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Bank of China
New York, NY | Full Time
$106k-142k (estimate)
1 Week Ago
Corporate Banking Department-Quality Control Unit A/VP
Bank of China New York, NY
$106k-142k (estimate)
Full Time 1 Week Ago
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Bank of China is Hiring a Corporate Banking Department-Quality Control Unit A/VP Near New York, NY

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 incumbent will implement and maintain all aspects of business procedures under the guidance of the Bank’s Risk Governance Framework (RGF) and OCC’s Heightened Standards. S/he will manage the Quality Control Unit to accomplish its mission as defined in the RGF, including assisting in identification, assessment, monitoring and reporting of risk issues and KRIs; assisting in business process review and revision, as well as advising and coordinating new product assessment, etc. In addition, s/he will lead post-closing loan management, ensure adherence to policies & procedures and deadlines, and provide employees with training and coaching to maintain a high quality of work.
Responsibilities:
Include but are not limited to
Reporting & Loan Support
  • Work with Account Officers to manage a large, multifaceted portfolio of commercial loans.
  • Ensure timely completion of post lending management tasks such as periodic reviews, covenant compliance monitoring, obtaining borrowers’ financial statements, certificates and other information as specified in the Credit Agreements, and coordinate with other departments to manage the Expired Documents Log.
  • Perform review CRR, AR, QR, ticklers, etc. completed by AOs and provide feedback for quality assurance.
  • Update policy and procedure on post-lending management on a continuous basis to ensure these processes and procedures are aligned with the Bank’s Risk Appetite Statement. Establish best post-lending management practices for different industries and different lending product types.
  • Perform self-risk assessment for the department on a quarterly basis, escalating risk issues as necessary.
Risk & Compliance Management
  • Play a key role within Quality Control Unit to accomplish its mission as defined in the RGF: assisting in identification, assessment, monitoring and reporting of risk issues and KRIs; assisting in business process review and revision; advising and coordinating new product assessment, etc.
  • Analyze corporate loan portfolio data to monitor KRI limits, and escalate breach of limits.
  • Contribute to the continuous improvement of business procedures, risk management practices.
  • Collaborate across teams within the department and risk departments to periodically update Risk Assessment which covers eight risk categories compliance risk, credit risk, interest rate risk, liquidity risk, operational risk, price risk, reputation risk and strategic risk.
Business Development Support
  • Coordinate between Corporate Banking Department and auditors, following up on audit issues and get resolutions.
  • Prepare reports for projects and inquiries assigned by management.
  • Train and coach junior staff, sharing knowledge on risk policies and procedures.
Qualifications:
  • Bachelor’s degree in Business, Finance, Accounting or related areas is required; Master’s degree is preferred
  • Minimum 10 years of working experience in banking or financial industry is required, ideally with experience in credit portfolio management covering industries such as energy, technology, material, aviation, and real estate for VP level
  • Proficient in financial modeling and analytics, especially in fundamental credit analysis, both quantitative and qualitative
  • Demonstrate knowledge of lending activities, bank deposit operations, and legal compliance function, as well as solid knowledge of risk applications and metrics for retail and commercial banking
  • Demonstrate excellent communication and interpersonal skills, as well as ability to build rapport with internal stakeholders, legal counsel, regulators and examiners
  • Capability and willingness to develop staff, including new hires, on technical skills is required
Pay Range


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

: USD $65,000.00 - USD $230,000.00 /Yr.

Job Summary

JOB TYPE

Full Time

SALARY

$106k-142k (estimate)

POST DATE

05/06/2024

EXPIRATION DATE

07/03/2024

WEBSITE

boc.cn

HEADQUARTERS

MANHATTAN, NY

SIZE

>50,000

FOUNDED

1912

CEO

SHIQIANG WU

REVENUE

>$50B

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