AVP Loan Closer - Perm
Venn Group are currently recruiting for a Loan Closer to support Front Office teams to successfully buy, sell and syndicate transaction in the market.
It is essential that candidates have working knowledge of loan and credit documentation ideally across bi lateral/syndicate loans, trade finance and derivative products. The team acts as a control point for external counterparts in the transaction settlement cycle.
Core day to day duties/requirements:
- Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics.
- Reviewing, negotiating and drafting LMA standard documents and other trade-related documents including confirmations, assignment agreements and participation agreements.
- Coordinating with internal and external legal counsel to agree to proposed changes to trade documents.
- Working directly with counterparties, internal partners and external agents to resolve issues and ensure timely closure.
- Creating and understanding key metrics reporting for daily / weekly / monthly reporting of open / closed / new trade population.
- Coordinating timely and precise trade settlement with various settlement groups across the Bank.
- 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
- Providing final sign off of Key Terms & Conditions, including fulfilment of credit conditions.
- Development of procedures and business process flows with Front Office & Finance Dept for unstructured transactions, ensuring booking methodology is agreed and understood.
- 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
- Providing technical operational subject matter expertise to front office departments and team members to support the successful completion of transactions
- A good understanding of KYC and compliance procedures ensuring best practice is incorporated
To explore this opportunity further, please submit your CV to this advertisement and contact Venn Group’s Financial Services team on 020 7557 7667