Our client, a global bank based in the heart of Canary Wharf’s financial district, is looking for an experienced Loan Documentation specialist to join their Middle Office Execution Control Team at AVP level.
This position offers a hybrid model of 2/3 days a week in the office and is suited for someone who has had experience in LoanIQ (while this is not essential) and is looking for a position that will enable them to utilise their strong Loan Documentation knowledge & organisational skills to constructively challenge and influence change to enhance business performance for the Section and Department to ensure best practise is established.
Specification of the Loan Documentation Control Assistant Vice President
- This role proactively provides support to all EMEA Front Office business departments for the efficient execution and control of new business-related transactions in relation to loans.
- 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.
- Supporting Front Office, Planning Dept and local EMEA offices with documentation and booking of Risk Participations to ensure exposure is correctly managed and no internal limits are breached.
- Review and approve all lending documentation, ensuring operational aspects are controllable and in accordance with agreed procedures.
- Execution and approval of consistency check between lending documentation and credit approval in GBR, providing final sign off of Key Terms & Conditions, including fulfilment of credit conditions.
- Execution and approval of credit limits in the banks operating systems , ensuring all prerequisite requirements are met in relation to local and regulatory validations. Review risk mitigating documentation, including Credit Risk Insurance and Sub/Risk Participation.
- Escalation of the risk issues impacting transactions, both from an internal policy perspective and from a regulatory perspective, allowing for acknowledgment and acceptance where required.
- Development of procedures and business process flows with Front Office & Finance Dept for unstructured transactions, ensuring booking methodology is agreed and understood.
- Participation in project related work for both Departmental and Bank wide initiatives.
Knowledge, Skills, Experience & Qualifications required;
- In-depth experience in a financial services environment with exposure to syndicated loan markets.
- Comprehensive knowledge of loan documentation, including the working mechanics of 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.
- Well organised, self-motivated team player with strong interpersonal skills.
- Strong organisational skills with the ability to prioritise and use initiative throughout the day.