Assistant Manager -Credit

Job Title: Asst. Manager- Credit

Department: Credit

Reporting To: Head of Credit

Area of Responsibility

• Appraisal of credit proposals from origination for credit approval
• To assess credit grade/internal risk rating based on the bank’s systems
• To carry out review/renewals of the existing loan accounts
• Provision of transaction support including making input in to loan documentation and ensuring that loan documentation complies with credit approvals.
• Credit Monitoring of the borrower accounts to maintain the healthy asset portfolio and to identify exceptions for timely escalation and resolution of issues.
• Administration of all operational aspects of trade finance and Loan products.
• End to end oversight and management of loan accounts
• Liaising regularly  with borrowers, surveyors, solicitors, other service providers to ensure compliances of various loan covenants
• Contribute to the continuous improvement of processes, systems.
• Preparation and timely submission of monthly reports and statistics for the MIS

Skills & Knowledge

• Relevant experience, ideally within a bank/financial institution
• Excellent analytical and numerical skills to assimilate complex information rapidly
• Good accounting/finance education and skills as well as knowledge of loans and credit products
• Superior reading comprehension, written and verbal communication skills
• Previous experience of using Finacle (desirable) or other core banking solutions software
• Ability to work under pressure and to deadlines
• Ability to manage multiple priorities
• Possess advanced Microsoft Office skills – particularly Word and Excel
• Ability to work effectively within team environment and display adaptability to changing work environment

Please send your CV to hr@unionbankofindiauk.co.uk

Assistant Manager Finance

Department: Finance

Reporting To: Manager & Regulatory

Job Purpose:

• Preparing of the management accounts of the bank at periodic intervals.
• Prepare the budget and related MIS on monthly/ quarterly/ annual basis for top management review
• Manage VAT accounting and refunds there from.

Areas of Responsibility

Book keeping

• Booking month end and expenses entries in system.
• Make actual payments using internet banking platform
• Keeping record of all processed transactions.

Financial management

• Responsible for annual accounts of the Bank, viz balance sheet, income statement and cash flow statement as per IFRS and Indian GAAP.
• GL movement, scrutiny, analysis, review on monthly basis
• Overall control of all financial transactions and accountancy matters.
• financial planning and related ongoing advice for the chief executive and senior management

Management accounts

• Providing budget, forecast for the business, departments. Produce and review of monthly management accounts along with balance sheet analysis, income analysis, variance analysis, comparative analysis, ratio analysis, KPI, commentary
• Responsible for the month end entries like fixed asset, depreciation, accruals, and prepayments entries.

Areas of Knowledge

• Good team player has willingness to learn and grow with the bank. Good proficiency in excel, word, macros etc.

Risk Manager

Department: Risk management

Reporting To: ED & Deputy CEO

Job Purpose: "Manage and monitor the Risk Management Frame work of the Bank"

Broad Areas:

• Responsible for Risk Framework including-
• Credit Risk-Bank counterparty, corporate, Trade Finance country risk;
• Market Risk- FX, Money Market, Fixed Income (Bonds), mark to market, VAR for FX, Bonds;
• Liquidity Risk- Regulatory Stress Scenarios, LCR;
• Operational Risk- Risk of Systems and Processes, people of the bank around Individual departments and as expected by the regulator;( assessment of risk of individual department)
• Regulatory –ICAAP & ILAA Monitoring of Capital, Liquidity and other threshold conditions,
• Conduct Risk and enterprise risk;
• Mid office function: monitoring the risks.
• Secretary Risk & Compliance Committee of the Board;

Area of Responsibility:

• Risk Management and review of Risk frame work including ICAAP, ILAA and RRP.
• Review of monthly/quarterly portfolio reports, MI risk dash board to management RCC.
• Monitor maintain and update the Risk register incident register for monitoring risk including the operational risks.
• Regular monitoring of various portfolios of assets vis a vis the market risks ( Credit and Market)
• Monitor and manage the liquidity risk, ensure liquidity is adequate as per the ILG given to the bank
• Articulate and disseminate key risk issues with relevant recommendations for risk mitigation to the departments.
• Monitor of credit and investment portfolio on regular basis.
• Develop and implement robust credit risk management systems, procedures and controls with the objective of identifying, measuring, monitoring and mitigating the key credit risks facing the Bank.
• Monitoring adherence to various credit risk appetite limits both internal and prudential caps such as large exposures limit, counterparty exposures limit, country exposures limit, and sectoral limits, risk rating wise limits, secured and unsecured exposures etc.
• The Mid Office functions which monitors the activities of the Bank’s Treasury (including operational, market and credit risk functions)
• Regular MIS- presentation of portfolio analysis to the management highlighting portfolio distribution across rating, product, sector, country, top exposures, irregular & overdue cases and unhedged exposures.
• Strive to incorporate risk management capabilities using best practices followed in the industry.
• Involvement with project specific assignments as may be required from time to time
• Setting up of stress testing framework to stress Bank’s credit portfolio.
• Annual review of Bank’s ICAAP, ILAA and RCC.
• Attending to queries from internal and external auditors.
• Risk appraisal of business proposals as per Credit/Market/Operations perspective by participating in Credit approval committees as a mandatory member.

Functional Skills:

• Excellent understanding of a diverse range of industries, corporates and geographies
• Strong analytical and interpersonal skills
• Business acumen to appreciate and optimise risk return profile of diverse products and processes. Ability to challenge and convince, independently and constructively, senior management, peers or other relevant staffs, to conduct business with the desired risk return profile.
• Ability to analyse proposals in detail, from a range of angles, while never losing sight of the ‘big picture’ and propose creative solutions to assist the business to achieve returns commensurate to its risk profile
• Knowledge of MS and Word

Please email your CV to hr@unionbankofindiauk.co.uk