Job Information
Manager – Centralized Collateral & Securities
Company Information
Job Information
Company
Sagicor Jamaica
Website
https://www.sagicor.com/
Contact Name
Contact Email
sagicorjobs@careerjamaica.com
Job Type
Full-time
Department
Sagicor Bank Jamaica Ltd.
Category
Computer/IT
Posted
27-03-2024
Job Status
Start Publishing
18-04-2024
Stop Publishing
27-04-2024
[Kingston,Jamaica ]
Description
“Looking for a diverse and rewarding career? If you're looking to grow your career within a stable and growing financial services company, then Sagicor may be right for you!"
Sagicor Bank Jamaica Limited is seeking a suitable candidate to join our Centralized Collateral & Securities team in the capacity of: Manager – Centralized Collateral & Securities
- Have responsibility and custody of the Bank’s Collateral and Security Documentation portfolio.
- Manage the process of preparation and perfection of security documentation for personal and corporate lending as approved.
- Verify collateral requirements and pre-disbursement conditions, in-house stamping, logging of collateral on T24 and the release of collateral and custodial responsibilities.
- Ensure compliance to the Bank’s policies and procedures and the relevant Acts of Jamaica as it relates to the preparing, processing, stamping, recording, safekeeping and releasing of security documents.
- Manage the processes of preparation and perfection of security documentation for personal and corporate lending as approved.
- Ensure requests for the preparation of collateral documentation are prepared in adherence to the collateral schedule in the approved credits and Collateral Policy.
- Monitor the perfection of security documentation within statutory guidelines.
- Ensure security documents prepared by the team are checked.
- Maintain the security of all on-site documentation, including storage, retrieval, reconciliation and follow-up for outstanding documentation.
- Verify collateral requirements and pre-disbursement conditions.
- Control activities for the verification of loan packages to determine appropriate loan collateral and documentation in adherence to the bank’s policies, procedures and guidelines.
- Ensure executed documents are reviewed before authorization for disbursement.
- Facilitate collateral verifications by external examiners including Central Bank Representatives’ internal/ external audit teams.
- Ensure collaterals are updated on the platform; T24 after loan disbursement, release of collateral and receipt of updated collateral items and moveable collaterals and ensure they are logged on National Security Interest in Personal Property (NSIPP) Registry.
- Monitor and organize requests for release of collateral.
- Ensure that Request for Release of Collateral documents are completed and appropriately executed with all required information and supporting documents.
- Authorize releases and or the establishment of blocks/ lien on certificates of deposit.
- Administer a comprehensive filing system for all documents to be retained.
- Ensure observance of custodial responsibilities.
- Identify and refer over the limit and complex transactions to External Counsel and/ or Group Legal Department.
- Monitor External Counsel and/or Group Legal Department and ensure timely updates are provided within agreed timelines.
- Review and ensure that the security documentation is prepared and perfected in keeping with the approval from Credit Risk.
- Ensure the timely completion and submission of reports.
- Perform other related duties assigned from time to time.
What do you need?
- Bachelor’s degree in Accounting, Economics, Banking or Business Administration or relevant discipline from a recognized tertiary institution.
- At least five (5) years working experience in a banking/ financial institution, with at least three (3) years working experience in the area of collateral and security documentation.
- Exposure to credit documentation.
- Knowledge of all applicable credit risk policies, guidelines, procedures, and practices.
- Knowledge of Banking Services Act, Companies Act, Securities Act, Proceeds of Crime Act and other relevant laws and regulations governing the operations of the Company and its subsidiaries.
- Knowledge of conveyancing practices.
- Comprehensive knowledge of the laws relating to banking services and associated regulatory requirements.
- Strong managerial skills.
- Strong skills in lending, decision making, and problem solving.
- Strong interpersonal and communication skills.
- Sound knowledge of computer software packages including word processing and spreadsheet applications and bank technology, namely T24.
- Sound legal knowledge-base relating to loan securities documentation.
If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than April 26, 2024.
While we appreciate all applications, only shortlisted candidates will be contacted.
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