Primary Talent Partners has a 6 month contract opening for a Credit Analyst to join a multinational bank for a hybrid position in New York, NY.

Pay: $65/hr - $70/hr

Contract: 6 months, extensions possible, conversion possible

Onsite/Remote: Hybrid in New York, NY -- 2 days onsite, 3 days remote

Summary:

This role will be responsible for completing credit analysis on insurance companies, mortgage companies, pensions, and public entities within the Americas to facilitate informed credit decisions.

Responsibilities:

• Interact with Coverage Bankers, Business Lines and Risks, seeking an impactful and early stage contribution to credit decisions
• Interacts in full transparency with the Binome (SCO & FIC Relationship Manager).
• Attend when necessary discussions forum under the leadership of the Binome.
• Prepare credit proposal in the light of FIC commercial strategy, coverage memo, and of any material information (transaction or risks) provided by the RM Pilot or the Binome.
• Contribute together with the Binome to the identification of the credit points that need to be discussed with the client (during Due Diligence for example).
• Discuss the requests of Credit limits with the Business Lines
• Work with Coverage of Financial Institutions and Business Lines to mitigate risk related to the counterparties
• Initiate due diligence's meeting or credit review
• Co-ordinate with Legal Department and credit officers to execute legal documentation by providing credit-sensitive terms in legal documentation and collateral arrangements with financial institution clients. Legal documentation includes: ISDA/CSA, PSA, PSA/ISMA, MSFTA, and GMSLA.
• Interacts with nearshore Credit platforms for reviews of files, methodological support, training, new joiners welcome programmes
• Guarantee objective, qualitative and synthetic credit risk analysis and recommendation (Annual review, ad hoc, credit notes, comparative analysis) on the portfolio for which they are responsible
• Guarantee the application of Bank's procedures and policies and the consistency of Bank's ratings
• Manage the annual review process and Ad Hoc requests according to their complexity, strategic importance and level of risk
• Manage the appropriate risk monitoring, jointly with CRC when applicable
• Contribute to the risk strategy definition by providing recommendation on the risk profile of the counterparty and on specific transactions in relationship with the appropriate stakeholders
• Contribute to the Bank's reactivity vis-à-vis clients' expectations by prioritizing urgent requests under his/her responsibility with his/her manager
• Contribute to the exposure and risk monitoring o/w reports on exposure and excesses.
• Contribute to transversal projects, crisis management and excess management
• Contribute to the quality of process: use adequately the credit process' flow and workflow system, maintain critical client data, interact efficiently ahead of credit committee with the various stakeholders of the credit process,
• Contribute to the development/update/filling in of policies, reports and risk tools, to the Credit Process optimization and to the identification of best practices
• Contribute to & Attend at the Watch List and Doubtful committees on owned portfolio
• Contribute to the Due Diligence process & Attend at the adequate committees in collaboration with Credit Officers & SCOs

Minimum Required Qualifications

• BS/BA required (with finance or economic background preferred).
• 7+ years previous experience in banking and/or credit risk experience with an expertise covering the insurance sector
• Expertise in capital markets products and related legal documentation (ISDA, CSA, GMRA…)
• Self-starter and highly motivated to learn a variety of financial institution industry sectors and capital markets products.
• Excellent presentation and communication skills (verbal and written) to firmly and confidently express credit decisions & opinions.
• Ability to organize time and meet deadlines/deliver requests on time
• Ability to work in a team environment: interacting with other credit analysts, relationship managers, front office sales persons, and clients
• Proactive, with the ability to multi-task and influence change
• Strong and proven analytical skills
• Adaptability and proactivity, multitasking
• Solid knowledge and understanding of banking and financial markets
• Self-driven and organized
• Rigorous and reliable.
• Understanding of Corporate Banking and Capital Markets products. Capital market transactions include products such as credit and equity derivatives, swaps, bond options, repos, foreign exchange, equity trading, and securities lending. Corporate Banking transactions include products such as syndicated loan participations, letters of credit, structured transactions, and mortgage warehouse facilities.

Preferred Qualifications;

• Experience in credit analysis covering Pensions and mortgage sectors (including mortgage warehouse facilities)
• Technical skills, Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)
• MBA, FRM, CFA or CPA designation a plus

#PTPStandard

Job Type: Contract

Pay: $65.00 - $70.00 per hour

Schedule:

• 8 hour shift
• Monday to Friday

Education:

• Bachelor's (Preferred)

Experience:

• credit analysis / credit risk: 1 year (Preferred)
• covering the insurance sector: 1 year (Preferred)
• capital markets products and related legal documentation: 1 year (Preferred)

Work Location: Hybrid remote in New York, NY 10019

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