Auditor II - Axelon : Job Details

Job Title: uditor II Location: New Jersey (Newport) Pay: 58.28/hr Hours: 8 AM - 5 PM About the Client 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. Position Summary The client is seeking a contractor to support its Credit Risk Review team. The team's 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

Key Responsibilities

• Participate in reviews of credit and counterparty 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 counterparty risk ratings and loss given default (LGD) assessments
  • Recommend rating changes as necessary
• Conduct thorough credit analyses covering:
  • Obligor's 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

Minimum Qualifications

• Bachelor's degree in Accounting or Finance (MBA, CPA, or CFA preferred)
• 5-10 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 PowerPoint
• Strong verbal, written, and interpersonal communication skills
  • Comfortable presenting findings and recommendations to senior management with tact and professional assertiveness

Preferred Qualifications

• 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