Jorge Velasquez
About Jorge Velasquez
Jorge Velasquez is a Commercial Loan Syndications Officer at City National Bank in Los Angeles, CA, where he has worked since 2018. He has extensive experience in finance, having previously held positions at Bank of America Merrill Lynch and Bank of America, where he specialized in asset-based lending and loan servicing.
Work at City National Bank
Jorge Velasquez has been serving as a Commercial Loan Syndications Officer at City National Bank since 2018. In this role, he manages 22 Foreign Currency Commercial Loans, with an average principal outstanding of $7.6 million. He utilizes People Soft software to manage general ledger FX transaction tickets that impact six general ledgers at the bank. Velasquez has maintained a record of no internal audit findings on transactions processed in 2020, demonstrating his attention to detail and compliance with bank regulations.
Previous Experience at Bank of America
Before joining City National Bank, Jorge Velasquez worked at Bank of America Merrill Lynch as an Asset Based Lending Collateral Analyst for 16 years, from 1996 to 2012. He also held the position of Home Loan Services Specialist III for one year from 2012 to 2013, and worked as a Depository Trust Clerk from 1993 to 1996. His extensive experience at Bank of America provided him with a strong foundation in financial services and loan management.
Early Career at Apple One Temporary Employment
Jorge Velasquez began his career as a Staff Accountant Collection Representative at Apple One Temporary Employment in 2014, where he worked for six months in Monterrey Park, CA. This position allowed him to develop skills in accounting and collections, contributing to his overall expertise in finance.
Achievements in Performance and Compliance
In 2020, Jorge Velasquez achieved a performance accuracy of 98%, an improvement from 97.71% in 2019. He assessed and billed 150 UCC continuation fees to Co-Invest customer accounts and processed 1,569 FX LIBOR rollover rate settings on maturity dates in the same year. His efforts ensured compliance with quality assurance guidelines by meeting processing effective date deadlines.
Innovative Contributions to Loan Balancing
Jorge Velasquez created a spreadsheet for foreign currency breakdown transactions specifically for the loan balancing department. This innovation supports the effective management of foreign currency transactions, enhancing operational efficiency within the department.