Los Angeles Branch - 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:

This position is responsible for assisting in performing independent quality control and risk assessment of daily operations and business transactions of the Branch; delivering a range of support in the areas of fraud prevention, risk mitigation and quality control; assist in preparing relevant risk management and quality control reports and/or quality assurance reports as required, and performing any other duties as assigned by supervisor and/or Branch Management.

Responsibilities:

Include but not limited to:

Quality Assurance Testing and Risk Monitoring and Control

• Assist in completing periodic and ad hoc credit, operational, and compliance risk assessment and reporting tasks;
• Assist in periodic post-lending monitoring assessment for Business Development Department (BDD) and test samples from its commercial and trade finance credit facilities;
• Review the loan documents and ticklers to assess the quality of post-lending monitoring practice;
• Provide the results in order to propose and implement ongoing improvements and identify relevant remedial actions;
• Document and follow up with issue(s) for both reporting and problem-solving purpose;
• Assist in performing the Enterprise Risk Assessment (ERA) for the BDD with respect to Credit Risk and Interest Rate Risk;
• Strictly adhere to the Bank’s policies and guidelines, including risk parameters, risk assessment and monitoring procedures, and reporting mechanism;
• Assist in performing the review of CRE Loan Ongoing Monitoring and Loan Data and coordinate with CRM of New York Branch;
• Assist in ongoing monitoring of Criticized and Watch List Loan(s) and coordinate with CRM of New York Branch;
• Assist in validating the Key risk indicators (KRI) data and supporting documents in the KRI platform;
• Assist in performing the Operational Risk and Control Self-assessment (RCSA) and coordinate with ORD of New York Branch;
• Assist in designing the attributes for BDD in order to capture the risk and also ensure that the set policies, procedures and regulatory requirements are met and complied;
• Assist in coordination of audit activities; assist in response to Examiner’s, Internal and External Auditors’ inquiries; take corrective actions based on audit findings;
• Coordinate with related Departments (CRM, CBD, ORD, LCD, OSD etc.) of New York Branch on various risk assessment and reporting assignments;
• Provide constructive feedbacks on the Bank’s policies and procedures;
• Perform any other duties, as well as credit risk and operational risk management projects as assigned by supervisor and/or Branch Management. 

Qualifications:

• Bachelor’s degree with major in in Business Administration or Finance, Accounting, Economics or other related disciplines is required. Master’s degree is highly preferred.
• 1 year of work experience in Banking Operations, Quality Assurance and Control, Risk Management experience in banking industry. 
• 1-2 years of work experience in Commercial Lending and Credit Risk Management in Banking Industry.
• Knowledge of BSA/AML/OFAC/KYC/EDD/CDD, Anti-Boycott Law, Export Administrations Act, Sanctions Check, corporate banking operations, credit risk management, financial analysis and Sino-US Trade and economic updates.
• 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;
• Proficient in Microsoft Outlook, Word, Excel, and PowerPoint;
• High degree of professionalism, quality work and attendance.
• Certified Anti-Money Laundering Specialist (CAMS) is highly preferred
• Financial Risk Manager (FRM) is highly preferred
• Bilingual in English and Chinese preferred

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.