Analyst/Assistant Vice President, Credit Middle Support - Credit Middle

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading banking corporation in Singapore seeks an experienced professional for a dual role involving compliance checks and loan agreement monitoring. The ideal candidate will possess a degree in Banking and Finance, at least 10 years of relevant experience, and expertise in corporate banking products. This role involves preparing reports and supporting various business units, making it essential for candidates to be diligent, organized, and detail-oriented.

Qualifications

• Minimum 10 years of relevant experience in banking.
• Open mindset and willingness to learn.
• Team player and independent contributor.

Responsibilities

• Ensure compliance with HO and MAS regulations on credit applications.
• Monitor approval of credit applications and collateral conditions.
• Prepare Management/MAS/internal reports.

Skills

Knowledge of corporate banking products

Interpersonal communication skills

Diligent and organized

Attention to detail

Education

Degree in Banking and Finance or equivalent

Job description

• Dual role functions as maker and checker.
• Ensure proper and timely checks on compliance with HO and MAS regulations and guidelines on credit applications received.
• Monitor progress on approval of credit applications.
• Check contents of loan/security agreements for adherence to approved credit terms and conditions.
• Control collection of credit documentation (facility and security documents and CP/CS documents).
• Instruct registration of facility limits/collaterals in systems when documentation is complete/CPs complied.
• Monitor collateral condition (expiry dates and adequacy of insurance policies, collateral valuation, etc.).
• Monitor and manage irregular/exceptional handling transactions until satisfactory closure.
• Monitor/check Master Covenant Control and loan covenant compliance.
• Provide information on collaterals and MT12 Credit Supplementary to FCG for MAS610 reporting.
• Support for various business units and back-office staff members by providing necessary information on credit control matters.
• Preparation of Management/MAS/internal reports.
• Participate in initiatives and projects as assigned.
• Any other matters that may be assigned from time to time.

Requirements

• Degree in Banking and Finance or equivalent with at least 10 years of relevant experience.
• Candidates with lesser experience will be considered at Analyst/Senior Analyst level.
• Knowledge of corporate banking products - working capital loans, real estate loans, foreign exchange. etc.
• Diligent, organized, and meticulous with keen eye for details.
• Open mindset with willingness to learn and is receptive to transformational changes.
• Both a team player and active independent contributor.
• Possess strong interpersonal communication skills.