Banking

AVP Credit Documentation

Published:
18th March 2022
Location:
London, United Kingdom
Category:
Banking  
Job Type:
Salary:
up to £75,000 per annum plus excellent bonuses and benefits package
Role:
Operations & Middle Office

Description

We are working with a AA rated International Bank who are seeking an AVP Credit Documentation Manager to support the Head of Credit Admin and uphold the following duties:

Credit 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 and Review of 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 Bank’s 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.
  • Prepare and circulate documentation deficiency (expired/deferred documents) and collateral reports and following up for its timely submission /renewal.
  • Encode lodgement of documents and update collateral data in the Bank’s 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.
  • Review/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.

Knowledge & Experience:

  • Bachelor’s Degree in Finance, Accounting, Economics, Commerce or any relevant discipline.
  • Minimum 7-8 years with at least 5 years’ of experience in Credit Admin function and legal documentation within a Financial Institution, preferably with International experience across multinational banks, extensive experience and involvement in credit approval process.

Aisha Ishaq

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