City National Bank

Provides banking, investment, and trust services

Loan Syndication Officer

Retail & Commercial BankingUpdated on Nov 11

Full-time

About the Job

Requirements

A minimum of 5 years of commercial loan servicing, syndication, participation, and trade finance loan experience is required.
A minimum of 5 years of experience in agency and structured financing operations is required.
A minimum of 2 years of experience using Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook, is required.
A minimum of 5 years of commercial loan servicing experience, including at least 2 years specializing in structured financing operations, is required.
A minimum of 5 years of experience with AFS or Metavante is required.
Complete knowledge and understanding of structured syndication, participations, and production loans is required.
Solid problem-solving skills and extensive knowledge of financial calculations are required.
The ability to work independently with minimal support and computer skills using Windows, Excel, and mainframe applications are required.
The position requires excellent interpersonal verbal and written communication skills.

Responsibilities

Administer and service syndicated and participated loan activity, including boarding all related facilities, commitments, notes, collateral, and guarantors.
Ensure loan packages meet regulatory requirements related to Sarbanes-Oxley, audits, and bank policy.
Perform maintenance, calculations, and adjustments on complex interest and fee accruals.
Establish lead-agent relationships with members and participants regarding contract terms and conduct activities in accordance with the agency relationship specified in each contract.
Verify and fund incoming funding requests from agent banks within required timeframes.
Understand documentation for participation and syndication transactions, including complex loan and credit agreements.
Ensure tax-withholding requirements for foreign borrowers are met and periodically monitored, with appropriate documentation retained in the file.
Calculate, prepare, submit, and collect LIBOR breakage costs from agent banks for structured deals and from borrowers when the bank is lead bank.
Receive and account for fees, charges, and interest when due; reconcile revenue items and, when needed, work with agent banks to reconcile transactions.
Distribute fees, charges, and income to participants in a timely manner and ensure regulatory compliance in all aspects of loan servicing.
Resolve customer and agent-bank inquiries or disputes by troubleshooting and researching problems.
Recommend system enhancements and streamlined processing functions to the Accounting Manager.
Research and resolve moderate to complex accounting inquiries, including interest adjustments, breakage costs, fees on unutilized commitments, and repricing options.
Administer servicing for complex production loans, including maintaining interest and fee reserves; monitor applicable industry requirements and communicate changes to appropriate personnel.
Board facility records in the system, including accounts, commitments, notes, and fees; process renewals, modifications, and maintenance transactions.
Make decisions on fee and interest waivers when warranted and within established guidelines.
Handle loans denominated in non-dollar currencies and work with International to hedge spot or future contracts as needed.
Assist with responses to audits of the Syndication and Participation Desk.
Maintain servicing files for each account and file documentation in a timely manner.
Maintain a proactive commitment to established bank programs, including the Community Reinvestment Act and Affirmative Action.
Comply with bank operational and credit policies and procedures, and regulatory requirements including the Bank Secrecy Act, Know Your Client, Community Reinvestment Act, and Fair Lending Practices.

Desired Qualifications

Working knowledge of foreign currency transactions and interest derivative contracts is preferred.

LOAN SYNDICATION OFFICER

WHAT IS THE OPPORTUNITY?

This position is responsible for administering and servicing syndicated and participated loan activity. Responsibilities include boarding all facilities in relation to syndications and participations, including but not limited to the commitments, notes, collateral and guarantors, ensuring loan packages meet regulatory requirements related to Sarbanes-Oxley, audit, and bank policy, performing maintenance, calculations and adjustments on complex interest and fee accruals, establishing lead agent relationship with members and participants for terms on contract and verifying and funding all incoming funding requests from agent banks in a timely manner.

WHAT WILL YOU DO?

Services structured financing and participation loan activity. Establishes lead agent relationship with members and participants for terms on contract and conducts activities strictly conforming to agency relationship as specified in each contract. Anticipates, plans, and prioritizes competing demands and meet specific transactional timeframes.
Understands all documentation pertaining to any participation and syndication, including the most complex Loan and Credit agreements.
Ensures tax withholding requirements for foreign borrowers have been met and monitored periodically with appropriate documentation held in file.
Verifies and funds all incoming funding requests from agent banks in a timely manner. Calculates, prepares, submits and collects LIBOR breakage costs to agent banks in case of structured deals and to borrowers in instances when CNB is the lead bank.
Receives and accounts for all fees, charges and interest as and when due. Reconciles all revenue items and when necessary work with agent bank in reconciliation of transactions. Distributes fees, charges & income to participants in a timely manner. Ensures regulatory compliance on all aspects of loan servicing.
Resolves customer/agent bank inquiries/disputes by troubleshooting and researching problems. Make recommendation to the Accounting Manager to enhance systems and streamline processing functions. Researches and resolves moderate to complex accounting inquiries including but not limited to interest adjustments, breakage costs, fees on unutilized commitments and repricing options.
Administers servicing of all complex production loans including maintenance of interest/fee reserves. Understands the applicable industry requirements and ensures proper follow-up when changes have occurred by communication and notification to appropriate personnel.
Boards all records on system for the facility, including but not limited to the Account, Commitment, Notes, Fees, etc. Processes all renewals, modifications and maintenance transactions relating to these facilities. Makes decisions on fees/interest waivers when warranted and within established guidelines.
Handles loans demonstrated in non-dollar currencies and work with International to hedge for spot/future contacts as needed.
Assists with responding to various audits performed in the unit relating to the Syndication and Participation Desk.
Maintains servicing files for each account and file all documentation in a timely manner.
Maintains a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affirmative Action.
Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

Minimum 5 years commercial loan servicing, syndication, participation and trade finance loans required.
Minimum 5 years in agency/structured financing operations required.
Minimum 2 years experience using Microsoft Office Suite (e.g., Word, Excel, PowerPoint, Outlook) required.
Minimum 5 years Commercial Loan servicing experience with at least two year specialization in operations of structured financing will be a requirement.
Minimum of 5 years AFS or Metavante experience.

Additional Qualifications

Complete knowledge and understanding of structured a syndication, participations and production loans required.
Working knowledge of foreign currency transactions and Interest Derivative contracts is preferred.
Solid problem solving and extensive knowledge of financial calculations required.
Excellent interpersonal verbal and written communication skills.
Ability to work independently with minimal support and computer skills on Windows, Excel and mainframe applications is required.

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $31.39 - $50.14 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.#CA-NW #LI-NW.

About the Company

City National Bank

Provides banking, investment, and trust services

City National Bank provides personalized banking, investment and trust services to individuals and businesses, with $93 billion in assets and $106 billion in client assets under management or administration. It offers traditional banking, wealth management and fiduciary services through branches and private banking relationships across markets in California, New York, Tennessee, Georgia, Delaware, Nevada, Washington, D.C., and Miami (as CN Bank). The bank distinguishes itself with a strong local footprint, close integration with its parent Royal Bank of Canada, and a history of community giving, including nearly $10 million donated in 2024. Its goal is to help clients grow and protect their wealth while supporting the communities it serves and expanding its market reach through trusted advisory services.

Company size: 5,001-10,000
Company stage: IPO
Headquarters: Los Angeles, CA
Founded: 1953

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