Manager - Credit Admin & Control Manager - Credit Admin & Control …

HL Bank
in Singapore
Permanent, Full time
Last application, 06 Mar 21
Competitve
HL Bank
in Singapore
Permanent, Full time
Last application, 06 Mar 21
Competitve
Posted by:
Danny Phay • Recruiter
Posted by:
Danny Phay
Recruiter
Handle credit control and collateral monitoring / management functions. Improve work processes and build a strong compliance culture

Credit Administration

  • To ensure proposed credit facilities/conditions adhere with the Bank’s policies, guidelines, conditions of approvals and legal requirement and ensuring all necessary approval have been obtained
  • Preparation of facility and credit documents such as facility letters, standard bank forms and legal documents for Borrowers execution
  • Checking and review of conditions precedent for credit documentation and ensuring compliance of these conditions prior to activation of facility limits
  • To monitor for condition subsequent, post disbursement conditions and credit documentation and ensure close follow-up for completeness
  • To work with business units, legal counsels, credit and policy owners to resolve documentation matters
  • Liaising with legal counsel for repayment, redemption and cancellation of facilities to ensure smooth completion of documentation
  • Monitoring and tracking of outstanding, expiry and renewal of credit documents, insurances valuation reports and credit & loan covenants
  • To safe-keep and perform custodian functions for credit files, security and collateral documents.
  • Obtaining legal fee quote, engagement and appointment of external legal counsels, foreign legal counsels, insurers and valuers
  • Ensuring prompt payment of legal fees, insurance premium and valuation fees
  • Attending to request from Credit and Business Units for retrieval of executed documents
  • Update and System Maintenance of credit review date, Borrower information and details such as classification of Borrowers
  • Ensure effective control of all areas and monitor the accuracy and efficiency of daily operations
  • Manage and approve day-to day limits management of drawdowns, such as limit activation/maintenance, earmarking of collaterals, foreign currency drawings and repayments
  • Ensure daily, weekly, monthly, quarterly, semi-annual and annual reports to internal stakeholders, Management, Head Office and Central Banks within the Branch are accurate and sent timely
  • Provision of Pre and Post Disbursement Documentation checklist to CED for annual review
  • UAT testing, handling of on-going projects such as Olympics, Unit Trust, Credit Documentation Review and Contract Financing etc.
  • Conduct review of panel of Legal Counsel and Valuer on annual basis with the relevant stakeholders
  • To ensure Business Contingency Plan for the department is up to date
  • To operationalize new processes with regards to changes of new products and services
  • To streamline processes and improve operational efficiency
  • Preparation of monthly Credit Committee meeting pack

 Control

  • Review implementation and control of acceptable collateral, cap price, single counter limit ad grandfathering of shares.
  • Review and monitor margin call, excess collateral shortfall, overdue instalment, and other credit exceptions and track for ratifications and approval.
  • Review and monitor outstanding documentations, special covenants and conditions for compliance.
  • Review and monitor compliance with regulatory limits.

 Compliance

  • To be familiar with local law and regulation and ensure compliance to rules and regulations in terms of documentation and reporting
  • To ensure that Credit Admin SOP (Standard Operating Procedure) is up to date

 Audit

  • Preparation and checking of documentation for Audit and handling of audit issues and queries.
  • To achieve satisfactory results in internal and external audits
  • To rectify issues identified during the audit within the time frame stipulated by Audit and to ensure that there are no repeated exceptions
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