Senior Executive, Settlement & Discharge

Alliance Bank Malaysia Berhad; Kuala Lumpur; On-site; MYR 30,000 - 45,000; Full time

Job summary

A major bank in Malaysia is seeking a dedicated candidate to manage redemption processes for Business, Consumer, Staff, and Personal loans. Responsibilities include issuing redemption statements, attending to legal requests, ensuring accurate calculations of penalties and fees, and supporting daily operations of the loan departments. The role requires adherence to terms and conditions of loans, along with compliance to Anti-Money Laundering (AML) policies. Join a dynamic team and contribute to smooth banking operations.

Qualifications

• Experience in handling redemption statements for various loan types.
• Ability to manage legal requests and ensure compliance with loan terms.
• Familiarity with Anti-Money Laundering (AML) procedures.

Responsibilities

• Issue redemption statements for different types of loans.
• Attend to requests from lawyers and branches.
• Prepare entries for debit CASA and refunds.

Job description

• Issuance redemption statement for Business loans, Consumer loans, Staff loans and Personal loans and hire purchase loans for all branches in Malaysia for ABMB & AIS within the BNM turnaround time.
• Attending request from lawyer and branches for issuance redemption statement
• Responsible for maintenance of notice date, early redemption penalty fees, message and etc.
• Responsible to check and ensure outstanding loan amount, early settlement penalty fees, ZEC fees, undrawn amount and legal fees are calculated correctly against letter of offer’s terms and conditions and confirmation received from consumer collection team.
• Responsible to check with Custodian Unit to confirm documentation
• Responsible to check with Koperasi Pembangunan for Personal loans – KOOP on the KOOP fees and calculated in the redemption sum for KOOP loans.
• To submit weekly reports timely for the review of the performance of redemption unit
• Settlement and release of security documents for Business loans, Consumer loans, Staff loans, Personal loans and Hire Purchases for all branches in West Malaysia for ABMB & AIS within the BNM turnaround time.
• Attending request from lawyer and branches for settlement and release of security documents
• Responsible to prepare entries for debit CASA and refund of excess to borrower
• Responsible to check with Consumer Collection team on the legal fees
• Responsible to check and ensure that redemption amount collected is within letter of offer’s terms and conditions and in redemption statement.
• Responsible to ensure the redemption loans is in zero balance after posting entries.
• Responsible to request security documents from Custodian Unit and release to respective lawyer as per borrower’s appointed solicitor.
• To highlight all suspicious or possible money laundering activities to Risk Unit in compliance with Anti-Money Laundering (AML).
• To submit weekly reports timely for the review of the performance of redemption unit
• To support the Business, Consumer, Staff and Personal loans department by managing the daily tasks assigned to ensure smooth operations of the redemption, settlement and release of security documents.