Financial Institutions Department - Credit AVP/Associate

Sumitomo Mitsui Trust Bank Limited New York Branch; New York (NY); On-site; USD 42,000 - 150,000; Full time

Job summary

Bank of China in New York seeks AVP/Associate-level Credit Portfolio and Credit Officer roles to conduct thorough credit analyses on new requests, renewals and annual reviews while maintaining strong relationships with Financial Institutions and ensuring adherence to OCC and internal policy.

Responsibilities include due diligence on CRR entities, presenting analyses to loan officers, updating CRR trackers, supporting audits, and assisting onboarding of new clients.

Qualifications

• Bachelor’s degree in business, accounting, computer science, economics, mathematics, finance or statistics required.
• Master’s degree preferred.
• Knowledge of credit risk, financial and statistical analysis, credit administration, policies and procedures, and regulatory compliance is required.
• Effective credit report writing skills required.

Responsibilities

• Conduct in-depth analysis of new credit requests, credit change requests, renewals and annual customer relationship reviews.
• Report any findings that may have an adverse effect on loan collateral or borrower’s ability to pay/repay the loan.
• Present detailed credit analysis to relevant parties (e.g. Loan Officers).
• Ensure all credit files are complete with supporting documentation.
• Perform annual file reviews.
• Update CRR and Credit usage tracker.
• Complete any credit related tasks/assessments requested by 2nd line in a timely manner.
• Participate in internal and external audit request, and take remediation actions as needed.
• Participate in special projects and other duties as assigned.

Skills

Credit risk management

Credit analysis

Financial analysis

Report writing

Communication skills

Regulatory compliance knowledge

Attention to detail

Interpersonal skills

Education

Bachelor’s degree in business, accounting, computer science, economics, mathematics, finance or statistics

Master’s degree preferred

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.

This position will conduct various types of credit analysis on loans and perform the annual review of credit limits. In addition to administer and maintain superb relationships with Financial Institutions to expand the bank’s customer base and increase the business with each in correspondent in accordance with established policy and procedures. Coordinating with other department to ensure the bank relationships follow the most up-to-date OCC and other regulations is also needed for this role.

Credit Portfolio Maintenance/Credit Officer

• Conduct in-depth thorough analysis of new credit requests, credit change requests, renewals and annual customer relationship reviews
• Report any findings that may have an adverse effect on loan collateral or borrower’s ability to pay/repay the loan
• Present detailed credit analysis to relevant parties (e.g. Loan Officers)
• Ensure all credit files are complete with supporting documentation
• Perform annual file reviews
• Update CRR and Credit usage tracker
• Complete any credit related tasks/assessments requested by 2nd line in a timely manner
• Participate in internal and external audit request, and take remediation actions is needed
• Participate in special projects and other duties as assigned

Credit Review and Ongoing Screening

• Conduct due diligence on CRR entities in accordance to bank policies, procedures and regulatory requirements
• Report any unusual credit activities to supervisor and Department Head
• Review loan files as needed to ensure quality, consistency, and compliance with regulatory requirements
• Performing quality assurance and editorial function for the credit recommendation report and proposal

Customer Service

• Perform liaison functions for FI customers and relevant business departments to resolve their inquires
• Actively support new type of customer and new product onboarding
• Bachelor’s degree in business, accounting, computer science, economics, mathematics, finance or statistics required; Master’s degree preferred
• At least 4 years of work experience of credit risk management required for AVP; At least 1 year of work experience of credit risk management required for Associate
• Excellent written and verbal communication and interpersonal skills required
• Must be organized and detail orientated with follow-up skills
• Knowledge of credit risk, financial and statistical analysis, credit administration, policies and procedures, and regulatory compliance is required
• Effective credit report writing skills required

USD $42,000.00 - USD $150,000.00 /Yr.