Osd-limit Setup Team Associate - New York, United States - Bank of China Limited, New York Branch

Bank of China Limited, New York Branch

Verified Company

New York, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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 support all aspects of financial credit limit setup process for various departments across the Bank, ensure accurate and timely receipt on required documentation, review of credit related documentation and front-line business approve instructions to set-up of credit limits onto the system platform, etc.

Responsibilities:

Include but are not limited to: _

_Limit Setup_

Ensure all Pre closing documents provide from Account Officer such as CRR, CAC approval, KYC approval, Legal and other related documentation on credit facility structure have been properly reviewed and received
Reviewing/process limit setup in accordance with the received limit setup documents, included but not limited to amendment of customer profiles, increase/decrease limit, facility extension/refinance/termination
Completed LIMS setup after limit completion setup for the loan processing team to setup new loans, extending existing loans, and termination of existing facility
Maintaining the completeness and orderly files by scanning and uploading documentation into related systems and safe guard original co pies of loan documentation to Document Collateral Team
Communicated any issue arising during the limit setup process to supervisor
Ensure access data is regularly updated to reporting tracking purposes

_ Collateral Management_

Perform the review and operation process of secured collatera
Update collateral data on a continuous basis in system
Notify supervisor of any exceptions that occurs
Reach out AO of Front Business line for confirmation and supporting document on any collateral update & termination

_ Risk/Compliance_

Attend compliance and risk management training
Regular updates of procedure to align with workflow practices
Understand bank's policies, procedures, compliance requirements and risk governance principles

**_
Ad-hoc Support_**- Participated in system testing where applicable

Assisting other aspects of tasks if necessary
Participate in special projects and other duties assigned

Qualifications:

Bachelor's degree is required; preferably in Accounting, Business or Finance majors
At least 1 year of work experience in banking or financial service industry
Solid knowledge of finance or business is required; computer and programing knowledge is preferred
Proficiency in MS Excel, Word and PowerPoint and SQL plus is required
Fluency in Mandarin is preferred

Pay Range:
USD $42, USD $90,000.00 /Yr.