AVP--Credit Adminstration Job at Affinity Executive Search, New York, NY

  • Affinity Executive Search
  • New York, NY

Job Description

Job description: One of Singapore's largest banks(corporate banking) seeks to hire ASSISTANT VICE PRESIDENT/MANAGER, CREDIT ADMINISTRATION AND CONTROL for the NYC(Midtown Manhattan office)Summary:Credit Administration and Control (CAC) provide back-office credit and security documentation checking for corporate & financialinstitutional customers, credit risk monitoring support to credit and business units of the Bank, and loan agency function.Reporting to the Operations Manager, you are responsible for reviewing and managing credit and securitydocumentation for corporate & financial institutional customers. Ensure credit and security documentation areperfected, in good order, compliant with approved credit terms and aligned with regulatory and internal policies prior toimplementation of credit facilities. Manage the safe custody of original credit and security documentation and updatingcollateral management system. Prepare monthly and regulatory reporting and credit risk monitoring.You will be expected tobe involved inthe process improvements project initiatives and other operational risk relatedactivities.RESPONSIBILITIES:A) Bilateral Loans Responsible for issuance of facility letters and reviewing non-standard facility agreements andsecurity documentation for complex deals drafted by external lawyers. Ensuring all the terms enumerated inthe credit and security documentation are compliance with approved credit terms, related Group policies,guidelines and procedures, and regulatory requirements. Ensure executed documentation is perfected and in good order, aligned with approved credit termsprior to implementation of credit facilities. Active risk management. Highlight and resolve any discrepancies identified, ensure proper approval isobtained from the authorized approver prior to the implementation of credit facilities. Demonstrates strong product knowledge across real estate, construction, project financing, and trade. Manages the safe keeping of the legal and security documentation in the vault and update in thecollateral management system.B) Syndication Loans Perform Loan Agency function administrative tasks to support both the borrower and lenders. Ensure documentation is perfected and in good order, aligned with approved credit terms. Acting as an agent is a varied and highly visible role requiring accuracy and sound understanding ofcomplex deal mechanics. Strong communication skills are required in managing the borrower, lenders and internalstakeholders. Active risk management to minimize commercial impact to the bank, borrower and lenders.C) Credit Risk Monitoring, Reporting and Operational Risk Perform credit risk monitoring and escalation of exceptions for covenants, security documentationwith expiry date, property revaluation, insurance renewal, annual credit review and related early alertindicators required by Credit. Prepare monthly limit and exposure report, various internal and regulatory reporting related to loans. Qualifications: QUALIFICATIONS:1. Bachelors degree in business administration, banking and finance, risk management or related discipline.2. Minimum of 5-8 years of solid experience in credit administration and/or loan agency functions within a wholesaleor corporate banking environment.3. Highly meticulous with strong risk awareness, capable of working independently, adaptable to fast-changingenvironments, and equipped with strong communication, interpersonal, and organizational skills.4. Demonstrated strong quantitative, analytical, and problem-solving abilities, particularly in credit control,documentation, and portfolio monitoring.5. Ability to manage multiple initiatives simultaneously and to perform effectively under demanding conditions andtight deadlines. Why is This a Great Opportunity: One of the largest Singaporean-based banking institutions offering tremedous growth potential!! Nigel

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