Loan Operations Manager

Our client is a European Bank based in Midtown Manhattan. They are looking for an AVP Loan Operations Manager to join their team. This is a fantastic opportunity to join a very stable bank with great benefits and an extremely positive long-term outlook.

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

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