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Bank of China USA

Runs cross-border banking between the US and China

Business Development/Corporate Business Associate

Full-TimeDeadline 9/16/27
$42k - $90k/yr
Mid
Bachelor's
Flushing, Queens, NY, USA
In Person
Finance & BankingRetail & Commercial Banking

About the job

Requirements
  • A bachelor's degree or above is required; Finance, Economics, Accounting, or a relevant field is preferred.
  • At least 4 years of general corporate and commercial banking and lending experience is required.
  • Moderate knowledge of financial analysis and credit underwriting, primarily in CRE lending, is required.
  • Knowledge of due diligence processes, regulatory requirements, and compliance is required.
  • Proficiency in Microsoft Word, Excel, Access, and PowerPoint is required.
  • Bilingual ability in Mandarin and English is required.
Responsibilities
  • Implement preset business strategies to develop the Branch’s general corporate banking and credit businesses and expand the client base by pursuing market opportunities.
  • Assist in approaching and liaising with new customers and advancing customer onboarding in coordination with the New Account Team and BSA/KYC Team.
  • Assist in underwriting commercial (non-CRE) loan businesses by analyzing project creditworthiness and risk mitigants, drafting credit recommendation reports, and presenting recommendations to the Bank Committee for credit approval in accordance with Bank policies, procedures, and credit underwriting standards.
  • Assist with market and industry research to identify business opportunities in general corporate banking and commercial credit businesses in the non-CRE sector.
  • Participate in market and industry events to promote and cross-sell the Bank’s corporate and commercial banking products and services.
  • Meet business objectives set by the supervisor and Branch Manager.
  • Coordinate with Credit Risk Management, Operations Services, and Quality Control to manage post-lending tasks, including monitoring project financial and operating performance; conducting customer and site visits; collecting financial reports, tax returns, insurance certificates, and professional reports; preparing annual and quarterly loan reviews for supervisor review; and addressing post-lending questions and issues in a timely manner in consultation with the supervisor.
  • Manage customer relationships to ensure seamless client service and support, and promote and cross-sell other corporate products and services.
  • Respond to customer inquiries and complaints professionally and promptly in consultation with the supervisor.
  • Collaborate with the BSA/KYC team on preliminary compliance assessments during corporate customer onboarding, periodic reviews, and event-triggered reviews.
  • Identify, monitor, mitigate, report, and escalate emerging risks, primarily involving corporate accounts and commercial credit in the non-CRE sector.
  • Follow the Bank’s applicable risk and compliance policies and procedures in daily operations.
  • Participate in bank-wide projects and perform occasional tasks assigned by the supervisor and Branch Manager.

About the company

Bank of China USA, the US branch network of Bank of China, handles banking between the United States and China for companies, financial institutions, and wealthy individuals. It was the first Chinese bank in the United States and uses its parent's global network to connect clients with overseas banking services. Chinese companies operating in the US and Fortune 500 firms use it for corporate loans, trade finance, currency trading and cross-border cash management, paying interest and service fees, while individuals use its personal banking. The US network dates to 1981, when Bank of China, founded in 1912, reopened its operations with a branch in New York, where the US business is based.

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1981

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Simplify's Take

What believers are saying

  • BOCUSA's August 2026 Beijing and Shanghai sessions drew nearly 30 client institutions, reinforcing its cross-border sales channel.
  • BOCUSA describes employee youth mentoring with one-to-one meetings every two weeks during the school year.
  • BOCUSA says over 90% of clients are U.S.-based, anchoring its customer relationships in the American market.

What critics are saying

  • BOCUSA's Queens compliance roles allocate 50% to regulatory controls and 45% to account review and transaction monitoring.
  • BOCUSA's Chicago and Los Angeles deposits lack FDIC insurance, leaving that funding outside the U.S. deposit-guarantee system.
  • BOCUSA's federal branches need not report regulatory income, limiting standard comparisons of U.S. branch profitability.

What makes Bank of China USA unique

  • Bank of China USA is one of two banks designated for yuan clearing in the United States.
  • BOCUSA's New York branch handles CME futures-exchange payments in dollars and yuan, with overnight credit for clearing members.
  • BOCUSA's New York and Queens branches jointly hold a regulatory deposit equal to 5% of third-party liabilities.

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