Associate Director, Credit Administration M/F

Crédit Agricole; Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Job summary

Crédit Agricole in Hong Kong is seeking a Credit Administration professional to prepare, review and legalize complex credit and security agreements for high-net-worth clients. You will manage documentation, ensure compliance, and coordinate with internal and external parties to ensure timely completion.

The role involves ongoing monitoring of credit documents, tracking return of files, and ensuring perfection of collateral while adhering to internal policies and regulatory requirements.

Responsibilities

• Prepare and review standard Lombard and bespoke credit facilities and security agreements for high-net-worth clients.
• Ensure approval conditions and covenants are included in credit documentation.
• Liaise with internal legal teams and external solicitors to perfection of documentation and timely completion.
• Manage status overview for issued documentation and track their return.
• Escalate any document deficiencies and maintain credit documentation files.
• Perform checks for completeness, validity of conditions precedent, and compliance with policies.

Job description

The Credit Administration is a key member of the lending value chain reporting to the Chief of Staff, Hong Kong, he/she is responsible for preparing, reviewing, legalizing complex/bespoke credit and security agreements for high-net-worth clients and maintaining relevant credit documentation.

Key Responsibilities:

• Document Preparation: Oversee and preparation of standard Lombard and bespoke credit facilities like life insurance financing, and single-stock / concentrated lending and other structured credit facilities. Templates to be agreed with internal Legal and other miscellaneous documentation tasks where required.

• Risk & Compliance: Ensure all relevant approval conditions and/or covenants are included in credit documentation.

• Negotiation: Independently liaise and follow up with internal and external stakeholders (eg. engage internal legal or external solicitors to ensure the perfection of documentation) to ensure timely completion of documentation.

• Administration/Monitoring/Reporting:
  • Manage status overview for issued documentation and track their return.
  • Ensure any document deficiencies are accurately tracked and escalated.
  • Manage lodgment of completed documentation for timely safekeeping, track for documentation perfection and maintain credit documentation files.
  • Periodic account monitoring, checking of credit limits, where relevant.
  • Perform documentation and other required checks for returned documentation to ensure completeness and accuracy, validate fulfillment of conditions precedent, perfection of collaterals and compliance with internal policies and procedures.
  • Review of legal opinions (where relevant, with internal Legal) to ensure compliance with applicable laws and regulations for documentation requirements.
  • Assist with the review of and update of documentation processes and procedures.
  • Conduct /oversee periodic checks on security documents based on required scope.
  • Provide effective support for credit documentation queries from Front Office.
  • Support the team in regulatory reporting, including Mortgage Data Sharing.
  • Assist with projects, UAT and contribute to the successful delivery and enhancements of systems and processes.

• Legal and Regulatory:Comply with all applicable legal, regulatory and internal requirements linked to credit documentation.Responsible for credit documentation in Singapore and Hong Kong booking and servicing.