Operation Service Department - Syndication Loan Processing Associate

Responsibilities

• 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.
• Absorb and 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.
• Absorb and assist to remediate any audit issue findings

Qualifications

• Bachelor's degree required
• Understanding of Secondary Trades, reconciliation of payments and basic accounting principles required
• Experience in financing and banking is highly preferred