9 hours ago
Senior Specialist - Credit Administration
IDFC FIRST Bank
On Site
Full Time
₹0
Mumbai, Maharashtra, India
Job Overview
Job TitleSenior Specialist - Credit Administration
Job TypeFull Time
Offered Salary₹0
LocationMumbai, Maharashtra, India
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Job Description
Senior Specialist - Credit Administration at IDFC FIRST Bank
This Senior Specialist role in Credit Administration within Wholesale Banking Operations is crucial for handling post-sanction activities for Large Corporates. The position ensures strict adherence to credit, regulatory, legal, and product guidelines during customer disbursements. As a vital control function and the last gatekeeper of funds, the role involves extensive due diligence and diligent monitoring of credit conditions stipulated by approving committees, along with ensuring adequate limit, covenant, collateral, and document management.
Roles & Responsibilities
Primary Responsibilities
- Handle a wide range of products including working capital, term loans, NCDs, investment limits, portfolio buyouts, and commercial paper for Large Corporate and FIG segments.
- Verify that all credit appraisals are adequately approved and conform to both internal and RBI guidelines.
- Guide and mentor team members, ensuring error-free processing within committed timelines.
- Confirm that statutory and internal exposure limits are not breached.
- Ensure enforceable legal documentation for credit facilities, adhering to legal guidance and standard formats/procedures.
- Involve in security creation processes, including mortgages, pledges, and hypothecation.
- Ensure compliance with all conditions precedent prior to disbursement.
- Provide clearance for disbursement through the LSM/DM channel to Loan Operations.
- Set and modify existing processes to proactively mitigate operational risks.
- Coordinate with the loan operation team to facilitate seamless transaction processing.
- Ensure the tracking of various covenants and deferrals within the system.
- Liaison with Business Teams, Legal, and Credit departments for timely and quality deliverables, resolving issues and answering queries.
- Ensure safe keeping and retrieval of loan documents to the vendor.
Secondary Responsibilities
- Work closely with Business and Operations teams to ensure faster transaction processing, aligning with the Bank's 'Customer First' philosophy.
- Conduct periodic reconciliation and clean-up, including documents and security management.
- Maintain governance over data and regulatory reporting, ensuring accuracy and timeliness.
- Develop an understanding of the IT system within the Bank's credit ecosystem and assist in identifying and mitigating gaps.
Educational Qualification
- BCOM
- MCOM
- CA
- MBA
Experience
6 to 10 years in Banking
Key skills/competency
- Credit Administration
- Wholesale Banking Operations
- Regulatory Compliance
- RBI Guidelines
- Legal Documentation
- Security Creation
- Disbursement Management
- Operational Risk Management
- Covenant Tracking
- Stakeholder Management
How to Get Hired at IDFC FIRST Bank
- Research IDFC FIRST Bank's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor. Focus on their 'Customer First' philosophy.
- Tailor your resume for Credit Administration: Highlight extensive experience in wholesale banking operations, regulatory compliance, and loan documentation specific to Indian banking and RBI guidelines.
- Showcase problem-solving and collaboration: Prepare examples demonstrating your ability to resolve complex issues and liaise effectively with legal, credit, and business teams.
- Prepare for technical and behavioral interviews: Expect questions on credit frameworks, product knowledge, operational risk mitigation, and handling stakeholder relationships within a banking environment.
- Network strategically within IDFC FIRST Bank: Connect with professionals in Credit Administration or Wholesale Banking Operations on LinkedIn to gain insights and express interest.
Frequently Asked Questions
Find answers to common questions about this job opportunity
01What are the core responsibilities of a Senior Specialist - Credit Administration at IDFC FIRST Bank?
02What types of financial products will a Senior Specialist handle within IDFC FIRST Bank?
03How important is regulatory compliance for the Senior Specialist - Credit Administration role at IDFC FIRST Bank?
04What educational background is IDFC FIRST Bank looking for in a Senior Specialist - Credit Administration?
05What is the 'Customer First' philosophy's impact on this Credit Administration role?
06Will this role involve any IT system interaction or development at IDFC FIRST Bank?
07What kind of experience with legal documentation is required for this role at IDFC FIRST Bank?
08How does IDFC FIRST Bank manage operational risk in Credit Administration?
09What is the expected level of collaboration with other departments for this role at IDFC FIRST Bank?
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