Credit Risk Management Department-Loan Workout Group (“LWG”) AVP

Sumitomo Mitsui Trust Bank Limited New York Branch; New York (NY); On-site; USD 65,000 - 150,000; Full time

Job summary

Bank of China, New York Branch seeks a seasoned Credit Risk and Portfolio Management professional to join the team. You will evaluate risk, monitor loan performance, and prepare reports for Head Office while coordinating with Account Management and regulators.

The role requires strong analytical skills, attention to detail, and bilingual English-Chinese communication. A finance-related degree and several years of experience in loan restructuring are essential.

Qualifications

• Bachelor's degree in Finance/Accounting/Economics required.
• Master's degree in Finance/Real Estate or MBA preferred.
• Minimum 4-5 years of problem loan restructuring/administration experience.
• CFA/FRM certifications preferred.
• Bilingual in English and Chinese required.

Responsibilities

• Prepare accountability reports with Account Management and FLUs.
• Act as secretariat for LWC and prepare minutes.
• Communicate with Head Office and respond to requests.
• Maintain documentation and file in Laserfiche.
• Prepare or review Head Office reports and related instructions.
• Review and reconcile Head Office resolutions and reporting.

Skills

Credit risk analysis

Bilingual English/Chinese

Financial interpretation

Education

Bachelor's degree in Finance/Accounting/Economics

Master's degree in Finance/Real Estate

MBA

Tools

Laserfiche

Job description

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.

The individual will be responsible for the following

• Prepare accountability report, supporting by Account Management Function and FLUs Account Officer
• Act as secretariat of LWC (facilitate meetings and prepare meeting minutes);
• Communicate with Head Office and provide response for Head Office request;
• Ensure Account Management Team maintain appropriate documentation and file in the Laserfiche;
• Provide internal, external audit, loan review, regulatory exam response and document request;
• Prepare or review all types of Head Office report, assisted by Account Management Team and FLUs Account Officer;
• Prepare booking related instruction to OSD; and
• Review and reconcile resolution related requirement from Head Office (including Performance Evaluation, Head Office reporting).

Credit Risk Review

• Evaluate and analyze financial trends on assigned risk rating of each borrower with in-depth analysis.
• Analyze all aspects related to the credit report requests, including but not limited to restructured strategy or other exit strategy, historical and projected financial performance, management, industry, market condition, and third party reports in timely fashion.
• Provide challenges where appropriate.
• Establish the credit risk view with respect to the strategy’s execution soundness or creditworthiness and conformity to the Bank policies and procedures.

Portfolio Management

• Conduct annual and/or quarterly reviews and periodic NPL loan reporting as required by the Bank’s Policy.
• Monitor market and industry trends and assess impact of industry and/or client specific negative news.
• Conduct report and committee pipeline management
• Provide and guide booking instruction from acceptable financial and regulatory standards.

Knowledge and Learning

• Relevant credit/accounting and legal documentation and industry knowledge.
• Knowledge of banking products and regulatory requirement.
• Demonstrate initiative to acquire necessary knowledge (industry, products, market conditions, policies and procedures) to perform job function.
• Demonstrate progression in learning and application of concepts learned.
• Bachelor's degree in Finance/Accounting/Economics required, Master's degree in Finance/Real Estate and MBA preferred.
• Minimum 4-5 years of Problem Loan Restructuring/Administration work experience required.
• CFA/FRM certifications preferred.
• Demonstrate solid experience in credit risk management/due diligence with written credit risk synopsis or loan portfolio reporting.
• Demonstrate knowledge in credit risk management/due diligence within financial sectors.
• Bilingual ability in English and Chinese required.

USD $65,000.00 - USD $150,000.00 /Yr.