Credit Risk Analyst

If you are a self-motivated individual with a passion for numbers and a keen eye for detail, we would love to hear from you

Position: Credit Risk Analyst

Location: New York, New York, United States

Salary: $152000 - $192000

Overview: We are seeking a highly analytical and detail-oriented Credit Risk Analyst to join our team. As a Credit Risk Analyst, you will be responsible for assessing and managing the potential risks associated with extending credit to customers. You will play a critical role in ensuring the financial stability and growth of our company by analyzing credit data and making informed decisions. The ideal candidate will have strong analytical skills, excellent communication abilities, and a deep understanding of credit risk management.

Key Responsibilities:

• Conduct thorough credit risk assessments by analyzing financial statements, credit reports, and other relevant data to determine the creditworthiness of potential and existing customers.
• Monitor and evaluate credit exposures and identify potential risks, providing recommendations to mitigate risk and protect the company's assets.
• Develop and maintain credit risk policies and procedures to ensure compliance with company standards and regulatory requirements.
• Collaborate with various departments, including sales, finance, and collections, to gather and analyze data and make informed decisions.
• Utilize statistical models and forecasting techniques to identify trends and patterns in credit data and make predictions for future credit behavior.
• Prepare and present reports to senior management and other stakeholders, providing insights and recommendations for credit risk management strategies.
• Stay up-to-date with industry trends and changes in regulations related to credit risk management and make necessary adjustments to policies and procedures.
• Conduct regular portfolio reviews and stress tests to assess the overall credit risk exposure of the company.
• Identify and investigate any potential fraudulent activities and take appropriate actions to prevent and mitigate risks.

Qualifications:

• Bachelor's degree in Finance, Economics, or a related field. Master's degree is preferred.
• Minimum of 3 years of experience in credit risk analysis or a similar role.
• Strong understanding of credit risk management principles, methodologies, and best practices.
• Proficient in statistical analysis and modeling techniques.
• Excellent analytical, problem-solving, and decision-making skills.
• Advanced knowledge of Microsoft Excel and other data analysis tools.
• Excellent communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner.
• Ability to work independently and in a team environment.
• Strong attention to detail and ability to handle multiple tasks simultaneously.
• Knowledge of regulatory requirements and industry standards related to credit risk management is a plus.

Join our dynamic team and help us manage credit risk to support the growth and success of our company.