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Loans Operations Officer

  • Location: City of London, London
  • Sector: Banking Operations
  • Salary: £175 - £200 per day
  • Job type: Contract/Interim/Temporary
  • Date posted: 05/02/2020
  • Job reference: 60419

LMA Recruitment's client is a Commercial Bank in the City, looking for a Loans Operations Officer to join the Loans Operations team. The team is responsible for boarding all loan products offered to the Bank's clients in the UK onto the bank's operating systems.

Responsibilities of this role include, but are not limited to:

  • Recording new loan account details on all relevant bank systems
    Loan application form details and client instructions and details
  • Maintain client loan accounts and ensure ongoing client account instructions are implemented efficiently and accurately
  • Facilitating loan draw downs, repayments and settlements
  • Applying account fees and charges
  • Calculating interest

Requirements for this role include, but are not limited to:

  • Previous experience in a banking operations environment
  • Expertise in respect of loan products including: general operating principles and mechanics of loan accounts, loan product range within the banking industry, pricing and fee types and calculation methods, knowledge of regulations and industry standards
  • Some knowledge of deposit products would be an advantage

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