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For Companies At a Glance
- Tasks: Verify credit documentation and manage loan operations daily.
- Company: Join a leading international bank in the vibrant City of London.
- Benefits: Enjoy a competitive salary, bonus, and dynamic work environment.
- Why this job: Be part of a crucial team impacting financial services with growth opportunities.
- Qualifications: Requires 2+ years in banking and a degree in Finance or Accounting.
- Other info: Ideal for those seeking to advance their career in finance.
The predicted salary is between 40000 - 60000 £ per year.
Leading international bank in the heart of the City of London are looking to expand their financial services team in a Loan Operations Officer capacity.
Responsibilities:
- Verification of received credit documentation and legal agreements - loans: bilateral and syndicated, guarantees, factoring
- Onboarding new risk products
- Checking transaction documentation versus system data
- Establishing the collaterals and recurring monitoring
- Fees and commissions administration
- Disbursement of the loans
- Checking of agreement conditions, precedents and subsequent monitoring of terms and obligations of credit agreements
- Monitoring the timeliness of loan repayments together with release of the collaterals after repayment
- KYC documentation and upload
Profile:
- Minimum two (2) years of related banking experience in loan administration
- Bachelor's degree in Finance, Accounting
Job Offer:
£50-60k base salary with 10% bonus
Loan Operations Officer employer: Michael Page Banking
Contact Detail:
Michael Page Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Operations Officer
✨Tip Number 1
Familiarise yourself with the specific loan products and services offered by the bank. Understanding the nuances of bilateral and syndicated loans, as well as guarantees and factoring, will give you an edge in discussions during the interview.
✨Tip Number 2
Network with professionals in the banking and financial services sector, especially those who work in loan operations. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could help your application stand out.
✨Tip Number 3
Brush up on your knowledge of KYC (Know Your Customer) regulations and compliance requirements. Being able to discuss how you ensure adherence to these standards in your previous roles can demonstrate your suitability for the position.
✨Tip Number 4
Prepare to discuss your experience with transaction documentation and monitoring loan repayments. Be ready to provide examples of how you've successfully managed these processes in the past, as this will show your practical understanding of the role.
We think you need these skills to ace Loan Operations Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan administration and banking. Emphasise your skills in verifying credit documentation, onboarding new risk products, and monitoring loan repayments.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities of the Loan Operations Officer role. Mention your experience with bilateral and syndicated loans, as well as your understanding of KYC documentation.
Highlight Relevant Qualifications: In your application, clearly state your Bachelor's degree in Finance or Accounting. If you have any additional certifications related to banking or finance, be sure to include those as well.
Showcase Your Attention to Detail: Since the role involves checking transaction documentation and monitoring compliance with credit agreements, provide examples in your application that demonstrate your attention to detail and organisational skills.
How to prepare for a job interview at Michael Page Banking
✨Know Your Loan Products
Make sure you have a solid understanding of the different types of loans, including bilateral and syndicated loans. Be prepared to discuss how you would verify credit documentation and legal agreements during the interview.
✨Demonstrate Attention to Detail
As a Loan Operations Officer, attention to detail is crucial. Prepare examples from your previous experience where your meticulousness helped avoid errors in transaction documentation or compliance with agreement conditions.
✨Familiarise Yourself with KYC Processes
Since KYC documentation is part of the role, brush up on the latest regulations and best practices. Be ready to explain how you would handle KYC documentation and ensure compliance in your previous roles.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about past challenges you've faced in loan administration and how you resolved them, particularly regarding monitoring loan repayments and managing collaterals.
