Operation Service Department - Syndication Loan Processing Associate

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.

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.

Syndication Loan Transaction/Administration (85%)

• 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

Risk Management/Compliance/Internal Audit (15%)

• 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

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

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.