Corporate Banking - Quality Control Unit Associate/AVP

Bank of China Limited, New York Branch•New York, NY

17h•$42,000 - $150,000

About The Position

The AVP/Associate of QCU is responsible for providing risk analysis and assessments for the department on all risk categories including liquidity, market, credit, operational, compliance, reputational and strategic, and monitoring of the department’s key risk indicators.

Requirements

Bachelor degree is required; Master's degree is preferred
For Associate level, 1-2 years of relevant experience is required; for AVP level, minimum 4 years of relevant experience is required; professional experience with a bank or financial institution is preferred
General knowledge and understanding of lending activities, bank loan products, and other commercial banking and legal compliance functions is required
Strong analytical and investigative skills is required
Strong interpersonal, communication (written and verbal), and organizational skills with the ability to work independently, as well as collaboratively in a team environment
Must be open minded, detail oriented and able to multi task
Proficiency with Microsoft Office
Bilingual in English and Mandarin

Responsibilities

Assist with developing and implementing loan databases, data collection systems, data analytics and other strategies that optimize statistical efficiency and quality.
Collect loan data from CBD and other branches for completion of reporting analyses and maintain databases/ data systems.
Identify, analyze, and interpret trends or patterns in complex loan data sets.
Calculate and monitor Key Risk Indicators.
Assist with the assessment of the appropriateness of the risk limits.
Assist in the timely completion of various post-closing loan monitoring tasks including financial statements analysis, ratio calculation and analysis, covenant checking and monitoring.
Update the Post-lending Documents Log.
Monitor Post Lending Report.
Assist with the coordination of internal and external audit requests.
Collect, Coordinate and review documentations requested for audits and regulatory examinations.
Assist the team with resolutions of customer concerns.
Review and update policies and procedures and provide recommendations.
Understand and comply with bank policies, procedures and regulatory requirements.
Conduct periodic reviews of transactional activities to ensure adherence to bank policies, procedures and regulatory requirements including AML, BSA, KYC, Volcker and others.
Assist with the identification, assessment and monitoring and reporting of operating risk, liquidity risk, interest risk, compliance risk and other issues for the department.
Escalate risk issues to 2 nd line of defense as necessary.
Perform control testing and assist with development of control inventory and control testing plan.
Keep abreast of risk information and regulatory updates
Participate in other special working tasks as assigned.
Keep abreast of industry trends and understand regulatory requirements.
Assist with the preparation of forecasts and reports.
Participate in the research, survey, communication, budget, report, training and testing of those new projects and systems.