Loan Operations Officer
Michael Page City of London
About Our Client
My client is a European bank with a hub in London. They are looking for an experienced Loan Operations Officer candidate for a MO role within a Bank based in The City of London. The team is small so this would suit someone who can work on their own initiative and has the experience in this product area within middle office to excel with minimal supervision.
Job Description
Loan Operations Officer, City of London, Financial Services - Banking- Administration of operations for various risk and banking products in the Branch including inter alia:
- verification of received credit documentation and legal agreements for disbursement of risk products (loans: bilateral and syndicated, guarantees, factoring)
- introducing new risk products into the system and verification of the coherence between the transaction documentation and system data
- establishing the collaterals and recurring monitoring
- fees and commissions administration
- disbursement of the loans
- verification of conditions precedents and subsequent
- monitoring the terms and obligations of credit agreements concluded,
- monitoring the timeliness of loan repayments together with release of the collaterals after repayment
- Ensure operations are booked in compliance with group and local regulations
- Provide direct support to the Commercial Team and Back Office including inter alia ensuring accurate and timely collection of customer's data and documents, including Know Your Customer related documents.
- Maintain current knowledge of all laws and regulations along with Bank´s policies and procedures.
- Maintain and nurture a smooth relationship with HQ's departments in order to proactively solve any matter that may arise in relation to the scope of tasks.
- Any other duties reasonably required by the reporting manager consistent with the grade and scope of the post.
- Prior experience working within Loan administration and the middle office required.
- Ideally coming from a small team environment. Or someone that has a 360 bank environment knowledge who has worked with Legal, Compliance, Risk, BO and all or the corporate banking sections of an organisation
- Very good communications skills in English, other European languages would be a bonus.
- Experience of writing report
- Ability to draft clear and concise reports.
- Excellent organisational skills and to establish priorities.
- Proactive approach to learning and developing new skills.
- Ability to work both, independently and as a team.
What's on Offer
Loan Operations Officer role within Middle Office role for a Bank based in The City of London.
£50-60k base
10% bonus
Private Health and Dentistry
Excellent Pension.
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