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Assistant Manager - Bilateral Credit

Job Posted: 9 hours ago

Salary: £ 40,000 - 40,000 / Annum
Job Type: Permanent
Location: City of London, London

Expire in: a month

Job Description

ob Title: Assistant Manager - Bilateral Credit

Permanent | £40,000 | Fully Office-Based | Central London
 Wholesale Division
 Reporting to: Head of Bilateral Credit

Overview

We are seeking an Assistant Manager - Bilateral Credit to join our Wholesale Division on a permanent, fully office-based basis in Central London. This role supports the Head of Bilateral Credit and involves active engagement with the loan syndication market, credit assessment, documentation, relationship management and end-to-end handling of bilateral and syndicated loan transactions.

Job Role

Understanding of the loan syndication market and its players.

Scouting the market and generating business leads as per target.

Assessment of the risks associated with the business leads.

Compilation of loan proposals and presentation to the credit committee.

Completion of documentation and associated processes for the loan assets.

Management of the loan assets of the syndications department.

Coordination with other members in the department for smooth functioning.

Job Responsibilities

Maintenance of adequate level of relationship with counterparts in other banks/financial institutions to gather information on the latest trends, best practices and procedures.

Continuous engagement with market players, understanding the products on offer in the market and developing competitive products for the bank.

Gathering of business intelligence from the market for possible participation in syndicated loan deals.

Financial/credit analysis and capturing of relevant risk parameters in the credit proposals for consideration of the credit committees.

Facilitation of documentation of sanctioned loan facilities including liaising with bank solicitors till execution stage and safe custody of executed documents.

Exchange on the underlying security and ensuring perfection of the same.

Providing all necessary documents to the credit administration department for opening of loan accounts and timely updation of information on borrowers.

Internal housekeeping, facilitation of audit and maintenance of asset quality of the assigned loan portfolio.

Attending to various audit reports, compilation of compliance remarks and satisfactory closure of the reports.

Transaction support of corporate finance transactions (syndicated loans, project finance and structured finance).

Maintaining continuous liaison with the credit administration team regarding all operations and timely monitoring of the individual loan accounts.

Compilation of various reports as per the requirement and submission of periodic returns as per the stipulated frequency.

Visiting clients/banks/financial institutions at the pre-sanction stage wherever necessary and arranging periodic meetings for maintenance of existing accounts and securing new business.

Preparing minutes of the visits and periodic presentation to the appropriate authority for necessary assessment.

To act as the prime relationship point for clients and various counterparties for problem solving and dissemination of information to various stakeholders.

Identification of stress in the existing loan assets and suggestion/preparation of roadmap for possible resolution.

Restructuring/rescheduling/write-off of accounts as per need in agreement with the bank's policy.

Maintenance of proper diary for periodic review/renewal of accounts as per the extant policy guidelines of the bank.

In the absence of other personnel, to handle all routine matters in the department for its smooth functioning.

Attending to any other duties to be assigned by the head, relationship teams or as may be necessary from time to time.

Competency Requirements

Clear understanding of the loan syndication market and associated terminology.

Sound knowledge of financial and balance sheet analysis.

Excellent communication skills, with frequent interaction with customers and other banks/financial institutions.

Adequate expertise in MS Word, Excel and Access.

Efficiency in terms of accuracy and turnaround time.

Superior skill in problem solving and management of work-related stress.

Key Interactions / Networks

Banks

Corporates

Liaison with various industry forums

Regulatory authorities

Financial offices

Other verticals within the bank

Person Specification

Should be of pleasing temperament, calm, composed and firm but courteous.

Should be willing to accept lateral placement in any other department/branch in the bank

Before You Apply

Do not include the following in your job application, CV, or cover letter:

Bank details.
National Insurance number.
Date of birth.

You should not be asked for payment or irrelevant information. If you have concerns about a job advert or employer, seek guidance on how to proceed.

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