Associate Vice President - Credit Administration - Bank

Our MNC Bank client has a AVP Credit Administration role at Gandhinagar for Corporate Banking Business. The Specifications are as below. PLEASE NOTE THAT THIS WILL BE A 12 MONTH CONTRACTUAL ROLE

Section 1: Purpose of the position

• Checking of credit applications on compliance with IFSCA/Head Office/internal rules and regulations.
• Reviewing terms and conditions in facility letters and loan/security agreements to ensure compliance with approved credit applications and conditions imposed by Credit Department/Head Office.
• Ensuring loan documentation is complete and conditions complied with before proceeding with facility limit registration.
• Preparing IFSCA/Head Office/internal reports.
  
  

Collateral Administration

• Covenant Control. (Creating Covenant Checklist, due date management, calculations, monitoring, reporting)
• Focusing on adequate risk & controls culture and management, regulatory & compliance controls are well understood ang gaps if any, clearly recognized and risk evaluated.
• To participate and contribute to building robust & deployable Operations resiliency plans in line with Head Office Policies, Procedures & Regulatory guidelines.
• Participating and contributing to the transformation journey in enhancing the overall quality of the Customer & Control deliveries of the Group and support Management in achieving KPI/Goals for the department from time to time.
  
  

Section 2 (A): Scope and Dimension

• To perform Credit administration mid office function at Individual Transaction and at Portfolio level for all transaction booked at GIFT-City IBU
• Keep track on new data and information having potential to impact credit risk and keeping all stakeholders informed on same
• Track Credit Ratings, CIBIL Reporting, HO Guidelines, ESG impact.
  
  

Collateral administration

Covenant Control

• Assist in timely execution of Credit and Collateral Documentation
• Support on MIS preparation, internal and external presentations.
• Coordination with Business, SMBC counterparts at Regional Office, Head Office, Back office and Operations to ensure smooth deal execution.
• Ancillary activities as per team/Branch requirements.
• Ensure compliance with regulatory (IFSCA/ MCA/ JFSA etc.) as well as internal (SMBC HO) guidelines at all times.
  
  

Section 2 (B): Challenges

• The role involves working in fast paced environment.
• Time management and prioritization.
• Ability to handle conflicting situations and multiple activities in parallel.
• Collaborate and communicate with different departments for successful execution & delivery.
• Strict compliance with all policies & procedures applicable to Gift City branch.
  
  

Section 3: Job Responsibilities

• Ensure proper and timely checks on compliance with HO and IFSCA regulations and guidelines on credit applications received.
• Check contents of loan/security agreements for adherence to approved credit terms and conditions.
• Control collection of credit documentation (facility and security documents and CP/CS documents).
• Instruct registration of facility limits/collaterals in systems when documentation is complete/CPs complied.
• Monitor collateral condition (expiry dates and adequacy of insurance policies, collateral valuation, etc.).
• Monitor and manage irregular/exceptional handling transactions until satisfactory closure.
• Monitor/check Master Covenant Control and loan covenant compliance.
• Provide information on collaterals and Credit exposures for regulatory reporting.
• Support for various business units and back-office staff members by providing necessary information on credit control matters.
• Preparation of Management/IFSCA /internal reports.
• Participate in initiatives and projects as assigned.
• Any other matters that may be assigned from time to time.
  
  

Section 4: (a) Knowledge (b) Skills (c) Experience (d) Good understanding of foreign currency loan markets

• Knowledge of corporate banking products - working capital loans, real estate loans, foreign exchange. etc. experience and understanding of UK Law facility documentation and Credit analysis methodology for document checking and alignment with Credit approved terms
• Understanding of Covenant control and calculations for executing the executed and monitoring Master Covenant Checklist
• Understanding of various kinds of charges and collaterals and process of collateral administration/ valuation etc.
  
  

Skills

• Ability to multitask and support on various team activities.
• Strong analytical skills with high comfort on complex calculations (high numeracy)
• Diligent, organized, and meticulous with keen eye for details.
• Open mindset with willingness to learn and is receptive to transformational changes.
• Both a team player and active independent contributor.
• Possess strong interpersonal communication skills.
  
  

(c) Experience

• Relevant experience as per job responsibilities outlined above.
• Degree in Banking and Finance or equivalent with at least 7 to 10 years of relevant experience.
  
  

Qualifications: Full time graduation from a reputed university and preferably FRM/ CFA/ MBA/CA.

Section 5 : Certification: advantage to:

Any courses related to Credit Risk (Moody's) and Documentation certifications (APLMA/ Trade Finance)

(ref:iimjobs.com)