Operation Service Department - Syndication Loan Processing Associate

Bank of China•New York, NY

1d•$42,000 - $90,000

About The Position

The Syndication Loan Process Associate is to ensure the timely and accurate operation and administration process of syndicated loan and standby letter of credit transactions originated by the Front Business Line, review and process loan transaction requests and conditions effectiveness against current credit terms are performed and align with the Bank’s procedures, policy guidelines, standards, and regulatory requirements.

Requirements

Bachelor's degree required
Understanding of Secondary Trades, reconciliation of payments and basic accounting principles required
Experience in financing and banking is highly preferred

Responsibilities

Review and verify loan requests are current to credit conditions, approval from Front Business Line of conditions effectiveness to advances.
Process loan booking, Loan amendment, and closing fees in the core banking system or CMS.
Prepare SWIFT messages on foreign currency transactions.
Prepare funding with Treasury.
Process the collection of associated closing fees.
Reconcile monthly fee amortization.
Reconcile on-going cyclic commitment and facility fees.
Reconcile participation standby letters of credit balances and cyclic fees.
Daily monitor, review and control of loan due date transactions.
Daily monitor and follow up status on past due payments.
Create and maintain loan files.
Review Secondary Trade documents.
Review end of day reconciliation to ensure all related transactions are processed.
Process balance confirmations per request.
Maintain and update the contact list of Syndication deals.
Report any outstanding issues to superior for resolution
Understand and comply with the Bank’s procedures, policies, standards, and regulatory requirements.
Assist to update procedure to reflect current workflow processes and gaps on control processes.
Alert of any suspicious items and report to BSA Officer of the Front Business Line.
Respond timely to Internal/External auditors’ requests.
Assist to remediate any audit issue findings