What are the responsibilities and job description for the Credit Risk Specialist - Associate position at LanceSoft?
Credit Risk Specialist
Work Model : Quincy, MA _Onsite training required; hybrid setup (2 days in-office, 3 days remote) after initial onboarding.
Duration : 9 months
Job Description :
Role Overview : The Risk Monitoring Center of Excellence is seeking a dedicated professional to support the first-line defense function. This team plays a crucial role in evaluating Payment and Settlement transactions that are flagged due to insufficient funds or other risk factors. As a Risk Operations Contractor , you will be responsible for reviewing, analyzing, and escalating transactions to the appropriate business lines and Enterprise Risk Management (ERM) teams for approval and resolution.
Key Responsibilities :
- Analyze and review transactions on a case-by-case basis, resolving or escalating as necessary.
- Ensure all transactions are processed within market and currency deadlines.
- Maintain compliance with Corporate Risk Policy and Standard Operating Procedures .
- Promptly respond to client inquiries and ensure timely resolution.
- Utilize various system applications, including MCH, MTS, IBS, and Hogan .
- Adhere to regulatory compliance guidelines.
- Identify and report any unusual or potentially suspicious transaction activity per corporate policies.
Qualifications & Requirements :
Additional Role Details :
