Syndication Loan Processing Associate
About the job
- A bachelor's degree is required.
- Understanding of secondary trades, reconciliation of payments, and basic accounting principles is required.
- Review and verify loan requests against current credit conditions and confirm approval from the Front Business Line for conditions effective to advances.
- Process loan booking, loan amendments, and closing fees in the core banking system or CMS.
- Prepare SWIFT messages for foreign currency transactions.
- Prepare funding with Treasury.
- Process collection of associated closing fees.
- Reconcile monthly fee amortization.
- Reconcile ongoing cyclic commitment and facility fees.
- Reconcile participation standby letter of credit balances and cyclic fees.
- Monitor, review, and control loan due-date transactions daily.
- Monitor and follow up daily on the status of 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 upon request.
- Maintain and update the contact list of syndication deals.
- Report outstanding issues to a superior for resolution.
- Understand and comply with the Bank’s procedures, policies, standards, and regulatory requirements.
- Assist in updating procedures to reflect current workflow processes and control-process gaps.
- Alert the BSA Officer of the Front Business Line about suspicious items.
- Respond promptly to internal and external auditors’ requests.
- Assist in remediating audit findings.
- Experience in financing and banking is highly preferred.
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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