Loans Administration Officer - MRPA
- Posted 24 July 2024
- Salary £60000 - £65000 per annum + Hybrid + Benefits
- LocationCity of London
- Job type Contract
- Discipline Banking Operations
- ReferencePB2407_1721839250
- Contact NamePaul Butterfill
Job description
- Are you a Loans processing specialist with experience in facility documentation and MRPA (master risk participation agreements) processing activities?
- Available for a 12 month FTC role with benefits
- Salary circa £60k
If you are, please get in touch. Our client an international bank in London who offer Hybrid working seek an experienced Loans individual to process all bilateral and syndicated loan activities (drawdown, rollover, repayment, interest and fee payments) across their corporate portfolio
Key Responsibilities
Establish a process for the management and accurate recording and reporting of MRPAs and appropriate control framework around this
- Support the roll out of the Bank's Islamic finance proposition ensuring systems and processes are in place
- Work with stakeholders and the IT department to work on establishing MRPAs as a product in the Bank's systems
- Maintain records of drawdowns, drawn and undrawn commitments, collaterals, MRPA
- Check Loan documentation and associated payments, processing of new loans and re-sets
- Review documentation including facility agreements, credit approvals, legal sign-offs to facilitate proper execution of the deals
- Monitor the drawdown instructions received from customers or agent banks for completeness and accuracy
- Ensure collaterals and conditions precedents are in place prior to authorising loans draw down
Essential Experience Required;
* Experience in MRPA (Master Risk Participation Agreements) is highly desirable
* Experience in Loan Administration/Middle Office operations within a banking environment
* Loans documentation review to retrieve operational information from facility agreement
* Experience in Experience in Islamic Financing would be advantageous