AVP & Lead- Loan Administration Unit

Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.

JOB PURPOSE:

• Middle office function responsible for the supervision of accurate record keeping and execution of all loan activities including: monitoring borrowing status, preparing new borrowings, rollovers, rate sets, conversions, repayments, prepayments, Fee and providing instructions to operation to act financial transactions related to loan events
• Specialized unit responsible for overseeing the centralized Loan Administration functions and ongoing monitoring of the Syndication and LMA Bilateral Portfolio for the Corporate & Investment Banking across its Head office, representative and International branches in different geographical locations.
• Portfolio management, Reporting, audits and other related tasks within the Loan Administration Unit.

KEY ACCOUNTABILITIES:

• Complete ownership & accountability of all Loan Middle office function
• Oversee all daily activities are conducted in adherence to laid down operating policies and procedures of the bank
• Target Zero Ops loss , Zero High Risk error and no income leakage events
• Overall responsible for Internal and external Audits conducted
• High risk events to be covered in the RCSA document
• Understand and analyse business requirements and overall involvement and responsible for UATs and implementations
• Maintain thorough knowledge of loan products, audit regulations, Central Bank requirements and operational capabilities associated with administration of Syndicated facilities.
• Database management for the portfolio handled. Activities include accurate compilation & timely updation of all Facility terms and conditions required for the ongoing monitoring & administration of facilities during its entire life cycle.
• Review of LMA standard Islamic and conventional Facility Agreements to understand and implement of the commercial terms and conditions for ongoing monitoring of the facility
• Provide technical support to Product partners and Coverage to manage the loan syndication activities of the Bank including the administration aspects for supporting the on-going function required for this line of business.
• Limit check in GLCMS in the system in line with approved product types, terms & conditions, rate structure, fees & any other special instructions.
• Acts as a centralized focal contact point for both external parties and internal stakeholders related to all Operational & Administrative matters for the Syndication portfolio.
• Proper tracking of arrangement fees / upfront fees / Documentation fees and ongoing fees due on various facilities, its calculations and due dates and timely follow-up with facility agents / coverage teams for receipt of payments and passing on necessary instructions to operations teams for booking the same.
• Analyze and verify requests received for drawdowns, re-pricing, rollovers, repayments etc. from Facility Agents related to the syndication & structured Finance portfolio and ensure timely execution and servicing of the same. Authorizing and approving internal memos prepared to operations team for effecting loan disbursements and outward remittances as per Agent Banks instructions.
• Timely follow-up with external Facility Agent Banks for the receipt of notifications on amounts maturing or becoming due and for passing instructions to operations team for timely accounting and reconciliations of the funds received in the Nostro Accounts.
• Collaborating with IT on system enhancements as and when requirements
• Coordinate with Coverage/CAD and Operational teams of International branches in different geographical locations for the administration of loans in respective locations.
• Provide training to the new staff and other team members as and when required

7. QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

• Bachelor’s degree or Higher in Business, Commerce, Accounting and Finance or related discipline.

Minimum Experience

• 8-10 years’ relevant experience in the banking sector with at least 8 years in similar positions of progressively increasing managerial responsibilities in Loan Middle office.