Job Details
Foreign bank with approximately US$400 billion in assets with LT counterparty credit ratings of Aa1/AA-/AA- by Moody /S&P/Fitch respectively is recruiting for a Head of Middle Office - Credit and Loan Administration. This position will provide overall management of the Credit Administration Department.
Key responsibilities:
- Ensuring the validity of all credit approvals, proper loan and collateral documentation, appropriate limit control and collateral reporting, verification of conditions precedent, and authorization of initial and subsequent disbursements,
- Ensuring the maintenance of electronic legal documentation and loan files and safekeeping of physical legal and loan documentation,
- Ensuring the timely and accurate reporting of document and credit exceptions and fulfilment of the department s management and regulatory reporting responsibilities.
- Maintain up-to-date policies and procedures, and train, cross-train, and supervise a staff of 10.
- Complete standard checklists in the processing of all Credit Proposals/Reviews/Memos
- Ensure the engagement of legal counsel to review proposed loan documents for adherence to the bank s required documentation standards, potential conflicts of interest between the Agent Bank and the bank in syndicated transactions, and adherence to local market practices.
- As needed, obtain UCC filing, bankruptcy and litigation searches, and obtain appraisals
- Set up and maintain accurate facility, facility limits and collateral information.
- Ensure timely review and update of RCSA and audit issues to avoid non-compliance to the Bank s requirements.
Annual base salary is $139,150 to $184,900.