-17:00

Job Description

【Position】
Reporting Assistant /Assistant BSA Compliance Officer

【Summary】
This position is responsible to develop and maintains reports related with the Bank’s financial activities and Compliance.  Will be involved with monitoring in accordance with compliance.  In addition, this position provides administrative support as well as translations.

【Essential Duties】
Reporting – 20%
•    Updates and maintains data base based on the daily data entries for reports and analysis.
•    Develops periodical financial reports (daily/weekly/monthly/quarterly/annual) to regulatory authorities, head office and/or within the Branch, including Call Report.
•    Develops additional reports for head office and/or within the Branch as needed.

 Risk Management – 10% 
•    Manages interest rate risk of fixed rate bonds through BPV analysis and VaR model.
•    Analyzes FRN with cap by net interest income and manage unearned profit & loss.
•    Manage repricing or maturity interest rate mismatch gap.
•    Analyze funds maturity gap.
•    Monitors the balance of each funding sources.
•    Monitors the limit of daily funding amounts.
•    Checks if transaction prices are fair compared with market level.

Administrative Support – 10%
•    Substitutes Secretary’s duties while secretary is not available.
•    Makes mailing labels and copies if needed.
•    Supports GM, DGM and Loan Section to create documents.

 Operation Support – 25%
These responsibilities will be accomplished when assistance is needed:
•    Confirms transactions with customers/counterparties of each trade by telephone and/or sending out mail or fax.
•    Verifies details of confirmations received from customers/counterparties.
•    Develops operation sheets.
•    Inputs data to bank’s system such as GBS II (accounting system), JPMorgan Access (money transfer system), Citi Direct (CD issuing system) and SWIFT (system used to confirm transactions with counterparties).
•    Checks input data with proof lists generated by GBS II.
•    Conducts daily and quarterly reconciliation of settlement accounts with statements from JPMorgan Chase, CITI and FRB.
•    Conducts monthly reconciliation of custody account for securities and pledged securities to New York State with statements from JPMorgan Chase and FRB.  Performs monthly reconciliation of yen accounts as well.
•    Develops reports within the branch and/or to head office.
•    Develops and sends out previous month’s data to customers and necessary data to branches in Japan.
•    Handles back-up tapes for delivery/receipt with Nippon Express.
•    Conducts fiscal closing operations daily, monthly, semi-annually and annually.
•    Develops forms to confirm account balance with financial institutions for customers and/or audit.
•    Develops financial statements and outstanding loan balance statements for customers and/or audit
•    Files and retains documents such as operation sheets, confirmations, system outputs etc.
•    Handles with discrepancies in accounts with JPMorgan Chase, FRB, etc and negotiates with counterparties to resolve the issues under the supervision of the manager.

 Compliance – 25%
•    Observes BSA/AML Policies and Procedures of the Branch and U.S. AML regulations.
•    Reports Managers for unusual and/or potentially suspicious activities as well as employee misconduct.
•    Participates in BSA/AML study meeting.
•    Complies with all company policies and procedures.
•    Assists BSA Compliance Officer for BSA/AML matters.
•    Conducts screenings related to anti-money laundering and develops applicable reports.
•    Monitors all transactions to confirm that they are not suspicious and develops daily, monthly and quarterly reports.  Updates lists daily basis.
•    Develops and manages PEP and OFAC report.
Lists and updates news and instructions by regulatory authorities and repots to managers.
•    Assists DGM and managers to examine details and analyze the effect to the Branch of newly issued regulations or instructions by regulatory authorities.
•    Assists DGM and managers to prepare documents requested by internal and/or external auditors.

 Other & Miscellaneous – 10%
•    Seeks constant improvement, more efficient and less expensive ways and means in work processes.
•    Reports all irregular issues and problems to supervisors for solution.
•    Maintains good communication with other management, office staff members and outside contacts.
•    Responsible for maintaining a clean and safe working area.
•    Checks language of documents developed by managers in English and acts as an interpreter.
 

【Working Hours, Working style】
9:00 am - 5:00 pm (lunch 1hour) 

【Working Location】
Manhattan, NY

【Salary, Benefit】
$57,200/Annual ($1,100/Week)

【Holidays】
Weekends, holidays

【Qualifications】

Essential Job Dimensions
Accounting, Accuracy, Attention to Detail, Attendance & Punctuality, Bookkeeping, Clerical, Confidentiality, Dependability/Reliability, Ethics, Flexibility/Adaptability, Listening/Understanding, Math Skills: Basic, Office Equipment Usage, Personal Computer Usage, Planning & Organizing, Proficiently communicate in writing and verbal in Japanese and English, Time Management.

Education & Work Experience
•    Bachelor’s degree in related field or one to three years related experience and/or training; or equivalent combination of education and experience.

Tools & Equipment
•    General office equipment including phones, fax, personal computer, etc.
•    Software includes use of MS Office, Quick-Book and GBSII, etc., 


 Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential job functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Work is performed in an office environment.  The employee is required to frequently sit and occasionally must stand, walk, use hands and fingers and reach with hands and arms.  Also, the employee must be able to read and analyze data in hard copy and on a computer screen; Also requires the ability to measure or identify using eyesight.

No travel required.

Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully the essential job functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

While performing the duties of this position, the employee is required to frequently sit and occasionally must stand, walk, use hands and fingers and reach with hands and arms.  The employee must occasionally lift and/or move up to 10 pounds.


 

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