Auditor II

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