Loan Settlement Specialist

5 days ago


Finsbury Square, United Kingdom HR GO Recruitment Full time

Job Summary:

HR GO Recruitment is seeking a highly skilled Loan Settlement Specialist to join our client's team in the heart of the city. As a key member of the Loans Settlement team, you will play a crucial role in improving the efficiency and effectiveness of the service quality, meeting clients' and the bank's standards through optimization of the loan procedure.

Key Responsibilities:

  • Process payments in SCMS and FOVA using knowledge of SWIFT and SWIFT formats.
  • Create new clients and open relevant accounts in the system.
  • Pass journal entries and accruals in FOVA.
  • Update loans register schedule spreadsheet.
  • Update interest rates, new maturity date in FOVA when roll over.
  • Make sure interest and/or principal are received from agents or the borrower.
  • Make sure any fees due are paid or received.
  • File loan documentation in folders.
  • Coordinate for necessary loan system upgrade analysis.
  • Check details of ticket and e-permit.
  • Open new clients and facilities in.
  • Register Nostro account cashflow relating to loan settlement.
  • Make drawdown payments due.
  • Keep Nostro positions.
  • Other tasks as directed by the Manager and Team Head.
  • Maintenance of records filing.
  • Keep all AML check evidence for AML check for audit trail purpose. Must report/escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank's AML policy.
  • Cover treasury settlement, clearing & payment, trade services, correspondence and reconciliation when required.

Requirements:

  • Minimum 2 years' experience within Loan Settlements.
  • Mandarin speaker would be preferable but is not mandatory.

About the Company:

Our client is a leading banking team based in the heart of the city, working in partnership with Exectec Solutions, part of the HRGO Group.



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