Loans Administration Senior Associate - City of London, United Kingdom - CP Recruitment Services Ltd

CP Recruitment Services Ltd
CP Recruitment Services Ltd
Verified Company
City of London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

A minimum of 10-15 years' experience in banking operations preferably acquired within an international banking environment in a supervisory position.


  • Commercial banking operations experience with Loan products.
  • Understanding / knowledge of Loan Products, and standard terms and conditions
  • Knowledge of operational policies and procedures having the ability to analyse problems and provide resolutions.
  • Analytical skills having the ability to review figures and identify errors.

Job Purpose
To ensure all Loans Administration products are processed in compliance with C.P.

& P, as well as monitor the workflow of all items relating to Loans for London and Paris and Frankfurt.


Job Context
To ensure all Loan products are accurately booked along with providing the highest level of service to all internal and external customers for London, Paris and Frankfurt


Responsibilities, Accountabilities & Deliverables:


  • To assist and provide cover to the Head of Department, including the supervision and training of less experienced team members
  • Awareness of risk and compliance issues and that risk policies and processes are understood and followed
  • Development and deployment of operational best practices using recognized industry concepts e.g., Lean / Six Sigma to increase process efficiency whilst minimizing operational risks,
  • Implementation of Key Performance metrics / capacity planning and SLAs to drive a consistent, rigorous and ongoing assessment of operational performance
  • Alignment and standardization of processes for key products to create one best way / support the delivery of a Group standard Target Operating Model.
  • Identification of opportunities to reduce costs and improve quality and control through rationalization of operations processes
Overall responsibility of the departmental day to day tasks, detailed below:

  • Core Loan duties
  • General daily Loans Administration duties, including drawdowns, rate fixes, rollovers, fees, transfers, cancellation, prepayments, notices and advices in accordance with agreed and documented processes.
  • Review facility documentation for operational feasibility, in conjunction with the internal and external stakeholders, covering loan products:
  • Syndicated Participations (term loans / RCFs)
  • Bilateral uncommitted and committed
  • Scheldschein Loans
  • Master Participation Agreement
  • Insurance
in accordance with LMA and BAFT standard term and conditions

  • Prepare and/or check Sales/Transfers/Participations of Loan Products, including settlement and maintenance of those sold on a participation basis (pseudoAgency role)
  • Position, create and/or authorize payments in relation to Loan Products
  • Record and maintain facilities within the Banks systems
  • Record and report nonperforming loans
Other

  • Daily Nostro Reconciliations are actioned (with Month End reporting of outstanding items)


  • Reports

  • Daily MI / Monthly MI, reconciled Suspense's, Quality Assurance of transactions and Balance Sheet Substantiations
  • Communicate with and assist internal and external stakeholders
  • Participate in project work and champion continuous improvement developments for the department
  • Check and process Long Term Borrowings
  • Process audit requests
  • Maintain original documentation register
  • Archiving
Mortgages

  • Check Review/Claim Letters
  • Monitor and authorize the process of mortgage payment receipts
  • Process/Authorize mortgage redemptions
  • Conducting Yearly and Midyear appraisals for the team, setting objectives in line with Bank's strategy
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