Auditor II

Job Title: Auditor II
Location:
New Jersey (Newport)
Pay: 58.28/hr

Hours:

8 AM - 5 PM

Our client is a leading international and multicultural financial institution, headquartered in Europe, with operations in over 60 countries and a workforce exceeding 180,000 employees. In the Client States, the client is primarily engaged in Corporate & Institutional Banking (CIB), with activities in Global Markets, Global Banking, Security Services, and asset management.

The client is seeking a contractor to support its Credit Risk Review team. The teams primary mandate is to:

• Promptly identify loans with actual or potential credit weaknesses

• Validate and, if necessary, adjust credit risk ratings

• Assess the adequacy of internal credit policies, loan administration procedures, and compliance with applicable regulations

• Participate in reviews of credit and counter party risk across the CIB platform to detect weaknesses in credit approval and monitoring processes

• Document review results and recommendations in written reports for senior management

• Acquire a solid understanding of reviewed activities and associated industry risks

• Assess adequacy and effectiveness of governance, management, and credit risk controls

• Perform in-depth reviews of individual credits to:

  • Assess credit quality

  • Validate accuracy of counter party risk ratings and loss given default (LGD) assessments

  • Recommend rating changes as necessary

• Conduct thorough credit analyses covering:

  • Obligors business and structure

  • Nature of bank facilities and exposures (corporate loans, complex loan/derivative products)

  • Capital structure positioning

  • Repayment sources, collateral, and legal documentation

  • Financial condition (profitability, balance sheet, cash flow, liquidity)

• Re-perform rating methodologies and validate ratings

• Evaluate the quality of credit analysis and underwriting performed by business and risk groups

• Assess compliance with regulatory guidelines and client policies

• Review complex financing structures and capital market products (swaps, derivatives, securitizations) and evaluate related risks

• Identify and escalate actual and potential problem exposures

• Assess adequacy of provisions for impaired credits, including independent discounted cash flow analysis if required

• Ensure proper documentation, communication, and framework adherence

• Deliver clear, concise written reports and effective presentations to management

• Add value by raising relevant, actionable recommendations

• Bachelors degree in Accounting or Finance (MBA, CPA, or CFA preferred)

• 510 years of financial services experience in credit extension, underwriting, review, or analysis

• Strong credit analysis skills with deep understanding of credit process and controls

• Knowledge of leveraged lending and related regulatory guidance strongly preferred

• Proficiency in MS Excel and Power Point

• Strong verbal, written, and interpersonal communication skills

  • Comfortable presenting findings and recommendations to senior management with tact and professional assertiveness

• Experience across credit review, risk management, and origination (combination preferred, but strong expertise in one area considered)

• Familiarity with regulated environments and large, global financial institutions