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 current 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
📌 Avp Credit Administration Mumbai (India)
🏢 Mashreq
📍 India