Junior Securities / Vault Officer

Summary

To assist the Senior Manager, Credit Risk Management with the required functions of the Adjudication Unit including but not limited to: Assist with reviewing consumer loan and credit card applications to ensure maintenance of agreed turnaround times. Verification and assessment of consumer credit applications. Facilitate quality assurance procedures in the credit application process by reviewing and amending as necessary, credit proposals submitted for approval. Approve credit applications including credit cards within delegated authority. Have prepared and dispatched all required reports that may be requested in a timely manner. Ensure compliance with Central Bank Regulatory requirements. Assist with execution of Key Strategic Objectives set by senior management.

Responsibilities

• Responsible for the registration and custody of securities:

  • • Maintain the Collateral/Securities Register, ensuring it's electronically updated to reflect current information at all times.
  • • Follow up with Bearers for the timely return of documents submitted for stamping and registration.
  • • Ensure the safekeeping of Securities/Collateral and loan documents inside the vault.
  • • Liaise and follow up with Attorneys at Law and Government Agencies to ensure progress is being made. Seek counsel as necessary.
  • • Liaise with Relationship Managers, Business Banking Executives, and Business Development Officers on matters relating to discrepancies/irregularities in relevant securities.
  • • Establish and maintain an appropriate diary system to ensure that Insurance policies (for properties, motor vehicles, etc.) premiums are paid up to date, and update the security listing with current insurance information.
• • Establish and maintain a proper recording system of securities held for each borrowing client/customer and the bank. Such a record/log should facilitate tracing the whereabouts of each item of security at any given time.
• • Control and maintain securities documents held by the bank under lock and key in the vault to ensure full accountability by logging all documents taken in/out at all times.
• • Ensure proper filing of security documents in the vault.
• • Release securities upon receipt of authorized approval after ensuring all conditions are satisfied, and follow up to ensure that settlements are obtained for securities released on a letter of undertaking.
• • Provide a range of clerical/administrative support to the account management team involved in credit, maintain ongoing customer relationships, and participate in marketing efforts.
• • Assist in the dispatch and retrieval of securities as required.
• • Receive and handle customer complaints; attempt to achieve a solution that is mutually satisfactory to the customer and the Bank; determine when situations necessitate referral to other staff, which will result in solidified relationships.
• • Reply to or initiate correspondence relating to matters in areas of responsibility.

Qualifications

• • First Degree in Management Studies, Finance, Banking, Economics or FICB or equivalent preferred.
• • Diploma/Certificate in Paralegal Training would be a distinct advantage.
• • Diploma/Certificate in Loan Security Documentation.
• • Minimum of three (3) years Banking Experience, knowledge of loan administration with specific emphasis in security documentation and requirements for registering and perfecting securities.
• • Experience/knowledge of security documentation and requirements for registering and perfecting securities.
• • Ability to use computer-based software applications and hardware used on the job including the loan and securities subsystem.

About First Global Bank Limited

First Global Bank is a Jamaican-based commercial bank and a wholly-owned subsidiary of GraceKennedy Limited. Operating since 2002, FGB has a reputation of redefining the banking experience through its commitment to technology and a high standard of service delivery. The bank was first to deliver several digital channels including the Caribbean’s First Video Teller Machine and expanded service delivery through agent banking services. FGB also offers one of the best rated online banking platforms (Global Access). First Global Bank currently operates eight (8) main branches and fourteen (14) banking agents across Jamaica.

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