4 Credit Risk Analyst Jobs in Waltham, MA
Veterans Sourcing Group is Hiring a Credit Risk Analyst Near Waltham, MA
Job Title: Credit Risk Analyst
Location: Waltham, MA / Phoenix , AZ / Plano, TX
Pay Rate: $43.42/hr on W2
Duration: 12-month contract with Possible extension
Job Description Summary
Provide analytical, administrative support within an internal control environment. Responsible for assisting in the execution of the Operational Risk Program for the Line of Business. Assist team in gathering and organizing data that will help track, report and manage internal control gap issues and mitigation plans. Acts as an ambassador of the risk culture. Incumbents typically have up to 2 years of risk management and/or LOB/ECF experience.
Job Description
Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF. Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management. Acts as an ambassador of the risk culture. Incumbents typically have over 5 years of risk management and/or LOB/ECF experience
The analyst is responsible for supporting Quality Assurance reviews for Middle Market, Business Banking, Special Assets Group, Small Business and Practice Solutions fulfilment teams.
Responsibilities include:
- E2E QA review:
- Loan documentation accuracy - validate accuracy of terms and conditions within the loan agreement, renewal or amendment.
- Booking accuracy validate loans are booked accurately on System of Record, matching the agreement terms.
- Identify and escalate quality assurance findings promptly, following appropriate communication channels
- Communication - clear and concise communication of quality assurance findings, to different management levels
- Drive execution - ownership and prompt follow up on defect remediation; debate of disputes in a professional manner and in accordance with process and procedures
- Drive Change - support project work across multiple teams/sites. Influence change by identifying process gaps and recommending appropriate solutions in compliance with current laws and regulation.
- Technology & transformation. Commitment to technology initiatives and improvements
- Collaborates works effectively with others by establishing and maintaining positive working relationships
- Act in accordance with the letter and spirit of all applicable laws, rules and regulations, the company's code of conduct, risk framework, risk appetite statement and other relevant policies, standards, procedures and guidance. Is proactive in identifying, managing and controlling risks within the fulfillment space.
Enterprise Role Overview:
Provide analytical, administrative support within an internal control environment. Responsible for assisting in the execution of the Operational Risk Program for the Line of Business. Assist team in gathering and organizing data that will help track, report and manage internal control gap issues and mitigation plans. Acts as an ambassador of the risk culture. Incumbents typically have up to 2 years of risk management and/or LOB/ECF experience.
Required skills:
- 5 years of Credit experience
- Understanding of Credit Documentation and Accounting.
- Strong analytical skills
Desired Skills
- Strategic presentation skills (PowerPoint/Excel)
- Ability to present to leadership team
- Process design; training and procedure building.
- Team player
Job Summary
Full Time
$52k-73k (estimate)
04/25/2024
05/11/2024
theclgrp.com
NEW YORK, NY
<25
2006
<$5M
Business Services
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About Veterans Sourcing Group
Welcome to the Veterans Souring Group company profile. Veterans Sourcing Group (VSG) is a Service Disabled Veteran Owned Small Business SDVOSB. Veterans Sourcing Group was formed to honor our Heroes by enabling Veterans to find employment and assisting companies, large and small, to gain access to Veterans. Today, the US Military Veteran returning from active duty abroad is increasingly being shut out of IT Jobs due to off shoring, lack of experience, lack of training or a combination of both. The Veterans Sourcing Group solution combines the talents of the C&L Group professionals who current...ly compete with the Indian Outsourcers with the veteran experiences of its JV partner to provide the necessary training, coaching, guidance and placement services to our Veterans to locate and succeed in these high tech jobs. Veterans Sourcing Group, a SDVOB designated firm, is in position to receive preferential treatment by Industry and Government in the award of contracts that may otherwise have gone offshore. Companies with active Diversity Programs are able to include VSG spend and or staff augmentation headcount in fulfillment of their diversity and minority goals as a result of our 51% ownership by a Service Disabled Veteran. The Veterans Sourcing Groups motto, Keeping American Jobs for American Vets, is designed to not only be a catchy phrase but to honor the service of our nations best, the Veterans. We focus on developing needed partnerships by reaching out to the Public and Private Sectors and the US Government through agencies such as the Veterans Administration to get them to share in its Vision and Goals.
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The following is the career advancement route for Credit Risk Analyst positions, which can be used as a reference in future career path planning. As a Credit Risk Analyst, it can be promoted into senior positions as a Letter of Credit Officer that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Risk Analyst. You can explore the career advancement for a Credit Risk Analyst below and select your interested title to get hiring information.
