Talent.com
Credit Risk Contractor

Credit Risk Contractor

AxelonJersey City, NJ, United States
30+ days ago
Job type
  • Temporary
Job description

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

6 Month Contract

Hybrid- Onsite

Rate : $61 / hr on

The position

Client is seeking to engage a contractor to support the work of its Credit Risk Review team. The primary role of Credit Risk Review is to :

  • promptly identify loans with actual and potential credit weaknesses.
  • validate and, if necessary, adjust credit risk ratings.
  • assess the adequacy of (and adherence to) internal credit policies and loan administration procedures and compliance with applicable laws and regulations.

Minimum Required Qualifications :

  • 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.

    Preferred Qualifications :

  • 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.
  • Responsibilities (further details) :

  • 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.
  • Create a job alert for this search

    Risk Credit Risk • Jersey City, NJ, United States

    Related jobs
    • Promoted
    Manager, Credit Risk

    Manager, Credit Risk

    FLEX IncNew York, NY, United States
    Full-time
    Flex is a growth-stage, NYC headquartered FinTech company that is creating the best rent payment experience.It's hard to believe that it's 2025 and paying rent on time is expensive, inflexible, and...Show moreLast updated: 1 day ago
    • Promoted
    • New!
    Associate, Credit Risk

    Associate, Credit Risk

    GeminiNew York, NY, United States
    Full-time
    Gemini is a global crypto and Web3 platform founded by Cameron and Tyler Winklevoss in 2014, offering a wide range of simple, reliable, and secure crypto products and services to individuals and in...Show moreLast updated: 17 hours ago
    • Promoted
    Credit Risk Structured Credit

    Credit Risk Structured Credit

    Nomura InternationalNew York, NY, United States
    Full-time
    The pay range for this position at commencement of employment is expected to be between $145,000 and $175,00 / year •.Nomura is a global financial services group with an integrated network spanning ov...Show moreLast updated: 30+ days ago
    • Promoted
    Credit Risk Analytics & Strategy

    Credit Risk Analytics & Strategy

    Artemis ConsultantsNew York, NY, United States
    Full-time
    The company a global leader in enterprise-grade data analytics and AI solutions, committed to empowering businesses across various industries with cutting-edge technology and expert insights.Backed...Show moreLast updated: 8 days ago
    • Promoted
    • New!
    Condo / Coop Credit Risk Manager

    Condo / Coop Credit Risk Manager

    U.S. BankNew York, NY, United States
    Full-time
    Bank, we're on a journey to do our best.Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.We b...Show moreLast updated: 17 hours ago
    • Promoted
    Portfolio Management Group - Credit Risk Professional - Associate

    Portfolio Management Group - Credit Risk Professional - Associate

    MUFGNew York, NY, United States
    Full-time
    Do you want your voice heard and your actions to count?.Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150...Show moreLast updated: 30+ days ago
    • Promoted
    Senior Credit Risk Associate

    Senior Credit Risk Associate

    AtlasNew York, NY, United States
    Full-time
    Underwrite new credit requests.Contribute to credit policy development.Collaborate cross-functionally.Finance, Product, and Operations to improve credit decisioning, automate workflows, and streaml...Show moreLast updated: 8 days ago
    • Promoted
    • New!
    Senior Credit Risk Manager - Morristown, NJ

    Senior Credit Risk Manager - Morristown, NJ

    Valley BankMorristown, NJ, United States
    Full-time
    Responsibilities include but are not limited to : .Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication ...Show moreLast updated: 17 hours ago
    • Promoted
    • New!
    Sr Credit Risk Manager

    Sr Credit Risk Manager

    Valley BankNew York, NY, United States
    Full-time
    Responsibilities include but are not limited to : .Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication ...Show moreLast updated: 17 hours ago
    • Promoted
    • New!
    Manager, Credit Risk

    Manager, Credit Risk

    GeminiNew York, NY, United States
    Full-time
    Gemini is a global crypto and Web3 platform founded by Cameron and Tyler Winklevoss in 2014, offering a wide range of simple, reliable, and secure crypto products and services to individuals and in...Show moreLast updated: 17 hours ago
    • Promoted
    • New!
    US Analyst - Credit Risk Loan Review

    US Analyst - Credit Risk Loan Review

    Crédit Agricole S.A.New York, NY, United States
    Permanent +1
    Types of Jobs - Risk Management / Control.US Analyst - Credit Risk Loan Review.Within CUSO Risk department, the Credit Risk Loan Review Unit is responsible for ensuring an independent review of the...Show moreLast updated: 15 hours ago
    • Promoted
    Credit Risk Contractor

    Credit Risk Contractor

    AxelonJersey City, NJ, United States
    Temporary
    Global Financial Firm located in Jersey City, NJ has an immediate contract for an experience Credit Risk Review Consultant. Client is seeking to engage a contractor to support the work of its Credit...Show moreLast updated: 8 days ago
    • Promoted
    Credit Risk Strategy & Analytics, Capital

    Credit Risk Strategy & Analytics, Capital

    StripeNew York, NY, United States
    Full-time
    Stripe is a financial infrastructure platform for businesses.Millions of companies-from the world's largest enterprises to the most ambitious startups-use Stripe to accept payments, grow their reve...Show moreLast updated: 8 days ago
    • Promoted
    Credit Risk Analyst

    Credit Risk Analyst

    DRWNew York, NY, United States
    Full-time
    We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.C...Show moreLast updated: 8 days ago
    • Promoted
    • New!
    Credit Risk Manager - SME (US) (m / f / d)

    Credit Risk Manager - SME (US) (m / f / d)

    infinnity financial technologies GmbHNew York, NY, United States
    Full-time
    Pliant is a European fintech specializing in B2B payment solutions.Our modular, API-first platform helps businesses streamline spending, improve cash flow, and integrate payments into their financi...Show moreLast updated: 17 hours ago
    • Promoted
    Credit Risk

    Credit Risk

    eTeamJersey City, NJ, United States
    Temporary
    Job Title : Credit Risk Reviewer.Job Duration : 3 months contract.Location : Jersey City, NJ 07310.The client is seeking to engage a contractor to support the work of its Credit Risk Review team.The p...Show moreLast updated: 8 days ago
    • Promoted
    Credit Risk Manager

    Credit Risk Manager

    Valley BankParamus, NJ, United States
    Full-time
    Responsibilities include but are not limited to : .Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for ex...Show moreLast updated: 1 day ago
    • Promoted
    Credit Risk and Portfolio Analyst

    Credit Risk and Portfolio Analyst

    IDBNew York, NY, United States
    Full-time
    For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people.Here ...Show moreLast updated: 8 days ago