Credit Review Analyst
Credit Review Analyst
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Job Description
About Northern Trust:
Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Job Summary: Part of an Independent function within the organization that conducts ongoing assessment and evaluation of credit exposures and credit risk management processes of Northern Trust Corporation (including subsidiaries). The role is critical to ensurethat adequatecontrolsovercreditrisk areinplaceandisakeycomponentof asoundrisk management system.
Major Duties:
1. Primary responsibility is to support Credit Review Management Examiner-in-Charge (EIC) and examiners in their roles and assist in monitoring and analyzing the banks portfolio.
Responsible for providing Credit Review management reports:
Create management reports highlighting the overall quality of credit portfolio.
Generate exam reports used in periodic horizontal or supplemental reviews (aka as trial balance).
Able to facilitate discussions and reach decisions.
analyst will maintain excel based workbooks and will make coding adjustments (VBA) where needed.
3. Responsible for assisting Credit Reviews Continuous Monitoring process which monitors the banks lending counterparty and investment portfolios at least quarterly (or more frequently).
4. Required to complete and submit a formal report to the Head of Risk Control.
Under general direction of Credit Review Management or EIC (and training provided) participate in exams of the firms various businesses ensuring risk rating integrity portfolio quality completeness of loan documentation credit policy adequacy and adherence. Recommends changes to management with written analysis of findings.
Adhere to criteria outlined in the planning memo including expected files per day pace addressing areas of concerns / risks etc.
Confirm adherence to Corporate Credit policies applicable guidelines and regulations
Linesheets should be complete and comprehensive noting the following (but not limited to) BR rationale sources of repayment borrower / guarantor financial performance collateral analysis credit monitoring requirements loan documents and problem credit management (if applicable) etc.
Ensure risk rating model inputs and outputs are accurate and present any findings to the business unit and EIC. Ensure consistent application of overrides.
Evaluate the accuracy and appropriateness of the loan documentation and collateral. Any risk identified may result in the Borrower Rating consideration.
Evaluates the portfolio management including adherence to loan agreement covenants and is deemed prudent banking practices.
Raise issues on assigned credits and report to the EIC and other responsible parties Communicate well with partners (both written and verbal communication)
Works on projects and learning project management skills.
Requirements
Experience in using VBA Power BI queries and reporting.
Minimum 3 year of working experience in these areas.
Experience in Incorta would be added advantage.
Strong analytical skills are required to read and interpret credit documentation and to identify potentially negative credit conditions.
Proficient in excel Familiar with basic banking terminology (preferred)
Working with Us:
As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Required Experience:
IC
Employment Type
Full-Time
