Manager, Account and Loan Operations
Job Description
Perform credit documentation and administration functions under the purview of ALO and ensure that credit facilities/monitoring are implemented in accordance to credit approval
Perform checks on fixed deposit maintenance(placement and released), current account maintenance, account opening, deposit-related transactions, Investment products, insurance products, Lombard loan, premium financing, loan processing, static data maintenance, audit confirmations and other related account servicing and maintenance functions under the purview of SG ALO
Perform loan operations and reports preparation/checking under purview of ALO
Contribute to continuous improvements in procedures and organization so as to streamline sales & operational workflows/processes
Ensure facility and security documents are duly executed and in order for implementation
Prepare/check draft facility letter and documents for signing by customers
Perform redemption of facilities for Private Banking facilities (including but not limited to Premium Financing, Lombard Loan)
Manage the daily routine operations in an efficient manner, while delivering good quality services to internal and external customers (including but not limited to account opening process, new account set-up, provide general banking services including remittance, deals executions, complete client’s banking
To review and approve investment related transactions in accordance to MAS regulations and internal guidance
Ensure that operational processes while collaborating with front office in HK and SG, and other business units are in full compliance with the Bank’s policy and regulatory requirements
Set-up new accounts and maintenance in the system and custody of the account-opening filefor regular post-acceptance review
Process/check transactions relating to fixed/structured deposits placement and maintenance.
Process/checks loan transactions and loan administration tasks
Process/check account operation-related transactions in accordance to internal procedures and external regulatory guidelines.
Process/check transaction of investment products and other PB products where applicable
Work closely with HO’s counterparts to ensure daily transaction are processed, settled and issues, if any are resolved accordingly
Perform facility & security documents supports and safekeeping custody
Lead &/or participate in User Acceptance Testing (UATs) and system testing
Familiar with the end-to-end flow of lending product life cycle
Reports preparation &/or checking under various workstreams
Perform any other tasks as may be assigned from time to time
Requirements
- Education Qualification: Degree or Diploma holder.
- Minimum 5 years private banking experience in banking and credit documentation/administration.
- Working knowledge of Avaloq system is essential.
- Familiar with credit and security documentation and with knowledge in account opening and KYC procedures.
- Experience in Private Banking & Corporate Banking credit and security documentation
- Familiar with collateral registration and lodgment procedures and requirements
- Understand credit control monitoring requirement and setting up tools to monitor accordingly
- Knowledge of account operations and KYC procedures in Private Banking
- Working knowledge of Avaloq system. Familiar with Private Banking lending facilities, anti-money laundering and know-your-client requirements
- Knowledge on client management, operation support and process improvement
- Familiar with wealth management products such as Unit Trust / Mutual Fund, Fixed Income Instrument, Lombard loan, Premium financing / Refinancing, Currency Linked Deposit, Structured Notes, Structured Deposits, etc.