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- Tasks: Administer daily operations in loans, payments, and credit control with precision.
- Company: Join a leading bank in London, known for its dynamic work culture.
- Benefits: Enjoy hybrid working options and a supportive team environment.
- Why this job: Gain valuable experience in banking operations while making a real impact.
- Qualifications: Must have 3-5 years in loans operations and a relevant degree.
- Other info: Contract role for 12-15 months, ideal for those available to start in March.
The predicted salary is between 36000 - 60000 £ per year.
The role is a 12-15 month contract and would therefore suit applicants on a short notice period that can start work in March ideally. It is essential that all applicants have worked within Loans operations for a bank previously. Our client is looking for a Loans Operations, FTC Hybrid to join their team in London on a contract (12-15 months) basis. Hybrid working.
This role will administer the day-to-day work of the Operations Department (payments and credit control) in an accurate and timely manner and in accordance with procedures, policies, regulatory requirements and underlying documentation.
Key Responsibilities:- Check all incoming SWIFT/mail messages and action accordingly.
- Process, verify and authorise payments within authority held.
- Ensure all transaction monitoring is completed in accordance with procedures, policies and regulatory requirements, including screening of all names and that all necessary items are referred to and signed off by MLRO as required.
- Ensure all customer queries, etc. are dealt with in a prompt and professional manner.
- Ensure all customer signature mandates and supporting documents are kept up to date.
- Ensure all statements are maintained and sent as per the customer’s requirements.
- Maintenance of files to include all current and up to date information.
- Ensuring accounts are maintained in accordance with underlying documentation and in compliance with procedures, policies and regulatory requirements.
- Ensure KYC/CDD reviews and monitoring are kept up to date.
- Process drawdowns, rollovers, maturities, fees and other administration requirements ensuring loans are maintained in accordance with documentation.
- Process guarantee issuance and amendments, expiries, cancellations, fees and other guarantee related administration.
- Ensure guarantees are administered in accordance with their terms and the terms of the underlying documentation.
- Monitor daily diaries, perform end of day (EOD) checks, and ensure timely reporting to Head Office.
- Stay alert for suspicious activities and report to the MLRO.
- Maintain accurate system and file records.
- Bachelor’s degree or an equivalent combination of education and professional experience.
- Minimum of 3-5 years loans / payments / guarantees / credit control / general banking operations experience.
- Strong understanding of financial systems, payment processing, and credit management principles.
For more information on this role please contact Judith Webb by sending your CV and quoting ref 200807JW.
Loans Administrator employer: Barbara Houghton
Contact Detail:
Barbara Houghton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loans Administrator
✨Tip Number 1
Make sure to highlight your previous experience in loans operations during any networking opportunities. Connect with professionals in the banking sector on platforms like LinkedIn and engage in discussions about industry trends to showcase your knowledge.
✨Tip Number 2
Familiarise yourself with the specific regulatory requirements and procedures related to loans administration. Being able to discuss these in detail during interviews will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Prepare to discuss your problem-solving skills, especially in handling customer queries and suspicious activities. Think of examples from your past roles where you successfully navigated challenges in a professional manner.
✨Tip Number 4
Since this role is hybrid, be ready to discuss your experience with remote work and how you manage your time effectively. Highlight any tools or strategies you use to stay organised and maintain communication with your team.
We think you need these skills to ace Loans Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in loans operations, payments, and credit control. Use specific examples from your previous roles to demonstrate your expertise and how it aligns with the job requirements.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your relevant experience in banking operations and how you can contribute to the team. Be sure to address the contract nature of the position and your availability to start in March.
Highlight Regulatory Knowledge: Since the role involves compliance with regulatory requirements, emphasise your understanding of KYC/CDD processes and any relevant regulations you've worked with in the past. This will show that you are well-prepared for the responsibilities of the position.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for a Loans Administrator role.
How to prepare for a job interview at Barbara Houghton
✨Show Your Banking Experience
Make sure to highlight your previous experience in loans operations during the interview. Be prepared to discuss specific tasks you've handled, such as payment processing and credit control, as this role requires a solid background in these areas.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory requirements related to loans and payments. Being able to discuss how you have ensured compliance in your past roles will demonstrate your suitability for the position.
✨Demonstrate Attention to Detail
Since the role involves processing and verifying payments, it's crucial to showcase your attention to detail. Prepare examples of how you've maintained accuracy in your work and managed documentation effectively.
✨Prepare for Customer Interaction Scenarios
As customer queries are part of the job, think of examples where you've dealt with customer issues professionally. This will show that you can handle inquiries promptly and maintain a high level of customer service.
