Credit Risk Reviewer (Max $60/hr W2)

Lenmar Consulting Inc. • Jersey City, NJ

249d

About The Position

The primary role of Credit Risk Review is to participate 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. The role requires acquiring a solid understanding of the reviewed activities and specific industry risks, assessing adequacy and effectiveness of governance, management, and controls of credit risk, and 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, recommending changes as necessary. Additionally, the role involves evaluating the appropriateness of the level of provisions for impaired credits, assessing conformity of legal documentation and quality of supporting security (collateral), and adding value to the area under review by raising relevant recommendations. Writing quality reports with appropriate recommendations in plain English and delivering clear presentations to management are also key responsibilities.

Responsibilities

• Participate in reviews of credit and counterparty risk across the CIB platform.
• Document results of reviews and recommendations for improvement in written reports to senior management.
• Acquire a solid understanding of the reviewed activities and specific industry risks.
• Assess adequacy and effectiveness of governance, management, and controls of credit risk.
• Perform in-depth reviews of individual credits to assess credit quality and validate assigned counterparty risk ratings.
• Recommend changes to counterparty risk ratings and loss given default rates as necessary.
• Evaluate the appropriateness of the level of provisions for impaired credits.
• Challenge assumptions and re-perform discounted cash flow analysis if warranted.
• Assess conformity of legal documentation and quality of supporting security (collateral).
• Raise relevant recommendations to add value to the area under review.
• Write quality reports with appropriate recommendations in plain English.
• Deliver clear presentations to management.

What This Job Offers

• Number of Employees: 501-1,000 employees