Transaction Manager - Structured Real Estate Team

Welcome to AlRayan Bank UK, the most successful Sharia compliant bank in the United Kingdom.

AlRayan Bank UK is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the AlRayan Bank Group – formerly Masraf Al Rayan, and one of the largest banks in Qatar, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At AlRayan Bank UK , we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual\’s unique perspectives are valued.

We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you\’ll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

Come and join us and be part of something extraordinary.

We have a fantastic opportunity for a Transaction Manager to join our Structured Real Estate Team at our London – Stratford Place Office. The Transaction Manager will be primarily responsible for supporting the management of all aspects of the Structured Real Estate transactions from the receipt of credit approved terms through to deal closing, including pro-actively liaising with valuation firms, lawyers and clients to ensure timely drawdown and completion of such cases. Furthermore, the role will provide ongoing oversight of all existing facilities.

Key Responsibilities

• Assist the Senior Transaction Manager in the management of transactions from approval to drawdown including documentary review and sign off against the approved term sheet and conditions of sanction.
• Management of non-property security (i.e. cash) in line with the conditions of sanction.
• Review all development drawdown requests and bank monitoring surveyor reports.
• Instruct valuers and assess valuation reports with liaison with credit in respect of any discrepancies. This includes re-valuations in line with CRDlV, whereby the transaction manager independently reviews RM’s assessment and confirms adherence to policy.
• Is accountable and responsible for the following:
  • Professionals Appointment
  • Standardised Conditions Precedent
  • Security and Report on Title
  • Exceptions Reporting
  • Documentation Execution
  • Trade documents and Funding Sign Off
  • Release of Bank securities
• Ensure all collateral and relevant details are recorded on the banking system post drawdown.
• Responsible for vendor management and to ensure all vendor due diligence is carried out in a timely manner.
• Assist the Senior Transaction Manager with the ongoing preparation and submission of departmental MI in a timely manner.
• Work closely with all members of the team on existing and new deals.
• Liaise and work closely with the Banks Credit & Risk team to ensure the completion of transactions are executed in line with approval and Bank procedures and where required prepare credit memo’s confirming any changes to approval.
• Cover the position of transaction managers during annual leave and provide general administrative support to line manager.
• To ensure adherence with all governance and regulatory requirements.
• Enable the Bank to meet its challenging targets and growth aspirations.

Qualifications & Experience

• Educated to degree standard in finance and business (or similar subject) or equivalent experience.

Knowledge & Skills

• Must have in depth understanding of Finance relating to Real Estate Development and Renovation, Real Estate investments (pure commercial, mixed-use, residential) and offshore vehicles. Trading services experience is also useful.
• An experienced professional with knowledge of working within Real Estate Sales and / or Credit.
• Team player with strong leadership qualities and excellent communications skills.
• Aim to deliver the highest standards of customer service to internal and external stakeholders.
• Track record or leading, motivating and developing people/teams.
• Proficiency in the use of Excel, PowerPoint, Outlook and other database tools.
• Experience of dealing with Watch accounts, EWIs (including what if scenarios).
• Experience working in a regulated environment and knowledge of the regulatory framework.

You will be required to demonstrate our 1Team values and associated behaviours which are outlined below:

• Trusted to do the right thing

  To act with total integrity. Put the customer first and stick to our promises.

• Empowered to own

  To embrace change, take responsibility and ask for help when needed.

To draw on each other’s strengths and believe in ‘no blame’ and ‘no ego’s’. Show resilience.

• Motivated to succeed

To be passionate about our work. Look for opportunities to learn and grow and celebrate each other’s success.

Conduct

We expect staff to follow the standards required by our regulators. At all times:

• Act with integrity
• Act with due skill, care and diligence
• Be open and co-operative with regulators
• Pay due regard to the interests of customers and colleagues and treat them fairly
• Observe proper standards of market conduct

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in.

Empowering your career, together we’ll deliver banking you can believe in.

Salary + Discretionary Bonus + Private Healthcare + 30 days holidays + 12% Contributory Pension

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