AVP--Credit Adminstration
NPAworldwide, New York, NY, United States
Overview
Job Description
One of Singapore's largest banks (corporate banking) seeks to hire Assistant Vice President/Manager, Credit Administration and Control for the NYC (Midtown Manhattan) office.
Summary
Credit Administration and Control (CAC) provide back-office credit and security documentation checking for corporate & financial institutional customers, credit risk monitoring support to credit and business units of the Bank, and loan agency function. Reporting to the Operations Manager, you are responsible for reviewing and managing credit and security documentation for corporate & financial institutional customers. Ensure credit and security documentation are perfected, in good order, compliant with approved credit terms and aligned with regulatory and internal policies prior to implementation of credit facilities. Manage the safekeeping of original credit and security documentation and updating collateral management system. Prepare monthly and regulatory reporting and credit risk monitoring. You will be involved in process improvement project initiatives and other operational risk related activities.
Responsibilities
Bilateral Loans : Responsible for issuance of facility letters and reviewing non-standard facility agreements and security documentation for complex deals drafted by external lawyers. Ensuring all the terms enumerated in the credit and security documentation are compliant with approved credit terms, related Group policies, guidelines and procedures, and regulatory requirements. Ensure executed documentation is perfected and in good order, aligned with approved credit terms prior to implementation of credit facilities. Active risk management. Highlight and resolve any discrepancies identified, ensure proper approval is obtained from the authorized approver prior to the implementation of credit facilities. Demonstrates strong product knowledge across real estate, construction, project financing, and trade. Manages the safekeeping of legal and security documentation in the vault and updates in the collateral management system.
Syndication Loans : Perform Loan Agency function administrative tasks to support both the borrower and lenders. Ensure documentation is perfected and in good order, aligned with approved credit terms. Acting as an agent is a varied and highly visible role requiring accuracy and sound understanding of complex deal mechanics. Strong communication skills are required in managing the borrower, lenders and internal stakeholders. Active risk management to minimize commercial impact to the bank, borrower and lenders.
Credit Risk Monitoring, Reporting and Operational Risk : Perform credit risk monitoring and escalation of exceptions for covenants, security documentation with expiry date, property revaluation, insurance renewal, annual credit review and related early alert indicators required by Credit. Prepare monthly limit and exposure report, various internal and regulatory reporting related to loans.
Qualifications
Bachelors degree in business administration, banking and finance, risk management or related discipline.
Minimum of 5-8 years of solid experience in credit administration and/or loan agency functions within a wholesale or corporate banking environment.
Highly meticulous with strong risk awareness, capable of working independently, adaptable to fast-changing environments, and equipped with strong communication, interpersonal, and organizational skills.
Demonstrated strong quantitative, analytical, and problem-solving abilities, particularly in credit control, documentation, and portfolio monitoring.
Ability to manage multiple initiatives simultaneously and to perform effectively under demanding conditions and tight deadlines.
#J-18808-Ljbffr
Job Description
One of Singapore's largest banks (corporate banking) seeks to hire Assistant Vice President/Manager, Credit Administration and Control for the NYC (Midtown Manhattan) office.
Summary
Credit Administration and Control (CAC) provide back-office credit and security documentation checking for corporate & financial institutional customers, credit risk monitoring support to credit and business units of the Bank, and loan agency function. Reporting to the Operations Manager, you are responsible for reviewing and managing credit and security documentation for corporate & financial institutional customers. Ensure credit and security documentation are perfected, in good order, compliant with approved credit terms and aligned with regulatory and internal policies prior to implementation of credit facilities. Manage the safekeeping of original credit and security documentation and updating collateral management system. Prepare monthly and regulatory reporting and credit risk monitoring. You will be involved in process improvement project initiatives and other operational risk related activities.
Responsibilities
Bilateral Loans : Responsible for issuance of facility letters and reviewing non-standard facility agreements and security documentation for complex deals drafted by external lawyers. Ensuring all the terms enumerated in the credit and security documentation are compliant with approved credit terms, related Group policies, guidelines and procedures, and regulatory requirements. Ensure executed documentation is perfected and in good order, aligned with approved credit terms prior to implementation of credit facilities. Active risk management. Highlight and resolve any discrepancies identified, ensure proper approval is obtained from the authorized approver prior to the implementation of credit facilities. Demonstrates strong product knowledge across real estate, construction, project financing, and trade. Manages the safekeeping of legal and security documentation in the vault and updates in the collateral management system.
Syndication Loans : Perform Loan Agency function administrative tasks to support both the borrower and lenders. Ensure documentation is perfected and in good order, aligned with approved credit terms. Acting as an agent is a varied and highly visible role requiring accuracy and sound understanding of complex deal mechanics. Strong communication skills are required in managing the borrower, lenders and internal stakeholders. Active risk management to minimize commercial impact to the bank, borrower and lenders.
Credit Risk Monitoring, Reporting and Operational Risk : Perform credit risk monitoring and escalation of exceptions for covenants, security documentation with expiry date, property revaluation, insurance renewal, annual credit review and related early alert indicators required by Credit. Prepare monthly limit and exposure report, various internal and regulatory reporting related to loans.
Qualifications
Bachelors degree in business administration, banking and finance, risk management or related discipline.
Minimum of 5-8 years of solid experience in credit administration and/or loan agency functions within a wholesale or corporate banking environment.
Highly meticulous with strong risk awareness, capable of working independently, adaptable to fast-changing environments, and equipped with strong communication, interpersonal, and organizational skills.
Demonstrated strong quantitative, analytical, and problem-solving abilities, particularly in credit control, documentation, and portfolio monitoring.
Ability to manage multiple initiatives simultaneously and to perform effectively under demanding conditions and tight deadlines.
#J-18808-Ljbffr