Quality Control Analyst Quality Control Analyst

Wholesale Lending Services supports several lines of businesses that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank. Located in globally, the Credit Monitoring Center of Excellence, within WLS, is a high-volume production-based operation function responsible for Credit Compliance Monitoring for the Commercial Banking Loan Portfolio.

Job summary

As a Credit Monitoring Quality Control Analyst for the Commercial Bank, you will be responsible for providing oversight of the Credit Monitoring team s work to ensure the Monitoring Analyst has accurately reviewed and recorded the compliance results in accordance with credit agreement terms of the borrower. In this role, you will review the work of Monitoring Analysts and provide a secondary interpretation of financial and other covenants in order to confirm whether borrowers are meeting the terms of the credit agreements or in default. The credit agreements cover syndicated loans and bilateral agreements.

Job Responsibilities

• Enforcement of the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners
• Review the work of Credit Monitoring Analyst to determine if they correctly identified corporate borrowers that have breached covenants, and as a result, have defaulted on the terms of their credit agreements
• Provide explanations regarding issues identified to ensure proper correction and resolution
• Interpret credit agreements and other legal documents to determine which co-borrowers, guarantors and other parties to the agreements require set up in bank s system of record for future covenant compliance evaluation, to ensure the Credit Monitoring team has accurately setup the terms of the agreement in the tracking system.
• Perform credit analysis, review documentation and monitor ongoing compliance with financial covenants to validate the work of others
• Independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements as a second check on Credit Monitoring
• Develop strong knowledge of secured lending products including borrowing base credit facilities
• Validate the grid-based performance pricing that applies to borrower so the bank gets adequately compensated for credit risk
• Monitor the control environment and operational environment for changes which may impact quality control testing
• Partner closely with key stakeholders to enforce effective quality program practices

Required qualifications, skills and capabilities

• Bachelor s degree in Business/Accounting
• Minimum 2 years of experience in banking and/or doing financial analysis
• Experience in credit monitoring activities including but not limited to legal documentation review, financial covenants, credit analysis, cash flow and leverage ratio calculations
• Ability to identify and summarize key points in written reviews of credit-related transactions
• Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc. .
• Strong verbal & written communication to effectively communicate with various stakeholders and across levels
• Ability to work independently with minimum supervision including demonstration of good time management
• High proficiency in using MS Office tools including MS Excel

Wholesale Lending Services supports several lines of businesses that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank. Located in globally, the Credit Monitoring Center of Excellence, within WLS, is a high-volume production-based operation function responsible for Credit Compliance Monitoring for the Commercial Banking Loan Portfolio.

Job summary

As a Credit Monitoring Quality Control Analyst for the Commercial Bank, you will be responsible for providing oversight of the Credit Monitoring team s work to ensure the Monitoring Analyst has accurately reviewed and recorded the compliance results in accordance with credit agreement terms of the borrower. In this role, you will review the work of Monitoring Analysts and provide a secondary interpretation of financial and other covenants in order to confirm whether borrowers are meeting the terms of the credit agreements or in default. The credit agreements cover syndicated loans and bilateral agreements.

Job Responsibilities

• Enforcement of the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners
• Review the work of Credit Monitoring Analyst to determine if they correctly identified corporate borrowers that have breached covenants, and as a result, have defaulted on the terms of their credit agreements
• Provide explanations regarding issues identified to ensure proper correction and resolution
• Interpret credit agreements and other legal documents to determine which co-borrowers, guarantors and other parties to the agreements require set up in bank s system of record for future covenant compliance evaluation, to ensure the Credit Monitoring team has accurately setup the terms of the agreement in the tracking system.
• Perform credit analysis, review documentation and monitor ongoing compliance with financial covenants to validate the work of others
• Independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements as a second check on Credit Monitoring
• Develop strong knowledge of secured lending products including borrowing base credit facilities
• Validate the grid-based performance pricing that applies to borrower so the bank gets adequately compensated for credit risk
• Monitor the control environment and operational environment for changes which may impact quality control testing
• Partner closely with key stakeholders to enforce effective quality program practices

Required qualifications, skills and capabilities

• Bachelor s degree in Business/Accounting
• Minimum 2 years of experience in banking and/or doing financial analysis
• Experience in credit monitoring activities including but not limited to legal documentation review, financial covenants, credit analysis, cash flow and leverage ratio calculations
• Ability to identify and summarize key points in written reviews of credit-related transactions
• Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc. .
• Strong verbal & written communication to effectively communicate with various stakeholders and across levels
• Ability to work independently with minimum supervision including demonstration of good time management
• High proficiency in using MS Office tools including MS Excel