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Ref: 22734
The Skills You'll Need: Fluent Cantonese and English, with University Degree in Law. Fresh graduates could be considered.
Your New Salary: up to £35k depending on experience + bonus
Job Status: 12 months maternity cover. Hybrid working with 4 days in the office.
Loan Documentation and Securities Associate - Summary:
Responsible for assisting the Securities Manager in ensuring the contractual documentation of facilities are in compliance with terms as per approved credit proposal and the validity and enforceability of security instruments by which security interest are created on properties charged to the Bank, and to handle the maintenance of the Bank's security interest during the term of the facility; and the releases of the charged securities upon full repayment of the relevant facilities.
Loan Documentation and Securities Associate - What You'll be Doing:
Customer
- To prepare other documents ancillary to loan documentation, e.g. board resolutions.
- Send a list of all customers with building insurance policies with China Taiping Insurance and IPH to them, to ensure that these agree with their records.
- Issue reminder letters to borrowers in relation to the forthcoming expiry of buildings insurance of the relevant charged property; and chaser letters to Borrowers where renewal buildings insurance has not been provided to the Bank upon expiry of the previous policy.
Process
- To prepare standard offer letters ensuring that the terms are in compliance with terms as per approved credit proposal.
- Register new offer letter on monitoring report, monitor return of signed offer letters.
- To check to ensure the solicitor firm's to act on our behalf is to have a minimum of two Solicitors Regulatory Authority partners; and if not seek instructions from account officers.
- Prepare and complete all necessary security documentation for drawdowns and releases.
- Check and verify signatures on relevant offer letters and security documents.
- Prepare Pre-Drawdown Checklist and complete the part on security section.
- Log security-related issues which remain outstanding subsequent to drawdown as per Pre-Drawdown Checklist and chase BDD regularly.
- Prepare Progress sheets and follow up all formalities until completion.
- Prepare Summary sheets upon completion of security documentation.
- Prepare and maintain Security ledger sheets.
- Check that security documents are received from solicitors within a reasonable time upon drawdown.
- Upon receipt of the documentation, check that they are accurate and complete.
- Carry out any post drawdown requirements.
- Report on the progress of security completion and overdue/irregular items.
- Place all security documents in the Bank's deeds room under access card and password control at all times.
- Check solicitor's undertakings regarding the retention of title deeds by Borrower's solicitors.
- Check legal opinion on the validity and enforceability of all documents (including facility letters and securities instruments, etc) executed by non-UK companies prior to loan drawdown/utilization.
- Check all outstanding indebtedness are fully settled prior to release of security. Carry out release of security requirements.
- Prepare and maintain securities folders.
- Box up and accurately label all lapsed papers.
- Scan all title deeds and finance documents (including all loan documentation and security instruments are scanned onto INVU system with the document details accurately inputted.
Compliance & Risk Management
- Comply with all applicable regulations, rules, codes, guidelines and standards set by regulators and the Bank, and carry out duties with high integrity; and
- Adhere to all established risk control guidelines, procedures and measures to identify, assess, report, mitigate and monitor the risks involved in the day-to-day work.
Loan Documentation and Securities Associate - The Skills You'll Need to Succeed:
- Fluent in speaking Cantonese and English; Mandarin is an advantage but not a must
- University Degree in Law is essential
- Experience in banking and financial services preferred, but fresh graduates with potential could also be considered
- Good communication skills
- Able to deliver tidy, neat and accurate work output
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