Job Title: Credit File Review Consultant

Job Type: Day Rate Contract (Inside of IR35)

Location: London

Main Responsibilities

Review of Processes, Policies and Accounting Review (PP&A)

• Analyze bank processes, policies, and accounting practices.
• Evaluate the impact of these practices on the carrying values of assets in banks' balance sheets.
• Assess accounting classifications, including amortized cost, fair value through profit and loss, and fair value through other comprehensive income.
• Review provisioning approaches and impairment staging criteria.
• Examine the treatment of non-performing exposures (NPEs) and forbearance.
• Provide recommendations for improvements and compliance enhancements.

Credit File Reviews

• Conduct credit analysis with a focus on distressed, stressed, and performing credits.
• Verify the correct classification of credit exposures in the bank's systems.
• Ensure accuracy in regulatory segment categorization, NPE status, and impairment staging classification.
• Assess adequacy and appropriateness of provisions for credit exposures.
• Conduct comprehensive reviews of loans, advances, financial leases, and off-balance-sheet items.
• Include specialized asset finance such as shipping and project finance in the review.

Fair Value Exposure Reviews

• For banks with material level 2/3 fair value exposures, perform a thorough review.
• Modules of review may include:
• Evaluation of core trading book processes (e.g., IPV, product approval).
• Assessment of valuation risks.
• Analysis of credit value adjustment (CVA) challenger models.
• Revaluation of significant exposures.
• Quantitative review of important derivative pricing models.

Qualifications

• Bachelor's degree in finance, accounting, or a related field (Master's degree preferred).
• Previous experience in banking, risk management, or financial consulting.
• Strong understanding of banking processes, accounting principles, and risk management frameworks.
• Knowledge of regulatory requirements related to banking operations.
• Excellent analytical and problem-solving skills.
• Strong communication and presentation skills.
• Ability to work independently and collaboratively in a team environment.
• Attention to detail and commitment to delivering high-quality work.
• Relevant certifications (e.g., CFA, FRM) will be a plus.

Logistics

• Hybrid Working
• 6 months
• Temp-to-Perm offering, for the top performing candidates
• Interviews to be held from 25/01
• Start Date ASAP