CBD-Quality Control Unit Associate - Bank of China Limited, New York Branch

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:

The 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.   

Responsibilities:

Include but not limited to:

Reporting & Loan Support

• 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.

Risk & Compliance Management

• 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 2nd line of defense as necessary.
• 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.

Business Development Support

• 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.

Qualifications:

• Bachelor’s degree with major in business, financial, accounting or economics is required. A master degree preferred.
• 1-2 years of work experience in Banking or financial services.
• Proficient in financial modeling; VBA expert preferred
• Strong analytical and investigative skills
• Microsoft Office
• General knowledge and understanding of lending activities, bank loan products, and other commercial banking and legal compliance functions.
• Excellent communication skills in verbal and writing is a must, bilingual ability in Mandarin is required.

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

:USD $45,000.00 - USD $90,000.00 /Yr.