Northern Trust Job Description – Credit Review
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
As a Northern Trust employee (Partner), you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve.
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements.
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
Analyst Under general direction, responsible the periodic audit and examinations of the firm's 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. Ensures compliance of loans with internal credit policies and procedures and federal and state banking rules and regulations. Recommends additional documentation, collateral, and other ways in which to improve an existing loan transaction. Responsible for completing Credit Review’s Continuous Monitoring process, which monitors the bank’s lending, counterparty and investment portfolios at least quarterly (or more frequently). Required to complete and submit a formal report to the Head of Risk Control.Frequently interacts with partners in credit and banking during a portfolio audit and with management at affiliate offices in reviewing audit results. Handles all types of analysis and handles complex work. Tasked with assisting in monitoring the Bank’s portfolio regularly and preparing a report presented to Credit Review management. Works on projects and learning project management skills.
Requirements 2 or more years of commercial lending and/or capital markets experience, including collateral audit and loan documentation reviews, counterparty credit review experience, etc. BASEL II AIRB implementation experiences a plus. Knowledge of credit analysis, the Corporation’s credit policies, and required loan documentation, usually acquired through work experience and formal education, is required. Strong analytical skills are required to read and interpret credit documentation and to identify potentially negative credit conditions. Proficient in excel (VBA coding preferred)Bachelor Degree in Accounting or Finance
For further information, and to apply, please visit our website via the “Apply” button below.