Assistant Manager - Bilateral Credit

LJ Recruitment; City Of London; On-site; GBP 34,000 - 40,000; Full time

Job summary

A recruitment agency is seeking an Assistant Manager - Bilateral Credit to join their Wholesale Division in Central London. This permanent, fully office-based role will involve managing loan syndications, credit assessments, and client relationships. The ideal candidate will possess a strong understanding of the loan syndication market and have excellent communication skills, as well as proficiency in financial analysis.

Qualifications

• Clear understanding of the loan syndication market and associated terminology.
• Sound knowledge of financial and balance sheet analysis.
• Excellent communication skills with interaction with customers and banks.

Responsibilities

• Understand loan syndication market dynamics.
• Scouting for business leads and risk assessment.
• Manage loan documentation and ensure compliance.
• Maintain relationships with banks and clients.

Skills

Understanding of loan syndication market

Financial/credit analysis

Communication skills

Expertise in MS Word, Excel, Access

Job description

Assistant Manager - Bilateral Credit

Permanent 40,000 Fully Office-Based Central London

Wholesale Division

Reporting to: Head of Bilateral Credit

Overview

We are seeking an Assistant Manager - Bilateral Credit to join our Wholesale Division on a permanent, fully office-based basis in Central London. This role supports the Head of Bilateral Credit and involves active engagement with the loan syndication market, credit assessment, documentation, relationship management and end-to-end handling of bilateral and syndicated loan transactions.

Job Role

• Understanding of the loan syndication market and its players.
• Scouting the market and generating business leads as per target.
• Assessment of the risks associated with the business leads.
• Compilation of loan proposals and presentation to the credit committee.
• Completion of documentation and associated processes for the loan assets.
• Management of the loan assets of the syndications department.
• Coordination with other members in the department for smooth functioning.

Job Responsibilities

• Maintenance of adequate level of relationship with counterparts in other banks/financial institutions to gather information on the latest trends, best practices and procedures.
• Continuous engagement with market players, understanding the products on offer in the market and developing competitive products for the bank.
• Gathering of business intelligence from the market for possible participation in syndicated loan deals.
• Financial/credit analysis and capturing of relevant risk parameters in the credit proposals for consideration of the credit committees.
• Facilitation of documentation of sanctioned loan facilities including liaising with bank solicitors till execution stage and safe custody of executed documents.
• Exchange on the underlying security and ensuring perfection of the same.
• Providing all necessary documents to the credit administration department for opening of loan accounts and timely updation of information on borrowers.
• Internal housekeeping, facilitation of audit and maintenance of asset quality of the assigned loan portfolio.
• Attending to various audit reports, compilation of compliance remarks and satisfactory closure of the reports.
• Transaction support of corporate finance transactions (syndicated loans, project finance and structured finance).
• Maintaining continuous liaison with the credit administration team regarding all operations and timely monitoring of the individual loan accounts.
• Compilation of various reports as per the requirement and submission of periodic returns as per the stipulated frequency.
• Visiting clients/banks/financial institutions at the pre-sanction stage wherever necessary and arranging periodic meetings for maintenance of existing accounts and securing new business.
• Preparing minutes of the visits and periodic presentation to the appropriate authority for necessary assessment.
• To act as the prime relationship point for clients and various counterparties for problem solving and dissemination of information to various stakeholders.
• Identification of stress in the existing loan assets and suggestion/preparation of roadmap for possible resolution.
• Restructuring/rescheduling/write-off of accounts as per need in agreement with the bank's policy.
• Maintenance of proper diary for periodic review/renewal of accounts as per the extant policy guidelines of the bank.
• In the absence of other personnel, to handle all routine matters in the department for its smooth functioning.
• Attending to any other duties to be assigned by the head, relationship teams or as may be necessary from time to time.

Competency Requirements

• Clear understanding of the loan syndication market and associated terminology.
• Sound knowledge of financial and balance sheet analysis.
• Excellent communication skills, with frequent interaction with customers and other banks/financial institutions.
• Adequate expertise in MS Word, Excel and Access.
• Efficiency in terms of accuracy and turnaround time.
• Superior skill in problem solving and management of work-related stress.

Key Interactions / Networks

• Banks
• Corporates
• Liaison with various industry forums
• Regulatory authorities
• Financial offices
• Other verticals within the bank

Person Specification

• Should be of pleasing temperament, calm, composed and firm but courteous.
• Should be willing to accept lateral placement in any other department/branch in the bank.