Chicago Branch - Corporate Banking Team 2 Associate - Bank of China
Chicago, IL 60606
About the Job
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 job of the Associate is to assist VP and AVP in the Corporate Banking Section in 1) filing report of clients and market; 2) exploring the local market and maintain sound business relationship with corporate clients and commercial mortgage loans (CM) as needed; 3) supporting a portfolio of syndicated loans; 4) conduct post-loan management to ensure all the loan activities are in accordance with the CBD’s policies and procedures, including KYC.
Responsibilities:Include but not limited to:
Credit Analysis
- CRE: Proficiency in spreadsheet analysis, rent rolls, ratio calculation and analysis, cash flow projection & analysis. Skills of sensitivity test and scenario analysis;
- C&I: Proficiency in spreadsheet analysis, ratio calculation and analysis, cash flow projection & analysis. Skills of sensitivity test and scenario analysis;
- Ability to identify credit risks and derive ways to mitigate them.
Due Diligence Review
- Analyzes real estate and corporate financial status, credit, and perform in-depth due diligence and compliance analysis;
- To correctly reflect the credit requests of the customer & CBD’s recommendations.
Reporting
- To write up Credit Recommendation report (CRR);
- To write up Exception Request;
- To write up research reports.
- To write other assigned reports or presentations.
- Other tasks assigned by branch management or team lead
Compliance and Operation
- Review and monitor transaction activities to ensure all transactions are in compliance with the Bank’s policy and procedures.
- Address and follow-up on compliance issue and refer escalated and/or complex issues to higher levels.
- Attend BSA, AML and KYC seminars and training. Perform Policies and Procedures Review on a semi-annual basis to look for further enhancement to the policy.
- Understand, comply with and monitor the activities, if necessary, of all applicable laws and regulations regarding anti-money laundering, Bank Secrecy Act, currency transaction reporting, and suspicious activity reporting.
Market Research
- Research and gather market details and intelligence to assist the Account Officers.
- Perform market analysis and due diligence to support and reduce potential risks.
- Bachelor’s degree with major in Finance, Accounting, Economics, Business Administration and other related disciplines is required; a master degree or above is preferred.
- 1-3 years of work experience in commercial real estate underwriting and/or corporate underwriting and/or lending in the banking industry.
- Ability to spread financial statement, calculate and analyze related financial ratios.
- Ability to multi-tasks, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
- Excellent analytical, interpersonal, verbal and written communication skills.
- Knowledge of Sino-US Trade and economic updates in China.
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.