• Quality Control Loan Administrator

    Location US-CA-El Monte
    Job ID
    2018-6112
    Category
    Banking Operations/Back Office
    Position Type
    Full-Time
  • Overview

    For more than 40 years, East West Bank has served as a pathway to success. With over 130 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. And our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, high-tech and aviation help build sustainable businesses and expand our employees’ potential for career advancement.

     

    Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With assets of $37.7 billion, we’re ranked among the 30 largest banks in the United States and currently top 5 in “America’s 100 Best Banks” by Forbes, a list where we've consistently been in the top 15 since 2010. With a strong foundation, an enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

     

    East West Bank is seeking a Quality Control Loan Administrator. The Quality Control Loan Administrator will validate loan data as entered onto the loan accounting system against credit approval documents & loan documents to ensure accuracy in the boarding process with primary focus on complex transactions prepared by Attorneys, including Syndications and Participation loans.

    Responsibilities

     

    • Perform self-testing to ensure accuracy of data input against source documents such as; business loan agreement, loan and security agreement, promissory note, collateral documents and credit approvals.
    • Perform 2nd Review of the code interpretation for proper reporting in accordance with the established matrix based on loan threshold and employee experience.
    • Support manager in the implementation of a secondary Quality Control process within Commercial Loan Documentation and Funding.
    • Work with manager to implement changes for any issues discovered during the Quality Control process.
    • Perform analysis and report to management any issues identified through the loan boarding validation process. Identify training requirement or enhancement to processes.
    • Perform other duties as assigned

    Qualifications

    • Must have knowledge of BSA/AML/OFAC Laws/Regulations, understand how these obligations relate to his/her role, and comply with these laws and regulations
    • Loan Accounting System for loan booking; FIS Insight preferred
    • Ability to prioritize and multi-task in a high pressure environment
    • Strong written and communications skills
    • Strong organizational, analytical and problem solving skills with attention to details
    • Knowledge of and ability to interpret LaserPro or outside counsel-prepared commercial loan documents

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