What are the responsibilities and job description for the Credit Risk Specialist position at Yoh, A Day & Zimmermann Company?
Credit Risk Specialist
Location: NYC, Pittsburgh or Orlando
Type: Fulltime
Schedule: Hybrid
Salary: $120,000 - $145,000
Qualifications and Responsibilities:
• Strong experience with 1st and 2nd line of defense in credit risk. Ideally someone who has ran audits but specialized in credit risk is key.
• Some leading the team but this is mostly an individual contributor role
• Audit 1st and 2nd line credit experience…Or audit credit experience
• Internal audits (NOT than loan files and re-underwriting) - but rather audit covering credit risk framework, underwriting process, monitoring and controls; cover lending trading book
• Counterparty credit is a HUGE plus
• FRM is a plus
• Comfortable with audits and regulatory matters
• (BIG 4 financial reporting is NOT the right profile)
• Covering and auditing Second line credit risk and front office credit risk
• Auditing the credit risk framework
• Audit sites 3rd line of defense
• Regulatory risk and issues have taken place
• The new head of audit at this bank started planned transformation (about 18 months ago)
• Changes in headcount and reorg has led to new openings
• Auditing deals policies procedures general audit 2nd line of defense did their job properly
• For borrowers 15 million from various banks and 10K pages of writing (front office sign-offs)
• 2nd line looks at underwriting - financial defaults, money, cash flow, profit etc. - all credit risk review underwriting
• Credit risk is reactive and proactive, make sures loan is in compliance
• Credit risk writes 10-20% opinion - then audit gets involved, rate writing from credit risk; provide their opinion on what credit risk did
• Can be proactive for large loans and involved in construction of the deal
• Various levels of audit
• These are agency loans for billions of $$$
• Siloed: Global corporate clients - but the role boils down to credit risk
• All go through this team in audit - corporate lending audit is what’s needed
• Counter party is the 3rd party involved – execute contract; what the ability to pay the load (insurance)
• Market risk will evaluate all parts - bonds, interest rate risk; any markets exposure; not looking for equity research
• Audit or risk managers for credit risk vs Markets (credit risk is more important that the audit is fine problem is bonus are half in audit vs risk
• We need focus and volume
Note: Any pay ranges displayed are estimations. Actual pay is determined by an applicant's experience, technical expertise, and other qualifications as listed in the job description. All qualified applicants are welcome to apply.
Yoh, a Day & Zimmermann company, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Visit https://www.yoh.com/applicants-with-disabilities to contact us if you are an individual with a disability and require accommodation in the application process.
For California applicants, qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. All of the material job duties described in this posting are job duties for which a criminal history may have a direct, adverse, and negative relationship potentially resulting in the withdrawal of a conditional offer of employment.
Location: NYC, Pittsburgh or Orlando
Type: Fulltime
Schedule: Hybrid
Salary: $120,000 - $145,000
Qualifications and Responsibilities:
• Strong experience with 1st and 2nd line of defense in credit risk. Ideally someone who has ran audits but specialized in credit risk is key.
• Some leading the team but this is mostly an individual contributor role
• Audit 1st and 2nd line credit experience…Or audit credit experience
• Internal audits (NOT than loan files and re-underwriting) - but rather audit covering credit risk framework, underwriting process, monitoring and controls; cover lending trading book
• Counterparty credit is a HUGE plus
• FRM is a plus
• Comfortable with audits and regulatory matters
• (BIG 4 financial reporting is NOT the right profile)
• Covering and auditing Second line credit risk and front office credit risk
• Auditing the credit risk framework
• Audit sites 3rd line of defense
• Regulatory risk and issues have taken place
• The new head of audit at this bank started planned transformation (about 18 months ago)
• Changes in headcount and reorg has led to new openings
• Auditing deals policies procedures general audit 2nd line of defense did their job properly
• For borrowers 15 million from various banks and 10K pages of writing (front office sign-offs)
• 2nd line looks at underwriting - financial defaults, money, cash flow, profit etc. - all credit risk review underwriting
• Credit risk is reactive and proactive, make sures loan is in compliance
• Credit risk writes 10-20% opinion - then audit gets involved, rate writing from credit risk; provide their opinion on what credit risk did
• Can be proactive for large loans and involved in construction of the deal
• Various levels of audit
• These are agency loans for billions of $$$
• Siloed: Global corporate clients - but the role boils down to credit risk
• All go through this team in audit - corporate lending audit is what’s needed
• Counter party is the 3rd party involved – execute contract; what the ability to pay the load (insurance)
• Market risk will evaluate all parts - bonds, interest rate risk; any markets exposure; not looking for equity research
• Audit or risk managers for credit risk vs Markets (credit risk is more important that the audit is fine problem is bonus are half in audit vs risk
• We need focus and volume
Note: Any pay ranges displayed are estimations. Actual pay is determined by an applicant's experience, technical expertise, and other qualifications as listed in the job description. All qualified applicants are welcome to apply.
Yoh, a Day & Zimmermann company, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Visit https://www.yoh.com/applicants-with-disabilities to contact us if you are an individual with a disability and require accommodation in the application process.
For California applicants, qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. All of the material job duties described in this posting are job duties for which a criminal history may have a direct, adverse, and negative relationship potentially resulting in the withdrawal of a conditional offer of employment.
Salary : $120,000 - $145,000
