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This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.
Role Purpose:
The role of the Senior Deal Execution Officer is primarily to assist and support the Relationship Management Team to complete and manage residential and commercial nonregulated loans that are introduced by the Head of Department (HoD), Head of Sales (HoS), Business Development Directors (BDD)/ Managers and Relationship Managers (RM) within the Bank. The Senior Deal Execution Officer reports directly to the Deputy Head of Operations.
Responsibilities:
Pre Drawdown:
* Liaise with customers / prospects / brokers and third-party professionals by phone, email etc. to progress deals in conjunction with the relevant RM, ensuring accurate notes are recorded in Aurius / Virtual Cabinet[CI1]
* Undertake research and initial searches for new deals, input into Aurius, design and draft Memos, Reports[JG2], File Notes and any other paperwork as required
* Liaising with RMs to understand final deal / loan conditions approved in Credit Committee
* Liaise with BDD/RMs to prepare credit paper packs for weekly credit submissions in a timely manner
* Setting up file for completions when deals are sanctioned, undertaking all appropriate KYC/KYB/AML searches and liaising with RM for final sign off, assisting with satisfying loan conditions and flagging any issues to the appropriate RM in a timely manner
* Confident in engaging with bank's financial crime/compliance team to deal with enhanced due diligence for AML
* Assisting the RM with the case management of the case to ensure the deals are progressing within the correct timescales and liaising with the broker, client (where appropriate) and third-party professionals to collate any information for drawdown
* Assisting with the sourcing of quotes from professionals and drafting of instruction letters to valuers, solicitors and asset managers
* Review and understand final credit paper and credit minutes to prepare Offer Letter
* Drafting of complex Offer Letters and Variation Letters
* Ensuring the case progress is kept up to date on Aurius, the WIP/cashflow is up to date and setting up the advance and fees for drawdown
* Maintain efficient and professional service, and good customer/banker relationship
Post Drawdown:
* Undertaking post completion checklist and "first check" signing off as case manager and producing customer Welcome Letter.
* Monitoring of loan conditions to include flagging to the RM upcoming conditions where their input is required, liaising with client to obtain relevant information to satisfy loan conditions, setting up and drafting memos and file notes, updating Aurius, amending master spreadsheet and VC'ing evidence of satisfied conditions
* Assist the RM with setting up and drafting memos for extensions/renewals/restructures
* Confident in producing Variation/Amendment Letters in line with Credit approvals for loan extensions and variation of loan terms
* Identification to RM of risk situations and overdue loans ensuring portfolio is adequately monitored
* Assist with initial review of Asset Manager / QS reports and assist the RM with works drawdowns to include setting up the tranche release form and processing the payment in Aurius
* Undertake first check of Extension Checklist and ensure all relevant amendments have been actioned and Aurius updated
* Ensure Portfolio Management adheres to the Bank's Internal Processes and External Regulatory Framework
* Preparations of Redemption/Prepayment Statements and dealing with release of security as per bank's procedures.
General Matters:
* Assist the Head of Department as and when required
* Assist Head of Operations as and when required
* Provide support and assist other members of the team as and when required (Sales, Relationship Management, Operations)
* Manage efficient and accurate file maintenance and account processing (Aurius and Virtual Cabinet)
* Assist rest of Operations team with day-to-day tasks, if required to cover workflow / absences etc.
* Adherence to SPF Credit Procedures and Lending Policies
* Undertake Specific Projects as and when required by the Team or the wider Bank
* Any other matters required to be done to assist in the achievement of the Bank's budget and business development plans, including any personally allocated performance objectives
Skills and Experience sought:
* Good working knowledge of non-regulated lending secured by residential and commercial property
* A minimum of 5 years' experience working in a similar role.
* Good understanding and experience of KYC/AML requirements.
* Good written/report writing skills
* Ability to communicate accurately, both verbally and in writing
* Ability to manage multiple tasks whilst working to tight deadlines and maintaining attention to detail
* Willing to work outside normal business hours when necessary to meet team objectives
* Strong attention to detail and organisational skills
* Ability to work with limited supervision
Remuneration and Benefits:
* competitive salary and discretionary bonus scheme
* matched pension contributions up to 7%
* 26 days annual leave plus two wellbeing days and opportunity to purchase additional holiday
* flexible and hybrid working
* private medical insurance via Vitality
* life, income protection and critical illness insurance
* enhanced family leave pay
* extensive learning and personal development opportunities
* electric car scheme and cycle to work scheme
* season ticket loan
* wellbeing support - discounted gym membership, employee assistance programme, 24/7 private GP access for staff and their immediate family (online), 1:1 key life stage coaching
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