Loans Middle Office

Position: Permanent

Salary: Up to £60,000

Location: London

Job ID: JA1208CLC

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Our client, a progressive and growing city based bank are seeking a Loans / Credit candidate to work in their Middle office Credit & Limit Control team as an AVP.

The main Responsibilities of the Credit & Limit Control AVP are; 

  • Operational subject matter expert in loan documentation.  Proactively providing support to all Front Office business departments for the efficient execution and control of new transactions covering loan, derivative and trade finance products. Including the review of contractual documentation and subsequent booking in operational systems.
  • To ensure lending documentation is consistent with key terms and conditions of credit applications and all pre and post conditions are satisfied accordingly.
  • Provide key controls to Front Office, and other departments ensuring rules and procedures are adhered to.
  • Provide comprehensive pre-execution operational review and approval of all lending documentation, ensuring product meets guidelines for systematic and operational booking requirements.
  • Review and approve Terms and Conditions of credit application against lending documentation to ensure lending documentation and credit terms are aligned, avoiding any breaches.
  • Ensure exposure is correctly managed and no internal limits are breached.
  • Review and approval of Conditions Precedent are satisfied prior to funding and drawdown.
  • Identification, origination and approval of documented financial covenant obligations of the borrower in the Bank’s operating system.
  • Review and approve Credit Risk Insurance policies against the credit application, ensuring key terms and conditions are correct prior to execution.
  • Registration and approval of relevant collateral / guarantees in Loan IQ
  • Main interfaces/relationships – All Front Office Departments across EMEA, Risk Management Department, Credit Department, Loan Administration, Trade Finance Operations, Financial Crime Middle Office, Trade Support Middle Office, Loans Agency, Loans Distribution and Loans Execution.

The Successful Credit & Limit Control AVP will have:

  • In-depth experience in a financial services environment with exposure to syndicated loan markets.
  • Comprehensive knowledge of loan documentation, including the credit approval process.
  • A sound understanding of Loan Market Association working practices. .
  • An understanding of key risks and associated control points in the transaction lifecycle.
  • A good understanding of KYC and compliance procedures related to their functional area, ensuring best practice is incorporated in their team.

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