Assistant Manager, Credit Operations
4 days ago
My client is an established Challenger Bank that provides development and bridging finance. They are recruiting for somebody to join their busy credit team.
Overview:
Risks associated with; the issuance of loan facility documentation, sign-off of loan pre-completion due diligence, approval of development loan build payments, and approving release of security, are properly monitored and mitigated
Credit Control business is processed in an efficient and timely manner
Excesses are properly monitored and reported; and
A high-quality service is provided at all times to the front office lending teams
Responsibilities:
Credit Control
- Verify that, save for CDD/AML procedures, satisfactory pre-completion due diligence has been completed by the lending teams, including the checking and verification of the Bank’s professional’s reports, and that all critical post completion matters outstanding have been noted for carrying forward.
- Assess and approve loan completion and development loan build payment requests in accordance with approved procedures, ensuring that they are strictly in accordance with sanctioned terms, credit governance requirements, and internal regulations.
- Review facility letters and other loan documentation to ensure they have been drafted in accordance with relevant approvals and terms, and act as credit signatory.
- To authorise full and partial loan redemption requests.
- To ensure daily property monitoring reports are saved before daily cut off times in accordance with current guidelines.
- Manage daily and monthly credit control statistics reports and maintenance of the Due Diligence Schedule.
- Assist with the compilation and checking of regular credit reports for management use, including the events of default schedule.
Authorities
- Authorise loan completion and development loan build payment requests.
- Act as an authorised signatory for facility letters and ensure that signatures are in accordance with approved mandates
- Act as an authorised signatory on CHAPS and other payments.
- Approve advance payments relating to development loan facilities, in accordance with current delegated authorities.
Credit Policy, Procedures, Monitoring and Compliance
- Contribute to the Team’s objective of leading in the engagement of credit governance and policy, and to actively engage in the Credit Risk process.
- Recommend amendments to the Lending Procedures Manual where necessary in order that the Manual reflects current policy and procedures in respect to Credit.
Ad Hoc and General
- Proactively monitor outstanding post loan completion matters.
- General administrative tasks as requested by line management.
Risk & Compliance
- Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.
Skills and Experience:
Essential
- Property lending experience including an understanding of professional’s reports (Valuation, Legal and Project Monitoring Surveyor).
- Sound loans administration and credit risk experience at administration or manager’s assistant level, including CDD and AML procedures
- Customer service skills.
- Communication skills.
- Numerical accuracy.
- Evaluation and analysis skills.
- Ability to identify and deal with problems/ issues arising from due diligence.
- Prioritisation skills
Desirable
- Intermediate level IT skills (Word and Excel)
Salary: Up to £45k
Location: London (hybrid working)
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