AVP-Credit Adminstration
Job Juncture, New York, NY, United States
One of Singapore's Largest Banks Recruitment • Assistant Vice President/Manager, Credit Administration and Control (NYC – Midtown Manhattan)
One of Singapore's largest banks (corporate banking) seeks to hire Assistant Vice President/Manager, Credit Administration and Control for its NYC 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 safe custody of original credit and security documentation and updating collateral management system. Prepare monthly and regulatory reporting and credit risk monitoring. You will be expected to be involved in process improvements 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 implementation of credit facilities.
Demonstrates strong product knowledge across real estate, construction, project financing, and trade.
Manages the safe keeping of the legal and security documentation in the vault and updates it 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
Bachelor's 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.
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One of Singapore's largest banks (corporate banking) seeks to hire Assistant Vice President/Manager, Credit Administration and Control for its NYC 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 safe custody of original credit and security documentation and updating collateral management system. Prepare monthly and regulatory reporting and credit risk monitoring. You will be expected to be involved in process improvements 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 implementation of credit facilities.
Demonstrates strong product knowledge across real estate, construction, project financing, and trade.
Manages the safe keeping of the legal and security documentation in the vault and updates it 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
Bachelor's 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.
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