LanceSoft, Inc. · 4 months ago
Auditor II
Jersey City, NJ
Full-time, Contract
Onsite
Mid, Senior Level
$34.97/hr - $58.28/hr
5+ years expLanceSoft, Inc. is a company seeking an Auditor II to participate in reviews of credit and counterparty risk across the CIB platform. The role involves assessing the adequacy of governance and controls of credit risk, performing in-depth reviews of individual credits, and ensuring compliance with regulatory guidelines.
Information Technology
Responsibilities
Participating in reviews of credit and counterparty risk across the CIB platform to detect and report on potential weaknesses in the credit approval and monitoring process. Results of reviews, including recommendations for improvement, are documented in written reports to senior management
Acquiring a solid understanding of the reviewed activities and specific industry risks
Assessing adequacy and effectiveness of governance, management, and controls of credit risk
Performing in-depth reviews of individual credits to assess credit quality and validate the accuracy of the assigned counterparty risk ratings and loss given default rates and recommending changes, as necessary
Individual credit reviews require thorough but succinct written credit analysis demonstrating an understanding of the following:
Obligor’s business and structure
Nature of facilities extended by the bank (ranging from plain-vanilla corporate loans to highly complex loan and derivative products) and exposure thereunder
The bank’s position in the capital structure
Expected source of repayment
Collateral
Legal documentation
Obligor’s financial condition (profitability, balance sheet strength, cash flow and liquidity profile)
Ratings validations require:
Thorough understanding of relevant rating methodologies
Re-performance of ratings assessment
Assessing the quality of credit analysis performed by the business groups and the risk department and the quality of the underwriting
Ensuring that work is documented and communicated to stakeholders within an organized and prescribed framework
Evaluating compliance with regulatory guidelines and bank policies
Evaluating complex financing transaction structures and capital markets products (including swaps, options, futures, derivatives and securitizations) and the associated risks and mitigants
Identifying actual and potential problem exposures
Evaluating the appropriateness of the level of provisions for impaired credits. Assessment of provisions involves challenging assumptions and re-performing discounted cash flow analysis, if warranted
Assessing conformity of legal documentation and quality of supporting security (collateral)
Adding value to the area under review by raising relevant recommendations
Writing quality reports with appropriate recommendations in plain English
Delivering clear presentations to management
Qualification
Required
Bachelor's degree in Accounting or Finance
5 to 10 years financial services work experience in credit extension, underwriting, review, or analysis
Strong credit analysis skills with a solid understanding of the credit process and control
Knowledge of leveraged lending and the regulatory guidance thereon would be a strong plus
Strong MS Excel and Powerpoint skills
Strong writing, verbal, and interpersonal skills
Must be comfortable discussing findings and making recommendations with the appropriate balance of tact and professional assertion
Preferred
A mix of credit review, risk department and origination experience would be ideal, but significant experience in one of these areas will also be considered
Company
LanceSoft, Inc.
Established in 2000, LanceSoft is a pioneer in delivering top-notch Global Workforce Solutions and IT Services to a diverse clientele.
5001-10000 employees
H1B Sponsorship
LanceSoft, Inc. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (55)
2024 (32)
2023 (23)
2022 (25)
2021 (60)
2020 (80)
Funding
Current Stage
Late StageLeadership Team
Ram Karuppusamy
Chairman & CEO
Simon Dealy
Chief Financial Officer
Company data provided by crunchbase