AVP - Credit Administration

Job Purpose

• Carrying out all monitoring and control activities for portfolio.
• Regulatory and internal reporting and submissions for the portfolio
• Identify and report any irregularities / warning signals to the stakeholders and escalate to appropriate authorities for resolution.
• Support the Unit Head to continuously improve the existing processes and systems to achieve better controls, scalability and synergy.

Key Areas

• In collaboration with Credit Admin HO, limits are to be monitored in line with credit approvals / documentation unit’s release instructions and bank policies & procedures.
• Recording/checking/updating covenants in line with the credit approvals.
• Issuance of NOC/No dues certificates /tracker for obtaining revival letters/acknowledgement of debts etc.
• Tracker for receiving Stock statements/drawing power computation (for OD, CC, WCDL limits)/publishing to stakeholders
• Exposure monitoring - daily basis and escalations, wherever necessary.
• Support to business in security creation/documentation/collateral/valuation/stock audits/certifications etc. wherever applicable.
• Ensure standard operating procedures and checklists related to credit admin function are reviewed regularly and maintained up to date.
• Development of new and improvement of existing MIS to the relationship and credit management on vital information pertaining to the activities/projects/portfolio.
• Report any irregularities to the stakeholders and escalate to appropriate authorities for resolution.
• Ensure adequate controls are in place to mitigate the risks in the existing processes or risk acceptance is obtained.
• Ensure no operational losses for the division.
• Ensure all applicable risks are identified in the unit’s RCSA and are maintained up to date.
• Attain a satisfactory Audit Rating for the unit (Internal and RBI).
• Execute assigned projects for process and system improvements.
• Carryout periodic control testing on selected samples based on the defined control testing methodology.
• Carryout special assignments, assigned from time to time and ensure timely delivery of same in an acceptable quality.
• Interface – Business, Operations, Risk & Credit Admin functions at HO.
• Checking & registration at CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India).
• Registration of Charges with ROC (Registrar of Companies).
• Sub Registrar (Revenue Office) – Registration in revenue records in Sub registrar office in case of Registered/English mortgages.
• Sharing of information with other Banks for all borrower accounts, which have banking arrangements under multiple or consortium banking.
• To act as the central control point for regulatory reporting through management of the regulatory tracker and weekly reporting to senior management, ensuring visibility, accountability and timely submissions without misses.
• Central Repository of Information on Large Credits (CRILC) reporting.
• Monthly EWS (Early Warning Signals) testing & publishing to stakeholders.
• Regulatory reporting relating to Credit/Risk.
• To coordinate with internal, external and statutory auditors, tracking observations and ensuring timely closure of audit requirements.
• All other activities as may be assigned by CRO/CEO India in line with business need.

Knowledge, Skills and Experience

• Bachelor’s Degree in Banking & Finance, Business Administration or equivalent.
• A minimum of 10+ years of experience in Credit Control & Monitoring / Credit Administration activities.
• Ability to prioritize and multi-task, with the flexibility to adapt quickly to change.
• Excellent communication (both written & verbal) and interpersonal skills.
• Technology oriented.