Credit Review Auditor

Immediate need for a talented Credit Review Auditor. This is a 03+months contract opportunity with long-term potential and is located in Newport, NJ(Onsite). Please review the job description below and contact me ASAP if you are interested.

Job ID: 25-85043

Pay Range: $55 - $60/hour.  Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).

Key Responsibilities:

• Participating in reviews of credit and counterparty risk across the CIB platform to detect and report on potential weaknesses in the credit approval and monitoring process. 
• Results of reviews, including recommendations for improvement, are documented in written reports to senior management.
• Portfolios covered include Corporate Banking, Project Finance, Media & Telecom, Leveraged Finance, Asset Securitization, Hedge Funds, Insurance, Banks, and Broker/Dealers.  
• Acquiring a solid understanding of the reviewed activities and specific industry risks.
• Assessing adequacy and effectiveness of governance, management, and controls of credit risk.
• Performing in-depth reviews of individual credits to assess credit quality and validate the accuracy of the assigned counterparty risk ratings and loss given default rates and recommending changes, as necessary. 
• Individual credit reviews require thorough but succinct written credit analysis demonstrating an understanding of the following:
• Obligor’s business and structure
• Nature of facilities extended by the bank (ranging from plain-vanilla corporate loans to highly complex loan and derivative products) and exposure thereunder
• The bank’s position in the capital structure
• Expected source of repayment
• Collateral
• Legal documentation
• Obligor’s financial condition (profitability, balance sheet strength, cash flow and liquidity profile)
• Ratings validations require:
• Thorough understanding of relevant rating methodologies
• Re-performance of ratings assessment
• Assessing the quality of credit analysis performed by the business groups and the risk department and the quality of the underwriting.
• Ensuring that work is documented and communicated to stakeholders within an organized and prescribed framework.
• Evaluating compliance with regulatory guidelines and bank policies.
• Evaluating complex financing transaction structures and capital markets products (including swaps, options, futures, derivatives and securitizations) and the associated risks and mitigants.
• Identifying actual and potential problem exposures.
• Evaluating the appropriateness of the level of provisions for impaired credits. 
• Assessment of provisions involves challenging assumptions and re-performing discounted cash flow analysis, if warranted
• Assessing conformity of legal documentation and quality of supporting security (collateral).
• Adding value to the area under review by raising relevant recommendations.
• Writing quality reports with appropriate recommendations in plain English.
• Delivering clear presentations to management.

Key Requirements and Technology Experience: 

• Key Skills; Credit Analysis & Risk
• Regulatory & Policy Compliance
• Communication & Reporting
• Bachelor’s degree in accounting or finance
• MBA or CPA (or equivalent) or CFA a plus.
• 5 to 10 years financial services work experience in credit extension, underwriting, review, or analysis.
• Strong credit analysis skills with a solid understanding of the credit process and control.  Knowledge of leveraged lending and the regulatory guidance thereon would be a strong plus.
• Strong MS Excel and PowerPoint skills
• Strong writing, verbal, and interpersonal skills
• Must be comfortable discussing findings and making recommendations with the appropriate balance of tact and professional assertion. Audience includes all levels members of management, including senior management.
• A mix of credit review, risk department and origination experience would be ideal, but significant experience in one of these areas will also be considered.

Our client is a leading financial services Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

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