Jersey City
Job Title: Auditor 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