Bank of China USA · 22 hours ago
Operation Service Department - Syndication Loan Processing Associate
New York, NY
Full-time
Onsite
New Grad, Entry Level
$42K/yr - $90K/yrBank of China USA is one of the largest banks in the world, providing stable and reliable financial services globally. The Syndication Loan Processing Associate will ensure the timely and accurate operation and administration of syndicated loan transactions, review loan requests, and maintain compliance with bank policies and regulatory requirements.
Banking
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
Qualification
Required
Bachelor's degree required
Understanding of Secondary Trades, reconciliation of payments and basic accounting principles required
Preferred
Experience in financing and banking is highly preferred
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
Founded in 1981
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase