Associate, Credit Execution and Credit Admin, GBM Corporate Banking

Requisition ID: 239023

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

Purpose
Contributes to the overall success of the Credit Administration and Execution in Singapore ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.
• Champions a high performance environment and contributes to an inclusive work environment.

Specific Accountabilities for Credit Execution

• To prepare credit presentations for new and existing credits to ensure all risks are pertinently explained accurately analysed and properly presented in accordance to the Banks established standards and procedures to the supervisors for review.
• To gather information from borrowers and/or the agent banks for purposes of analysing the creditworthiness of the borrowers and to assist in research of business prospects.
• To draft offer letters for new credits/prepare and review loan documentation for new bilateral/syndicated credits for the terms of credit approvals as well as for the applicability of appropriate legalities negotiates same with lawyers agent banks and borrowers so as to ensure that the Banks interests under the general provisions of the credit documentation are adequately protected.
• To participate in portfolio credit management at an acceptable level of risk by:
  • Organising workflows to maintain maximum efficiency such that timeliness accuracy and high proficiency are always maintained;
  • Conducting and maintaining a thorough and accurate analysis of financial statements and other relevant data
  • Structuring and completing credit proposals in a timely manner in accordance with the Banks procedural requirements under minimal guidance from the supervisors
  • Keeping abreast of changes in accounting practices government/tax regulations and other factors and identifying and reporting any unfavorable trends or problems
  • Maintaining credit and documentation file and registry at a level commensurate with Banks policies;
  • Preparing Banks credit returns such as Problem Loan Reporting Legal Suits on the Bank Board Reports and Credit Advices and others.
• To assist in the effective management of customer relationships and provide high quality customer service
• To participate in the growth of Banks portfolio through close liaison with the Senior Management staff

Specific Accountabilities for Credit Admin

• Perform credit administration functions for BNS Singapore Branch
• Perform the following tasks for new borrowers / facilities or renewals / refinancing:
  • Coordinating for credit approvals
  • Preparation of Limit Input Forms attaching relevant authorizations and other required correspondences
  • Reviewing facility/collateral documentation
  • Tracking and coordinating with Credit Execution Team on the timely receipt of Conditions Subsequent documentation.
  • Preparing LDI and liaising with GWO Team (as custodian)
• Perform the following tasks for all ongoing accounts / facilities:
  • Disbursement related activities:
    • Ensuring that all drawdown/rollover requests meet with the requirements as per loan agreements / the Banks policies and procedures.
    • Liaising with Agent Bank / Relationship Managers / Credit Execution Team on all drawdown matters to ensure timely disbursements of funds.
    • Coordinating for transaction approvals from Credit Execution Team and Credit Administration Team (where applicable) and liaising with GWO Team for all drawdowns/rollovers/rate-setting.
  • Repayments and monitoring activities:
    • Monitoring of all loan maturities loan limits ensuring there is no overruns. Escalates any overruns to Origination and Credit Execution teams along with the senior management.
    • Monitoring of limit expiry / annual review of all accounts / facilities.
    • Maintaining comprehensive B/F diary.
  • Documentation related activities:
    • Tracking and coordinating the timely receipt of documents as required under Information Undertakings for each facility.
    • Acts as an alternate custodian to ensure in/out of all facility/collateral documentation held by the Bank in the case that temporary retrieval of documentation is required on occasions including audit reviews etc.
    • Co-ordinating for approval to lodge out facility/collateral documentation upon full repayment or maturity of facilities.
  • Miscellaneous:
    • Updating periodic reports of account activities as required from time to time by Financial Reporting.
    • Housekeeping of filing storage co-ordinates and maintains proper records / control of old credit files and facility/collateral documentation to be sent to warehouse for storage.
• Prepares / participates / co-ordinates the periodic monthly calendar and fiscal quarter half yearly and full year reports and ad-hoc reports for local management regional senior management as well as local regulatory authorities.
• Act as a back-up for other team members in his/her absence.
• Any other duties as assigned from time to time.

Education / Experience / Other Information

• At least years 5 to 8 of experience in Credit Analysis and Execution
• Strong credit analytic skills
• Strong understanding of the Banks credit reporting requirements
• In-depth knowledge of:
  • Loan documentation and administration
  • Loan portfolio management
  • Syndication loan practices
  • Financial statements and accounting principles and policies
  • The Banks lending policies practices and procedures
  • Awareness of business trends economic technological social legal and political conditions and factors which could affect the viability of a credit
• Highly organized analytical and logical
• Sound analytical and effective communication (written & oral) skills

Location(s): Singapore : Singapore : Singapore

Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.

At Scotiabank we value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however only those candidates who are selected for an interview will be contacted.