Credit Risk Contractor Position Available In Hudson, New Jersey

Job Description:

Global Financial Firm located in Jersey City, NJ has animmediate contract for an experience Credit Risk Review Consultant6

Month Contract Hybrid- Onsite Rate:

$61/hr on The position Clientis seeking to engage a contractor to support the work of its CreditRisk Review team. The primary role of Credit Risk Review is to:promptly identify loans with actual and potential creditweaknesses. validate and, if necessary, adjust credit risk ratings.assess the adequacy of (and adherence to) internal credit policiesand loan administration procedures and compliance with applicablelaws and regulations.

Minimum Required Qualifications:

Bachelor sdegree in Accounting or Finance MBA or CPA (or equivalent) or CFA aplus. 5 to 10 years financial services work experience in creditextension, underwriting, review, or analysis. Strong creditanalysis skills with a solid understanding of the credit processand control. Knowledge of leveraged lending and the regulatoryguidance thereon would be a strong plus. Strong MS Excel andPowerpoint skills Strong writing, verbal, and interpersonal skillsMust be comfortable discussing findings and making recommendationswith the appropriate balance of tact and professional assertion.

Audience includes all levels members of management, includingsenior management.

Preferred Qualifications:

A mix of creditreview, risk department and origination experience would be ideal,but significant experience in one of these areas will also beconsidered. Responsibilities (further details): Participating inreviews of credit and counterparty risk across the CIB platform todetect and report on potential weaknesses in the credit approvaland monitoring process. Results of reviews, includingrecommendations for improvement, are documented in written reportsto senior management. Portfolios covered include Corporate Banking,Project Finance, Media & Telecom, Leveraged Finance, AssetSecuritization, Hedge Funds, Insurance, Banks, and Broker/Dealers.

Acquiring a solid understanding of the reviewed activities andspecific industry risks. Assessing adequacy and effectiveness ofgovernance, management, and controls of credit risk. Performingin-depth reviews of individual credits to assess credit quality andvalidate the accuracy of the assigned counterparty risk ratings andloss given default rates and recommending changes, as necessary.

Individual credit reviews require thorough but succinct writtencredit analysis demonstrating an understanding of the following:

Obligor s business and structure Nature of facilities extended bythe bank (ranging from plain-vanilla corporate loans to highlycomplex loan and derivative products) and exposure thereunder Thebank s position in the capital structure Expected source ofrepayment Collateral Legal documentation Obligor s financialcondition (profitability, balance sheet strength, cash flow andliquidity profile) Ratings validations require: Thoroughunderstanding of relevant rating methodologies Re-performance ofratings assessment Assessing the quality of credit analysisperformed by the business groups and the risk department and thequality of the underwriting. Ensuring that work is documented andcommunicated to stakeholders within an organized and prescribedframework. Evaluating compliance with regulatory guidelines andbank policies. Evaluating complex financing transaction structuresand capital markets products (including swaps, options, futures,derivatives and securitizations) and the associated risks andmitigants. Identifying actual and potential problem exposures.

Evaluating the appropriateness of the level of provisions forimpaired credits. Assessment of provisions involves challengingassumptions and re-performing discounted cash flow analysis, ifwarranted Assessing conformity of legal documentation and qualityof supporting security (collateral). Adding value to the area underreview by raising relevant recommendations. Writing quality reportswith appropriate recommendations in plain English. Delivering clearpresentations to management.