Operation Service Department-Syndication Loan Processing Associate

Bank of China USA; New York (NY); On-site; USD 42,000 - 90,000; Full time

Job summary

A leading bank is seeking a Syndication Loan Processing Associate for their Operation Service Department. The role involves managing syndicated loan processes, ensuring compliance, and maintaining accurate operations in line with bank policies. Candidates should possess a bachelor’s degree and 3+ years of relevant banking experience, with a strong understanding of secondary trades and payment reconciliation.

Qualifications

• At least 3 years of Commercial banking or Corporate banking experience is required.
• Experience in financing and banking is highly preferred.

Responsibilities

• Review and verify loan requests to ensure alignment with credit conditions.
• Process loan bookings, amendments, and fees in the banking system.
• Reconcile monthly fee amortization and ensure timely operations.

Skills

Understanding of Secondary Trades

Reconciliation of payments

Basic accounting principles

Education

Bachelor's degree

Job description

Operation Service Department-Syndication Loan Processing Associate

Join to apply for the Operation Service Department-Syndication Loan Processing Associate role at Bank of China USA

Operation Service Department-Syndication Loan Processing Associate

1 week ago Be among the first 25 applicants

Join to apply for the Operation Service Department-Syndication Loan Processing Associate role at Bank of China USA

Get AI-powered advice on this job and more exclusive features.

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 Syndication Loan Process Associate is to ensure the timely and accurate operation and administration process of syndicated loan and standby letter of credit transactions originated by the Front Business Line, review and process loan transaction requests and conditions effectiveness against current credit terms are performed and align with the Bank’s procedures, policy guidelines, standards, and regulatory requirements.

Responsibilities

Syndication Loan Transaction/Administration

• Review and verify loan requests are current to credit conditions, approval from Front Business Line of conditions effectiveness to advances
• Process loan booking, Loan amendment, and closing fees in the core banking system or CMS
• Prepare SWIFT messages on foreign currency transactions
• Prepare funding with Treasury
• Process the collection of associated closing fees
• Reconcile monthly fee amortization
• Reconcile on-going cyclic commitment and facility fees
• Reconcile participation standby letters of credit balances and cyclic fees
• Daily monitor, review and control of loan due date transactions
• Daily monitor and follow up status on past due payments
• Create and maintain loan files
• Review Secondary Trade documents
• Review end of day reconciliation to ensure all related transactions are processed
• Process balance confirmations per request
• Maintain and update the contact list of Syndication deals
• Report any outstanding issues to superior for resolution
  
  

Risk Management/Compliance/Internal Audit

• Understand and comply with the Bank’s procedures, policies, standards, and regulatory requirements
• Assist to update procedure to reflect current workflow processes and gaps on control processes
• Alert of any suspicious items and report to BSA Officer of the Front Business Line
• Respond timely to Internal/External auditors’ requests
• Assist to remediate any audit issue findings
  
  

Qualifications

• Bachelor's degree required
• At least 3 years of Commercial banking, or Corporate banking experience is required
• Understanding of Secondary Trades, reconciliation of payments and basic accounting principles required
• Experience in financing and banking is highly preferred
  
  

Pay Range

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

USD $42,000.00 - USD $90,000.00 /Yr.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

Referrals increase your chances of interviewing at Bank of China USA by 2x

Sign in to set job alerts for “Loan Clerk” roles.

Fairfield, NJ $55,000.00-$80,000.00 3 months ago

New York, NY $65,000.00-$75,000.00 1 day ago

Syndicated Loan Transaction Coordinator – Associate

New York, NY $65,000.00-$75,000.00 1 day ago

Loan Servicing Representative III - Escrow Processing

Lake Success, NY $55,000.00-$75,000.00 1 week ago

Loan Servicing Representative I - Transaction Processing

New York City Metropolitan Area $27.00-$33.00 2 days ago

Clerk 3, 12 Months - School Locations SY 2025-2026 (NBOE)

Core Crew (Front Desk & Sales) - FiDi, NY

Loan & Treasury Operations Officer (Associate / AVP Level)

New York City Metropolitan Area $70,000.00-$90,000.00 6 hours ago

FIELD ELIGIBILITY VERIFICATION SPECIALIST

OVER-THE-COUNTER (OTC) SITE INFORMATION CLERK

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.