Securities & Lending Documentation Officer - London, United Kingdom - MARKET TALENT

MARKET TALENT
MARKET TALENT
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description
You will be joining a proactive Credit Administration team at a AA rated International Bank based in the City.

Team are responsible for managing Documentation and Credit Control activities for Corporate Banking and Private banking business post credit approvals.


You will be responsible for the following:

  • Record all the transactions in the Share Point Work Flow system.
  • Ensure smooth flow of day to day activities and transactions assigned by the team leader.

Credit Documentation

  • Maintain credit facility files with all the relevant documents received from the Coverage teams, scanning of facility documentation before recording them in the vault for safe custody.
  • Prepare standard & nonstandard documentation, Syndicated Agreements, Facility Offer Letters, Security related documents, Internal & External legal opinions and other condition precedent documents, etc. in compliance with sanctioned credit approvals.
  • Ensure all security/support documents have been properly executed, signatures are verified and authenticities of the signatories are supported by resolution/POA
  • Coordinate with CAD-International team in Head Office/Product Specialists/Coverage and Credit Teams as and when required in order to complete the documentation process/limit release in the Bank's Systems.
  • Ensure approval from relevant authorities is held for deferrals/waiver of any incomplete documents.
  • Ensure rectification of existing discrepancies/deficiencies (if any) in documentation.
  • Encode lodgement of documents and update collateral data in the Bank's system.
  • Verify and confirm periodically at the time of renewal/review of credit limits that all required security/support documents are physically held in safe custody and periodic cleanup of old and obsolete facility/security documents upon settlement.
  • Verify approvals requested for permanent release of collaterals, security documentation and ensuring that there are no liabilities or outstanding and facilities are cancelled from the system.

Credit Limit and Control

  • Encode and activate credit limits and ensure accurate detailing before inputting the same into the Bank's system.
  • Prepare instructions for provisioning of accounts, customer grade changes, suspension of interest changes and writeoff entries.
  • Encode up to date Overdraft interest rates codes in the Bank's system.

Requirements:


  • Bachelor's Degree in Finance, Accounting, Economics, Commerce or any relevant discipline.
  • Minimum 23 years in Credit Admin function and legal documentation within a Financial Institution, ideally with exposure to
    bilateral, syndicated, Trade Finance and property Finance
:


  • Demonstrate strong understanding of Credit Documentation, perfection of security and collateral management.
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