Chicago Branch-Business Development Associate

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 job of the Associate is to assist VP and AVP in the Business Development Department (Corporate Banking Section) in 1) filing reports 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

Scope of responsibilities, including but not limited to other duties as assigned:

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 & Corporate Banking Department’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.

Compliance and Operations

• 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.

Qualifications

• 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.

Pay Range

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