Lending Documentation & Security Doc - Corporate Banking

Job Description

Credit Admin Specialist is responsible for managing Documentation and Credit Control activities for Corporate Banking and Private Banking business post credit approvals.Key Accountabilities:

• Maintain relationships with all key stakeholders (incl. Coverage, Risk, Credit, PBOps, Trade Finance)
• Promptly identifying and mitigating credit risk.
• Client base to be restricted to clients and/or exposures managed in London Branch.
• This role plays an important role in the prevention and detection of Financial Crime as well as in supporting both first line and second line of defence
• Timely fulfilment of day to day tasks, business requirements and regular housekeeping activities in accordance to the regulatory and performance standards of the organization.
• 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.

Job breakdown: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 & non-standard 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 Banks 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 Banks 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 clean-up 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.

Limit and Control:

• Encode and activate credit limits and ensure accurate detailing before inputting the same into the Banks system.
• Maintain accuracy with regards to application of interest rates, commission, charges and various types of fee.
• Prepare instructions for provisioning of accounts, customer grade changes, suspension of interest changes and write-off entries.
• Prepare Facility Summary Sheet and sharing copies of Loan Agreements to Loan Middle Office related to Loan Administration Function.
• Carry out monthly activities such as review of limits in GLCMS and Core Banking System (T24), amendment of interest rates as applicable.
• Encode up to date Overdraft interest rates codes in the Banks system.

Qualifications and Experience:

• Bachelors Degree in Finance, Accounting, Economics, Commerce or any relevant discipline.
• Minimum 3-5 years with at least 3 years of experience in Credit Admin function and legal documentation within a Financial Institution.

Keyskills :
Collateral Managementcredit administrationcredit limitsecurity documentationlending documentation