US Analyst Credit Risk Loan Review

U.S. Associate: Credit Risk Loan Review 

Position Type: Full Time Job For 

College(s): Business 

Primary Job Function: Credit Risk and Data Analytics 

Position Start Date: ASAP

Post-Graduate Region: New York-New York City 

Job Description: 

Credit Agricole Corporate & Investment Bank's Credit Risk Loan Review department is seeking a recent graduate with data analysis expertise seeking to develop experience in the Financial Services Industry. The ideal candidate will demonstrate strong initiative, ability to work under pressure through the analysis of large data sets, and have a general understanding of banking and capital markets. Additionally, the candidate is expected to be proactive and collaborate regularly with senior team members across various daily tasks, and other projects.

The U.S. Associate program offers an opportunity for recent college graduates interested in finance and investment banking to actively participate in this fast-paced and challenging industry. We provide our U.S. Associates with the tools necessary for professional growth and career advancement. The U.S. Associate experience fosters the opportunity to connect with people who can help guide you career. 

The U.S. Associate position will be available for a maximum of 2 years. The goal of the U.S. Associate program is to develop the ideal candidate into a potential full-time position at the end of the two years. 

Department Mission: 

Within CUSO Risk department, the Credit Risk Loan Review Unit is responsible for ensuring an independent review of the credit portfolio (Structured Finance, Corporate Loans, Leveraged Finance, Real Estate, Trade Finance etc.) booked in the US Branches of CACIB on a timely basis. This review covers the quality and completeness of the credit analysis done in the underwriting of the loan, the risk rating assigned to the loan and the adequacy and consistency of the supporting legal documentation in accordance with the credit approvals and the Risk Policies and Procedures of CACIB. The department generates reports to CA-CIB/CUSO Management and RPC (Risk & Permanent Control) in New York and Paris. 

Reporting: 

Reporting locally to the Head of Credit Risk Loan Review which is overseen by the Head of CUSO CRO. 

Position Description: 

The individual will assist in implementation of the annually defined loan review program by collecting, organizing and filing the data necessary for the Loan Review Analysts to review the portfolio. This includes searching data from external sources on markets, industries and the companies to be analyzed, downloading internal information from the various CA-CIB systems including the loan accounting system, the legal document system (LEDOS) the covenant monitoring system (COSMOS), the loan closing system (Galaxy), the risk rating system (the models), the credit review system and working closely with the Loan Review Analysts during the review process as required. The individual will assist in the quarterly Risk Assessment process and the automation of reporting on large data sets within the portfolio. The associate will also aid in the management of the Loan Review software platform including the setup of loan review missions and monitoring of findings issued throughout the year. 

Other responsibilities will include: 

• Assist in documenting the Loan Review Program and Analysis, in a traceable way. 
• Assist the Head of Credit Risk Review collecting information to respond to both internal and external auditors (Regulatory & Bank auditors) during exams. 
• Perform research on individual portfolios and present summaries of information to be included in the reports. 
• Participate in the credit risk review portion of the loan review process following the steps to conduct a loan review and obtain information for the process. 
• Obtain information from both internal and external sources as required for the reviews 
• Participate in the review of the internal risk assignment in accordance with the rating matrix guidelines (Anadefi data entry verification) 
• Confirmation that covenants have been entered into the system accurately, confirm that covenant calculations are accurate, verify that the systems reflect the approved amounts to the correct legal entities. 

Student Level: Undergraduate / Graduate 

Minimum GPA: 3.4 

Wage Type: Salary 

Job Level: Entry 

Additional Information

Minimum Qualifications: 

• Candidate must be eligible to work in the United States
• Candidate must not require Visa Sponsorship now or in the future
• BA/BS or equivalent with emphasis on data science and/or accounting/financial analysis

Preferred Qualifications:

• Strong Excel capabilities – including creating graphs, pivot charts and formula to analyze large data sets of information (experience in VBA and macros ideally)
• PowerPoint and Word proficiency 
• Programming skills including VBA, SQL, and/or Python
• Basic knowledge of financial statements and willingness to analyze legal documents 
• Proactive “no surprise” approach, in communicating issues in a timely fashion and confidence to ask questions when dealing with unfamiliar information areas under review 
• Must be energetic and inquisitive with an approachable style.