Operation Corporate Lending Specialist

4 weeks ago


Old Toronto, Canada S I Systems Full time
Intermediate Operation Corporate Lending Specialist specializing in Lending Services, Corporate Credit LoanIQ- BNSJP00033877

Location Address: 150 King Street W (hybrid 3 days a week in office - Monday Wednesday Thursday)

Contract Duration: 6 Months

Story Behind the Need

Business group: The Lending Services team supports the bank’s US trading interactions. The Lending Services team works closely with front office traders to process loans/credits and works alongside internal The bank's teams to complete the transaction processing

The Project: The successful candidate will be responsible for providing, and if directed leading a team of deal analyst in delivering, quality administrative services to Corporate Clients relative to the set up and maintenance of credit facilities generated by GBM and other Bank units wherein the Bank is an agent, participant lender or direct lender in a credit facility.The successful candidate is responsible for the accuracy and integrity of data, accounting reconciliation and record keeping aspects of the deals, facilities, and loans assigned to them ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives.Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. The incumbent will be responsible, as directed, for supervising a team of deal analyst and working with the Manager/ other Deal Assistant Managers.

Responsibilities:

•Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

•As directed, managing a team deal analyst and assist in the overall deal closing process when the Bank is an agent, direct lender or participant lender.

•Administers instructions by Agents on participations and customers on direct and agented deals including verification of limit availability, accuracy of calculations and disbursement/application of funds.

•Ensuring that terms and conditions of authorizations and/or loan documentation are being adhered to including pricing, term, limits etc.

•Communicating effectively with various contacts including other Banks to resolve issues on a timely basis.

•Recognizing and bringing exceptions to policies and procedures to the attention of Manager/Senior Manager/Director for further guidance and resolution.

•Developing a solid knowledge of loan platform, Loan IQ to ensure accuracy of posting accounting entries to source system and business line dissemination. .

•Assist Manager, Senior Manager and Director in various team-related tasks, resolution of exception items as well as special project-related work

•Oversee and monitor team productivity, staffing and work volume information and report to Manager/Senior Manager on a weekly basis.

•Provide guidance and coaching to immediate team staff.

•Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

•Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

•Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Must Have Skills:

• 8+ years experience working in GWO / Lending Services, Corporate Credit

• Expertise with LoanIQ (particularly with the Set Up function for new deals)

• Familiar with the Loan Syndication process and the various deal types (Agency, Bilateral, Participant)

• Prior experience working with Credit Agreements & Terms and Conditions

Nice to Have Skills

•Solid working knowledge with MS Suite – Excel, Word, Power Point etc.,

Best vs Average: The ideal candidate would have prior experience managing direct reports and bring a level of expertise regarding the Corporate Loan Syndication process. As well as having experience with setting up deals within LoanIQ

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