Job Description

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes the Operations Resilience and Operation Control teams which are responsible for overseeing the Bank's resilience programme and managing user rights for certain systems. As a Junior Assistant - Loan Administration, you will be responsible for administering the delivery of all functions in respect of syndicated and bilateral loans, providing good operational support and services to Corporate Banking, Financial Institutions and Risk Management departments as well as other relevant stakeholders. This is a 12 month full time fixed term contract position.
Key responsibilities

• Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms
• Prepare business requests and perform system upgrade testing
• Calculate, process and reconcile commitment/utilisation fees and charges; actively follow up with agents/customers on missing payments
• Liaise with the Global Financial Markets department regarding funding requirements and communicate fund movements promptly to the Clearing and Payments department
• Liaise with agents and advise the relationship managers on any system issues affecting their respective facilities
• Process and accurately book all core loan transactions, including drawdowns, rollovers, repayments, and rate fixings for agency, syndication, and bilateral facilities
• Process fund receipts and payments using GUPP, SWIFTMS and WBIFN systems
• Reconcile and process commitment/utilisation fees and charges as well as chase missing payments from agents/customers
• Reconcile journal entries for transactions balancing under the Bank's systems
• Review and analyse legal and loan documents and approvals for new and existing agency, syndication and bilateral facilities
• Provide essential administrative support to the team head

Requirements

• Degree educated in Business, Finance, Accounting or other relevant subject
• Proven track record in similar business stream
• Knowledge of syndicated loan and bilateral products and processes
• Attention to detail
• Commercial awareness
• Highly organised and able to work in a fast paced environment
• Team player with ability to work independently
• Proficient in MS Office (Microsoft Word, Excel, PowerPoint)
• Excellent communication skills

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.

Skills Required