Corporate Trainee - Loan Administration

Description

Job Purpose:

• Handles loan administration tasks for Commerzbank Singapore, Tokyo, China and Frankfurt. i.e., the control and operational aspects, of approved credit transactions.
• Checks completeness of facility documentation in consultation with the Relationship Managers and Credit Officers ensures accurate input and maintenance of credit limits, collateral data and loan transactions in the relevant Bank's systems.
• Maintains proper co-ordination with other departments, branches, and Head Office with regards to regular and ad hoc reports for Credit, Branch Management, Head Office and MAS.
• Ensures proper implementation and compliance with requirements/procedures/system and controls put in place internally (by the Bank/Head Office) and externally (by Auditors/MAS).
• Loan agency and administration scope:(i) manages credit portfolios of Singapore, Tokyo, and Frankfurt Branch and (ii) supports other Asian branches, whether in whole or partially, as assigned by the Regional Head of GS-BM Operations Asia.
• Provides relief coverage for fellow team member(s)

This position is based in Kuala Lumpur, Malaysia.

Responsibilities

• Maintain the capability for sustainable service to the business with firm controls and efficiencies over the assigned tasks.
• Deepen the skills and knowledge of business processing and technical understanding to the business applications.
• Ensuring teamwork within the unit/department and organization are closely fostered at any one time.
• Analyze and respond to queries from internal and external clients with minimal supervision.
• Achieves the processing turnaround standards as stipulated in the Service Level Agreement between the processing unit and clients.
• Meeting and/or exceeding the expectations in handling complex cases in terms of high-level competency in processing efficiency and accuracy of output.
• Support the implementations and initiatives carried out by the Management and Company/Group.
• Proactively contribute new ideas and concepts to improve operation process.
• Ensuring teamwork within the unit/department and organization are closely fostered.
• The ability to multi-task within the product handling and proactively provide support to the team.

Key Activities:

• Understanding of the technicalities of bilateral, syndicated and agency Loan Agreements according to prevailing market standards.

Limit Control:

• Check the set-up (input/amendment/cancellation etc.) of credit facility limits in relevant Bank's systems.

Loan Administration / operations (inclusive of being a Facility agent)

• Liaise with bilateral customers, facility agent banks, lenders, borrowers, and relevant departments (for loan drawdowns, rollovers, prepayments, and repayments).
• Processing (input/authorises) of loan transactions and fees settlements in the relevant Bank's systems.
• Understand on the interest method, rates, timetable, currency, payment instructions as well as knowledge in Agency tasks.
• Ensures proper recordings and maintenance of loan administration files.

Reporting

• Co-ordinates with other departments, branches, and Head Office on internal reporting requirements.
• Prepares reports for use by Credit department, Branch Management and Head Office.

Other Administrative Tasks related to Team:

• Supports other initiatives/adhoc tasks as assigned.
• Supports resolution of operational issues, and implementation of continuous work process improvements.

Holiday coverage

• Supports Commerzbank Singapore, Tokyo, China, Beijing, and Frankfurt during KL holiday if it's Monday to Friday working day in Singapore, Tokyo, China, and Frankfurt.

Additional task assigned by Group Head and subject to job rotation.

Skills and Qualifications

Formal Education:

Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional Degree or Commercial School Graduate preferred.

Special Knowledge (work experience, further qualification):

• Preferably Entry Level specialized in investment banking, commercial banking or broker
• No work experience required.
• Minimum CGPA is 3.0 pointer
• Strong team player with strong interpersonal and communicative skills.
• Required language(s): Fluent verbal and written in English required.
• Required Skill(s): MS Office and etc.
• NOTE: Successful candidates will be employed on a 12-months contract directly under Commerz Trade Services Sdn Bhd. Upon completion of the Corporate Trainee Program, permanent employment

Characteristics:

• Meticulous
• Capacity for teamwork
• Analytical skills
• Ability to work in a deadline driven environment
• Interest to work in a new and developing organisation
• Interest to develop new processes
• Fast learner
• Willingness to learn on the job