Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose Contributes to the overall success of the BNS Singapore Branch / BNS Australia Branch / Group Treasury Singapore / Corporate Loans and Corporate Trade Finance in Singapore and Australia ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team\xe2\x80\x99s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Accountabilities
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Understand how the Bank\xe2\x80\x99s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank\xe2\x80\x99s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Champions a high performance environment and contributes to an inclusive work environment.
Specific Role Accountabilities
Handle entire Credit Admin Functions for Singapore Branch \xe2\x80\x93 Corporate and Trade Finance accounts & Sydney Branch Trade Finance accounts
Act as a back-up for the Credit Admin Functions for BNSAL and BNS Australia, if required
Conduct the following functions for new borrowers / facilities or renewals/ refinancing:
Coordinating for the local authority credit approvals
Preparation of Limit Input Forms attaching relevant authorizations and other required correspondences for limit set up in the source system as per the terms of credit approval.
Liaising with Agent / Relationship Managers / Credit Execution / Clients in completing the documentation process
Ensure receipt of all loan/facility agreements in accordance with the conditions of the credit application and are duly executed by the Client and the Bank
Reviewing collateral documentation to ensure that Condition Precedents have been met and documents are in order prior to disbursement of funds.
Tracking and coordinating with Credit Execution on timely receipt of various documents relating to Conditions Subsequent
Preparation / co-ordination in preparing Form 28 and submission to EO for their files
Liaising with Operations (as custodian) to ensure proper lodging in of security documents listed in accordance with the Form 28.
Conduct the following functions for all ongoing accounts / facilities:
Disbursement related activities:
Ensuring that all drawdown requests meet the requirements as per loan agreements / the Bank\xe2\x80\x99s polices & procedures
Preparing funding memos for all drawdowns and rollovers
Liaising with Agent / Relationship Managers on all drawdown matters to ensure timely disbursements of funds
Liaising with GWO for all drawdowns/rollovers/rate-setting
Repayments and monitoring activities:
Follow up for the non-receipt of funds and reimbursement of late payment compensation
Monitoring all loan maturities
Monitoring of loan limits and ensuring no overruns. In the event of overrun, the matter is duly escalated to Origination & execution teams along with the senior management.
Monitoring limit expiry / annual review of all accounts / facilities
Maintaining comprehensive and B/F diary
Documentation related activities:
Tracking and coordinating the timely receipt of various documents as per the Covenants for each facility
Acts as an alternate custodian to ensure in/out of all collateral held by the Bank; Temporary retrieval of documents is required depending on various requirements, including Audit, reviews, etc.
Preparing email for approval to lodge out security documents upon full repayment or maturity of facilities.
Miscellaneous:
Updating periodic reports of account activities as required from time to time by Financial Reporting
Housekeeping of filing storage, co-ordinates and maintains proper records / control of old credit files and documents to be sent to warehouse for storage
Preparation of the following reports:
Prepares / participates / co-ordinates the periodic monthly, calendar & fiscal quarter, half yearly and full year reports, and ad-hoc reports for local management, regional senior management as well as local regulatory authorities. These reports include (but not limited to):
Any ad-hoc reports as requested by the local management, regional senior management as well as local regulatory authorities
Regulatory Reports/Surveys
Top 100 Borrower Group exposure report \xe2\x80\x93 Half Yearly
Credit Migration report \xe2\x80\x93 Half yearly
Commodities survey \xe2\x80\x93 Half Yearly
Support Singapore / Group Treasury in the following functions:
Monitoring Limit Expiry / Annual Review of credit facilities for Treasury
Coordinating MAS 639A regulatory report - Quarterly
Any other duties as assigned from time to time.
Experience / Other Information
At least 2 years of experience in Credit Admin.
In-depth knowledge of loan documentation and administration, loan portfolio management, and syndication loan practices.
Strong understanding of the Bank\xe2\x80\x99s credit reporting requirements.
Sound analytical and good communication (written & oral) skills.
Location(s): Singapore : Singapore : Singapore
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
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