Bank of China Limited, New York Branch
Queens Branch - Business Development/Corporate Business Section Associate
Bank of China Limited, New York Branch, Flushing, New York, United States, 11358
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
This incumbent will provide post lending, customer services and underwriting on Small and Medium Enterprise (SME) and corporate loan products. In addition, s/he will complete tasks assigned by the manager and prepare loan analysis and loan recommendations to meet objectives.
Responsibilities
Include but are not limited to
Business DevelopmentSupport implementation of the SME development strategies and proactively seize market opportunities to expand client baseUnderwrite loan business develop and maintain normal business relationship with customers.Meet business objectives in the loan operation set by the section head and Branch Manager.Solicit new corporate customer and meet the target set by department head.Prepare the CRR and monitor the loan on timely basis.Participate in various marketing, prospecting and networking activities to enhance Bank's images and build business relationship for prospective new lending opportunities.Credit Control and Compliance
Handle loan business according to all Bank policies and procedures, as well as OFAC/KYC requirements and inform customers of regulatory compliance requirementInform customers of regulatory compliance requirement.Work and coordinate with the Quality Control Unit and BSA Section to perform customer account reviews for loan customers.Help to defines high risk business character for current portfolioEnhance BSA/KYC and risk rating in commercial loanOperations & Post Lending Customer Service
Ensure all documents required per loan agreement have been obtained and uploaded to the centralized documentation storage, address post lending questions or issues, including updating post lending tickler to ensure receipt of all documents required per loan managementPrepare annual reviews, credit related memos, site visits and presentation reportsCommunicate with the Operation Service Department and answer customer inquiries relating to tax, insurance, annual escrow accounts or other post lending questionsReview the completeness of loan application, term sheet preparation, arrange appraiser to appraise the value of properties and order credit reports, review appraisal reports, engineer, environmental and credit reportsPrepare credit recommendation report and commitment letter after loan approval, negotiate loan documentation, arrange closing and prepare the closing documentsParticipate in loan business activities to ensure the loan operation complies with policies and regulations, and answer correspondences from customers and maintain ongoing communicationQualifications
Bachelor's Degree or above, preferred major in Finance, Economics, Accounting or relevant fieldsMinimum 2 years of SME and corporate lending experience within BankingSound knowledge of due diligence process, regulatory and compliance, as well as credit analysis, Commercial Real Estate, and product knowledgeProficiency in Microsoft Word, Excel, Access, PowerPointBilingual ability in Mandarin and English required
Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.
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
This incumbent will provide post lending, customer services and underwriting on Small and Medium Enterprise (SME) and corporate loan products. In addition, s/he will complete tasks assigned by the manager and prepare loan analysis and loan recommendations to meet objectives.
Responsibilities
Include but are not limited to
Business DevelopmentSupport implementation of the SME development strategies and proactively seize market opportunities to expand client baseUnderwrite loan business develop and maintain normal business relationship with customers.Meet business objectives in the loan operation set by the section head and Branch Manager.Solicit new corporate customer and meet the target set by department head.Prepare the CRR and monitor the loan on timely basis.Participate in various marketing, prospecting and networking activities to enhance Bank's images and build business relationship for prospective new lending opportunities.Credit Control and Compliance
Handle loan business according to all Bank policies and procedures, as well as OFAC/KYC requirements and inform customers of regulatory compliance requirementInform customers of regulatory compliance requirement.Work and coordinate with the Quality Control Unit and BSA Section to perform customer account reviews for loan customers.Help to defines high risk business character for current portfolioEnhance BSA/KYC and risk rating in commercial loanOperations & Post Lending Customer Service
Ensure all documents required per loan agreement have been obtained and uploaded to the centralized documentation storage, address post lending questions or issues, including updating post lending tickler to ensure receipt of all documents required per loan managementPrepare annual reviews, credit related memos, site visits and presentation reportsCommunicate with the Operation Service Department and answer customer inquiries relating to tax, insurance, annual escrow accounts or other post lending questionsReview the completeness of loan application, term sheet preparation, arrange appraiser to appraise the value of properties and order credit reports, review appraisal reports, engineer, environmental and credit reportsPrepare credit recommendation report and commitment letter after loan approval, negotiate loan documentation, arrange closing and prepare the closing documentsParticipate in loan business activities to ensure the loan operation complies with policies and regulations, and answer correspondences from customers and maintain ongoing communicationQualifications
Bachelor's Degree or above, preferred major in Finance, Economics, Accounting or relevant fieldsMinimum 2 years of SME and corporate lending experience within BankingSound knowledge of due diligence process, regulatory and compliance, as well as credit analysis, Commercial Real Estate, and product knowledgeProficiency in Microsoft Word, Excel, Access, PowerPointBilingual ability in Mandarin and English required
Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.