Credit Officer

State Bank of India; Sydney; On-site; AUD 85,000 - 120,000; Full time

Job summary

State Bank of India invites applications for a Credit Officer based in Sydney. This full-time fixed-term contract (12 months) focuses on loan proposal development, KYC, due diligence, risk appraisal and comprehensive credit management within a structured bank environment.

You will prepare proposals, conduct due diligence, assess risk, and coordinate with lenders. The role requires strong analytical skills, attention to policy, and effective communication with borrowers and stakeholders.

Responsibilities

• Prepare loan proposals following the bank’s prescribed format, ensuring they cover all aspects of credit appraisal and adhere to internal loan policies as well as home and host country regulations.
• Identify and document any waivers or deviations from policy, providing comprehensive justifications for inclusion in the proposal.
• Conduct initial Know Your Customer (KYC) checks and perform financial, legal, and technical due diligence on potential borrowers.
• Assist the AVP (Credit) in evaluating risk associated with new proposals and ensuring timely submission for approval.
• Upon loan sanction, prepare control reports for review by the appropriate authority.
• Collaborate with the AVP in conducting detailed Credit Risk Analysis, including the analysis of financial statements and financial ratios to ensure they align with the bank’s benchmarks and performance standards.
• Perform detailed financial ratio analysis (efficiency, liquidity, profitability, and solvency) to evaluate borrower performance against the bank's internal hurdles and policies.
• Prepare and present quarterly and annual reviews of loan accounts, assessing borrower performance based on audited financial statements and financial achievements.
• Maintain regular communication with borrowers, issuing rollover notices, rate fixing advisories, and requests for compliance certificates and financial documents.
• Correspond with MLAB and other lenders to Syndication, ensuring smooth information exchange regarding rate changes, financial updates, and loan account performance.
• Assist the AVP (Credit) by gathering important information and providing support in the preparation of credit proposals.
• Assist with the collection of papers from agents/customers, support the renewal of accounts, and comment on financial ratios in the proposals.
• Assist with compiling, updating of necessary data regarding the portfolio, credit and prepare reports as requested from time to time.
• Assist with daily risk management tasks, maintain a risk register, and perform regular risk analysis and stress testing.
• Document and report risks, track mitigation actions, and ensure compliance with risk management policies, including documentation in the DROVA GRC tool and other tools as and when available.
• Monitor and promptly report any reputational risks, supporting a strong risk management culture in line with SBIA values.
• Assist the group in preparation of the compliances for the various Audit Observations and compilation of relevant data/reports.
• Support in sanctioning Working Capital (WC), Revolving Credit Facility (RCF), and Term Loan (TL) proposals, including preparing fresh loan proposals, conducting due diligence, and ensuring compliance with bank policies.
• Assist senior management in any other tasks related to credit administration, risk management, or client communication or any other tasks as assigned.
• Daily Risk Management: Manage daily risk management activities and implement controls and actions established by senior management.
• Risk Documentation: Maintain and update the risk register, document identified risks, and track mitigation actions.
• Routine Analysis: Perform routine risk analysis, conduct stress testing, and self-assess the adequacy of processes and controls.
• Issue Management: Record issues and incidents in the GRC tool, conduct root cause analysis, and develop appropriate remediation actions.
• Reputational Risk Awareness: Monitor daily activities for potential reputational risks and flag concerns promptly.
• Adherence to Risk Culture: Uphold a positive risk culture that aligns with organizational values and the risk management framework.
• Training: Ensure timely completion of all required risk management training programs.

Job description

Location: Sydney, close to Wynyard railway station

Position: Credit Officer, Full-Time Fixed term Contract (12 months)

Department: Credit

Reporting to: AVP Credit Analyst

State Bank of India began its operations in Australia in 1998 and has since played a crucial role in fostering trade between India and Australia through trade finance products. We operate under the oversight of the Reserve Bank of India and Australian Prudential Regulation Authority (APRA), providing services such as deposits, remittances, trade finance solutions, and syndicated loans. Join us in our dynamic office environment and become part of a global legacy in banking.

Key Responsibilities:

A. Loan Proposal Preparation:

Proposal Development:

Prepare loan proposals following the bank’s prescribed format, ensuring they cover all aspects of credit appraisal and adhere to internal loan policies as well as home and host country regulations.

Deviation Management:

Identify and document any waivers or deviations from policy, providing comprehensive justifications for inclusion in the proposal.

KYC and Due Diligence:

Conduct initial Know Your Customer (KYC) checks and perform financial, legal, and technical due diligence on potential borrowers.

Risk Appraisal:

Assist the AVP (Credit) in evaluating risk associated with new proposals and ensuring timely submission for approval.

Control Reporting:

Upon loan sanction, prepare control reports for review by the appropriate authority.

Credit Risk Analysis (CRA):

Collaborate with the AVP in conducting detailed Credit Risk Analysis, including the analysis of financial statements and financial ratios to ensure they align with the bank’s benchmarks and performance standards.

Ratio Analysis:

Perform detailed financial ratio analysis (efficiency, liquidity, profitability, and solvency) to evaluate borrower performance against the bank's internal hurdles and policies.

C. Loan Reviews:

Quarterly and Annual Reviews:

Prepare and present quarterly and annual reviews of loan accounts, assessing borrower performance based on audited financial statements and financial achievements.

D. Communication and Correspondence:

Borrower Correspondence:

Maintain regular communication with borrowers, issuing rollover notices, rate fixing advisories, and requests for compliance certificates and financial documents.

Syndicated Lender Coordination:

Correspond with MLAB and other lenders to Syndication, ensuring smooth information exchange regarding rate changes, financial updates, and loan account performance.

Proposal Support:

Assist the AVP (Credit) by gathering important information and providing support in the preparation of credit proposals.

Data Collection:

Assist with the collection of papers from agents/customers, support the renewal of accounts, and comment on financial ratios in the proposals.

Data Compilation, updating and Reports preparation:

Assist with compiling, updating of necessary data regarding the portfolio, credit and prepare reports as requested from time to time.

F. Risk and Compliance:

Risk Management:

Assist with daily risk management tasks, maintain a risk register, and perform regular risk analysis and stress testing.

Compliance:

Document and report risks, track mitigation actions, and ensure compliance with risk management policies, including documentation in the DROVA GRC tool and other tools as and when available.

Reputational Risk:

Monitor and promptly report any reputational risks, supporting a strong risk management culture in line with SBIA values.

Audit Compliance:

Assist the group in preparation of the compliances for the various Audit Observations and compilation of relevant data/reports.

G. Additional Responsibilities:

Support for WC/RCF/TL Proposals:

Support in sanctioning Working Capital (WC), Revolving Credit Facility (RCF), and Term Loan (TL) proposals, including preparing fresh loan proposals, conducting due diligence, and ensuring compliance with bank policies.

Senior Management Tasks:

Assist senior management in any other tasks related to credit administration, risk management, or client communication or any other tasks as assigned.

H. Three Lines of Defence Responsibilities:

Daily Risk Management:

Manage daily risk management activities and implement controls and actions established by senior management.

Risk Documentation:

Maintain and update the risk register, document identified risks, and track mitigation actions.

Routine Analysis:

Perform routine risk analysis, conduct stress testing, and self-assess the adequacy of processes and controls.

Issue Management:

Record issues and incidents in the GRC tool, conduct root cause analysis, and develop appropriate remediation actions.

Reputational Risk Awareness:

Monitor daily activities for potential reputational risks and flag concerns promptly.

Adherence to Risk Culture:

Uphold a positive risk culture that aligns with organizational values and the risk management framework.

Training:

Ensure timely completion of all required risk management training programs.

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