AVP of Loan Processing

Our Client is an International Bank in Midtown Manhattan and seeks an AVP of Loan Processing:

Job Description:

Responsible for managing Loan Operations staff of 2 and workflow, ensuring the timely and accurate processing of all Loans transactions, and Investigations/compensations. Ensure that timely, accurate records/information is provided/maintained, and that all relevant controls & procedures are followed.

Qualifications

Five to ten years “hands on” experience working with the products, systems and processes listed below. Must have thorough knowledge of the following:

• Loans and processing; to include knowledge of BAFT compensation & funds transfer systems’ rules (Fedwire Funds).

Required Knowledge/skills

• Systems: SWIFT (including MX message types), Fedwire Funds, Fusion Midas, Actimize (OFAC)
• Related regulatory and compliance rules & regulations (OFAC USA Patriot Act, etc.)
• Highly developed skills in the following areas: Communication (written & verbal), analytical, organizational, math, people skills (ability to relate to people at all levels), PC skills (Excel & Word)
• Ability to multi-task & prioritize in a fast-paced environment, and when working under pressure.
• Systems implementation for Wholesale Commercial Loans and General Ledger
• College Degree or Equivalent Work Experience

Essential Duties Ensure all departmental processes & controls are followed (Daily, Weekly, Monthly.

Loans

• Verify/authorize transactions entered in Fusion Midas for loans: CA’s,, Fees, borrowings, loan sales/purchases, Notes/guaranties, amendments (rates, spread etc),
• Reconcile/verify GL balances Vs. Loan Summary report (for loans outstanding), and Vs. Upfront Fee Control Report for fees booked in Midas; Review error reports.
• Interact with auditors/examiners and provide information as requested
• Process/verify: (a) monthly corporate loan pledge report for loans pledged to FRB under BIC program (b) Entries and reports for loans classified as PDO & NALO as needed (c) Journal entries for loan write-offs, recoveries, provisions etc.
• Monitor the amounts and changes to loans pledged to FRB under BIC
• Prepare & distribute management reports for PDO, NALO loans, and the Acquisition Finance reports for H. O.
• Reconciliation/control of notes received in support of lending activities
• Process and track break funding fees due
• Reconcile “Upfront Fee” report
• Monitor and update Alternate Base Rate changes In Fusion Midas
• Update related Corporate Operations Departmental Policies and Procedures. Participate in Disaster Recovery testing
• Verify/authorize journal entries
• Conduct annual Disaster Recovery Testing, & test /resolve systems issues
• Process investigations & compensation cases
• Update Policies & procedures

BSA-Specific Responsibilities

All staff are to perform their responsibilities in accordance with BSA/AML guidelines in accordance with the Branch Compliance Manual and as reviewed during annual Compliance training. Suspicious activity may occur anywhere in the bank and be reported by any employee.

• Monitoring OFAC alerts/notices; advise all responsible individuals accordingly.
• Process/clear “ false positive” OFAC hits for items stopped in Actimize (OFAC filter)
• Provide documentation and/or” walk thru” to auditors/examiners for compliance examinations.
• Update OFAC policy and procedures
• Monitoring of transactions both manually and through the OFAC filter to comply with BSA/AML regulations.
• Enhanced Due Diligence: Through (a) annual Risk Assessment; (b) Continuous monitoring for suspicious activities.
• Escalate any problems/suspicious activity to branch management & compliance department.
• Gather pertinent information for adding names to the Exclude Line and Low Risk Tokens lists.

Base Salary - $130,000-$140,000 DOE