Company Description
Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
JOB PURPOSE:
This role is primarily responsible for processing the following category of loans and related transactions :
- Conventional Loans- Corporate loans such as Syndicated and Bilateral.
- Islamic facilities such as Murabaha and Ijarah.
In addition to disbursals, the role involves processing of loan amendment activities such as - change of pricing, tenor, repayment schedules, rollover, settlements and past due recoveries.
Detailed Responsibilities
- Set up/Input and processing of new loans and other loan related maintenance activities (Settlements, pricing change, repayment schedule updates etc.) received from CAD in the Core banking system
- Booking of various fees and internal fund transfer in the Core Banking system
- Blocking and unblocking of accounts in the system
- Diarizing of transactions
- Providing remittance instruction for Syndicated loan proceeds to Payment Centre
- Performing internal account reconciliations and follow-ups on outstanding/pending dues
- Ensuring efficient, error free processing of transactions with strict compliance to policies, DOA, SOP and within the agreed SLAs
- Involvement and participation in various UAT activities.
- Handling loan related queries raised by internal stakeholders
- To minimise operations risks for the Bank by ensuring that all transactions that are processed comply fully with underlying customer or internal instructions.
- Ensuring conformance to internal procedures / policies / guidelines and local and international norms and regulations as applicable
- Undertaking all daily-processing activities related to a particular product or sub function
- To participate actively in the various initiatives within section / unit / department/division/group and the Bank as and when required.
- To engage on any other activity, falling within pretext of a Processor
- Providing periodical reports and management information for effective decision making
Qualifications
Minimum Qualification
- Bachelor’s degree in Commerce, Accounting and Finance or related discipline.
Minimum Experience
- 4-6 years’ relevant experience in the banking sector with at least 4 years in similar positions of progressively increasing managerial responsibilities in Corporate Loans processing.
