Manager, Finance & Banking

IN DEMAND Recruitment & Consulting Inc. is seeking a MANAGER, LOAN & TRADE FINANCE OPERATIONS,for a client in New York (Midtown Manhattan).

Loan and Trade Finance Operations provide back-office loans processing for corporate & financial institutional customers covering bilateral and syndication loans. Reporting to the Operations Manager, you will be responsible for the accurate and timely processing of loan transactions, including loan disbursements, rollovers, fee and interest collections, billings, loan servicing, funding activities, account reconciliations, and audit confirmations. The role also involves managing incoming and outgoing funds related to loan transactions while ensuring compliance with internal policies, regulatory requirements, and established control procedures.

Candidates with knowledge and experience in trade finance products and operations, including Letters of Credit, Performance Guarantees, Standby Letters of Credit and Receivables Purchase Financing will have an added advantage. You will be expected to be involved in the process improvements project initiatives and other operational risk related activities.

This organization offers the stability and reputation of a leading global financial institution, with more than 500 branches and offices across 19 countries and territories. With a strong focus on long-term career development, continuous learning and internal growth
, they provide employees with opportunities to build meaningful careers in an inclusive, collaborative environment. Its culture emphasizes integrity, teamwork, innovation and doing what’s right
, making it an attractive employer for professionals looking to grow with a well-established international organization.

This role is 100% on site.

Compensation target is $90,000 – $100,000/year.

(Open to hearing from those outside of this range)

• Verify loan account opening request against bank’s credit terms, prepare loan details (loan amount, interest rate, tenure, repayment terms) instruction and scan it to the back-office processing centre for account setup in the loan system.
• Process loan drawdowns / disbursements upon receiving instructions from Credit Administration & Control that all conditions precedent have been complied with.
• Coordinate with treasury for rate fixing and funding.
• Coordinate with Branch Operations for receipt and/or outgoing funds.
• Monitor and process interest payments, principal repayments and fee collections. Ensure payments are accurate and on schedule.
• Handle any early repayments or loan restructuring.
• Conduct investigation arises from incorrect postings, payment mismatches or errors in processing and resolve operational problems quickly.
• Handle loan maintenance due to interest rate revision, tenor extension and amendment to credit terms. Maintain accurate and up-to-date loan records.

• Process issuance of Letters of Credit, Performance Guarantees, Standby Letters of Credit, and related amendments.
• Process Receivables Purchase Financing facility, support trade loan drawdowns, repayments, and rollovers.
• Review trade documents for completeness and compliance.
• Verify customer instructions and ensure proper authorization.
• Conduct transaction checks in accordance with operating procedures and control requirements.
• Ensure compliance with UCP 600, URDG, ISP
  98, ICC rules, and applicable regulations.
• Perform AML, sanctions, and KYC-related checks, where required.
• Coordinate with Compliance, Legal, Business Unit, back-office processing centre on transaction matters.

• Strict adherence to internal policies, controls, regulatory guidelines and standard operating procedures.
• Identify potential risk or compliance issues.
• E…