Title: Research Consultant

Location: MBHQ, Al Asayel Street, Downtown, Dubai

Duration: 6-month contract with possibility of extension

Business Unit: Corporate and Investment Banking (CIBG)

• Qualifications: Graduate
• Additional Skills: Payment processing & Loan documentation

Profile of the Department – Agency

Client provides agency services for managing full facilities through their tenor on behalf of a syndicate of lenders with their borrowers/obligors. These services include:

• Providing notices to the borrower for timely servicing of the loan
• Fixing of reference rates with the borrower in case of floating rate loans
• Advance notice to the borrower of the interest and principal servicing requirements for each of the banks in the syndicate, along with the due dates
• Coordinating with the client for submission of compliance certificates regarding financial and information submission covenants
• Managing the storage and retrieval of original financial and security documents

Client also provides Security Agent services wherein it handles the security documents and keeps them in safe custody on behalf of the lenders. It also involves coordinating with the document storage and management team of Mashreqbank for ensuring safekeeping of the original documents, providing updates to the lenders, if requested on the document status and managing the security creation as well as security release processes. All these activities must be done as per the instructions of the lenders and hence close coordination with them is of the utmost importance.

Key Result Areas

• Providing support for managing all payments flow through Agent Accounts (held in UAE), including calculation of the payment amounts, preparation of remittance instructions, etc.
• Manage and monitor Information Undertakings and Financial Covenants reporting to ensure documentation compliance and sharing these documents with lenders in a timely fashion
• Maintain various Security in various facilities including coordinating with internal document management teams, lenders, and any other concerned parties.
• Liaising regularly with various departments (i.e. Inward Payments, Outward Payments, Compliance, Relationship Bankers, Risk etc.) within the bank and manage enquiries from the Lenders pertaining to transactions in the portfolio.
• Updating KYC in various accounts and fulfill all compliance/regulatory requirements

Key Skills

• Diligent with attention to detail
• Strong team player with ability to work in a multi-team, global environment
• Good MS Excel skills
• Clear and effective communication skills
• Should manage and Track System Performance, Participate technically and functionally in process optimization.
• Coordinate product training for Business & Operations users.