Credit Risk Management-Credit Administration Team VP

Introduction

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 VP will oversee the post credit approval process, ensuring compliance with internal policies and regulatory requirements. This role is critical in managing credit risk while providing leadership in the review and approval of loan documentation and legal terms prior to disbursement. 

Responsibilities

Pre-Disbursement Review

• Review and analyze loan applications and supporting documentation to ensure compliance with lending policies.
• Document Verification: Ensure that all necessary documentation (loan agreements, collateral documentation, borrower identification) is complete and accurate.
• Credit Approval Confirmation: Verify that the loan has received all necessary credit approvals and adheres to internal lending policies.
• Policy Adherence: Confirm compliance with the bank’s internal policies and procedures related to lending and credit risk.
• Terms Verification: Review the loan agreement to ensure that all terms and conditions (interest rates, repayment schedules, covenants) are correctly captured and reflect what was approved.
• Conditions Precedent: Check that all conditions precedent to disbursement outlined in the loan agreement have been fulfilled (e.g., insurance coverage, completion of due diligence).
• Collateral Requirements: Confirm that all necessary collateral pledged and appraised if applicable.

Post Lending Monitoring and Collateral Management 

• Oversee the valuation of various types of collateral, including real estate, equipment, and financial assets, ensuring accurate and timely assessments.
• Implement robust processes for regular collateral reviews and adjustments based on market conditions.
• Monitor collateral performance and identify potential risks associated with collateralized loans.
• Develop and maintain a comprehensive collateral database to track collateral values and related metrics.
• Prepare and present reports on collateral performance, risk exposure, and compliance to senior management.
• Utilize data analytics to identify trends, inefficiencies, and opportunities for improvement within the collateral management function.
• Regularly update the valuation of collateral based on ongoing assessments and market conditions, ensuring that the bank's risk exposure is accurately reflected.

Credit Risk Governance and Reporting  

• Prepare various credit risk reports and present to risk committees and senior management
• Lead ad-hoc analysis based on emerging risk trends or at the request of senior management
• Establish new/enhance existing credit policies and procedures in line with industry practice, regulatory guidance
• Develop and implement credit administration policies and procedures to enhance operational efficiency and minimize risk.

Cross-Departmental Collaboration

• Collaborate with all risk management, relationship managers, and credit officers to ensure a cohesive approach to credit risk management.

  Serve as a point of contact to provide insights on credit risk and facilitating the end-to-end lending process.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field; MBA or advanced degree preferred.
• Minimum of 8-10 years of experience in credit administration, risk management, or a related field, with at least 5 years in a leadership role.
• CPA/CFA/FRM is preferred
• Demonstrate strong understanding of credit policies, regulatory requirements, and legal aspects of lending.

Pay Range

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