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AVP/VP (Credit Approval & Administration) - Private Banking & Wealth Management Department

CMB Wing Lung Bank Limited

Job Highlights

  • Credit Approval & Administration
  • Bachelor Degree or above
  • Prepare and review credit reports

Job Duties:

  • Check the facility letters and related credit documentations;
  • Liaise with external / internal legal firm in relation to credit documentation, mortgage, ULI, company and high court searches, registration of charge and legal opinion in offshore companies;
  • Verify and exam the credit documentation being executed by clients;
  • Set up limit and maintain facility structure of facility client in various systems consistent with the approved credit proposal;
  • Prepare and review credit reports at pre-defined interval, surface any exceptional credit risk & irregularities to PWCS Head for further action;
  • Process and approve loan drawdown / payment / cust-out requests, and ensure client maintains sufficient credit limit and collateral surplus at all times and that all the unsettled transactions are taken into account before giving approval to proceed. Be able to flag out heightened risk to PWCS Head for close monitoring;
  • Maintain credit limit and credit risk class status in the system while acting as a dual control checker to ensure relevant approval authority has been received before effecting credit limit into the system;
  • On-going close monitoring of clients’ position, work with Credit Evaluation & Approval team to manage collateral shortfall / credit limit excess to achieve rectification progress; and escalate to higher level authorities for any irregularities / exception where appropriate;
  • Analyze the quality of the credit portfolio using stress test and negative NAV to assess the impact under unusual market conditions. Work with the Credit Evaluation & Approval team to carry out pre-emptive measures;
  • Responsible for all credit documentation related matters with close collaboration with Loan Operation team, Relationship Managers and OPC;
  • Prepare end-of-day Margin Call Position Summary for submission to the reporting line, provide recommendation to validate any extension requests from Relationship Manager;
  • Trigger issuance of margin call / liquidation letters where required, arrange sign-off, dispatch and file keep all related correspondence for audit trail;
  • Meet the requirements of audit, regulator, local laws staff has to be well-versed and comply with all the relevant bank policy, rules and laws in regard to credit facility, collateral pledging and credit documentation;
  • UAT participation on Credit related function and ongoing system enhancement;
  • Perform other duties as shall from time to time required or on project basis; back up for other team members including the Collateral Risk Management staff to be recruited.

Requirements:

  • Bachelor Degree or above in Banking & Finance / Accounting / Business disciplines
  • Minimum 3 – 5 years of related experience in credit approval, administration and documentations including Premium Financing and Properties, preferable in private banking
  • Good understanding of private banking business model and financial products
  • Proficiency in MS Office & Bloomberg; hands-on experience in VBA an advantage

We offer successful candidates an attractive remuneration package. For candidates who are willing to take up the challenge and build a bright career with us, Please forward your resume with a cover letter by fax or e-mail

The data collected would be used for recruitment purpose only.  Applicants who are not invited for interview within six weeks may consider their applications unsuccessful.

More job information
Salary
Benefits
  • 5-day week
  • Discretionary bonus
  • Medical plan
Job Function
Location
  • Central
Work Model
  • On-site
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 3 years
Career Level
  • Middle management level
Education
  • Degree