Published: August 28, 2024 - The Credit Risk Business Analyst role involves building a comprehensive understanding of assigned projects and ensuring the identification and influence of key stakeholders for successful delivery. This position requires managing detailed project plans, performing in-depth business analysis, and defining crucial business requirements and workflows for Credit Services Underwriting. Additionally, the analyst is responsible for preparing project statuses, organizing communication sessions, and overseeing budgeting and financial forecasts to support strategic decision-making and operational efficiency.
Tips for Credit Risk Business Analyst Skills and Responsibilities on a Resume
1. Credit Risk Business Analyst, Pine Financial Solutions, Tampa, FL
Job Summary:
- Review and analyze business and operations workflows, decision processes, and business objectives
- Configure, test, audit, implement and monitor new and existing policy changes, data sources and strategies
- Develop, review, and update internal, external, and post-implementation documentation including process flows, procedures, system flows, and change logs ensuring through and accurate information
- Troubleshoot systems and integration issues working closely with the appropriate resources to resolve them
- Develop, implement and monitor appropriate controls to ensure defect free implementation of risk strategies including documentation, review and testing procedures
- Ensure that credit decision systems (account acquisition, portfolio management and collection) are operating efficiently
- Ensure appropriate requirements and solutions are developed based on a solid understanding of the impacted systems and standards
- Support on-call, work nights and weekends for deployments on a rotating basis
Skills on Resume:
- Workflow Analysis (Hard Skills)
- Policy Configuration (Hard Skills)
- Documentation Update (Hard Skills)
- Issue Troubleshooting (Hard Skills)
- Risk Controls (Hard Skills)
- System Efficiency (Hard Skills)
- Requirements Development (Hard Skills)
- On-call Support (Soft Skills)
2. Credit Risk Business Analyst, Greenfield Banking Services, Reno, NV
Job Summary:
- Complete all required monthly and quarterly credit risk assessment reporting
- Lead the preparation of the quarterly Loan Concentration, Portfolio Analysis, and Stress Testing Reporting
- Conduct the quarterly loan portfolio stress testing and serve as Bank’s representative to current and potential future credit risk management vendors
- Prepare or lead the monthly and quarterly assessments of local economic conditions applicable to the commercial loan portfolio
- Offer assistance and input in the establishment or revision of various loan concentration limits
- Oversee boarding of participations and ensures accurate servicing of participated and hedged commercial loans
- Assist senior management in the response to regulatory and audit requests and ensure that Fremont Bank is in compliance with regulatory guidelines
- Develop intermediate written reports of findings in a given task
- Analyze data on reports and provide insight, statistics, trends or recommendations
- Make recommendations for process and procedures that may impact the business
Skills on Resume:
- Risk Assessment Reporting (Hard Skills)
- Stress Testing Leadership (Hard Skills)
- Vendor Representation (Soft Skills)
- Economic Analysis (Hard Skills)
- Loan Limit Revision (Hard Skills)
- Loan Servicing Oversight (Hard Skills)
- Regulatory Compliance (Hard Skills)
- Data Analysis (Hard Skills)
3. Credit Risk Business Analyst, Summit Credit Corporation, Albany, NY
Job Summary:
- Create and update policies and procedures
- Present intermediate analysis findings to the appropriate levels within the organization both verbally and through the preparation of written reports
- Provide recommendations regarding possible approaches to resolving foreseen risks
- Participate in special projects, internal or external audits, evaluations and process improvements in support of governance initiatives
- Create and maintain reports for commercial product channels
- Maintain and prioritize commercial process improvement/system admin work requests
- Provide updates to senior management or product channels for any changes in any aspect and effects
- Drive business underwriting policies analysis that leverages the disciplines of risk to support profitable company subscriber growth.
- Support the implementation of complex risk management initiatives that cut across various business functions and requires technology collaboration.
- Ensure an end-to-end organization of the project by influencing stake holders from multiple functions and ensuring timely and error free delivery of the initiatives.
Skills on Resume:
- Policy Development (Hard Skills)
- Analytical Presentation (Soft Skills)
- Risk Mitigation (Hard Skills)
- Audit Participation (Soft Skills)
- Report Maintenance (Hard Skills)
- Process Prioritization (Soft Skills)
- Management Updates (Soft Skills)
- Risk Management Support (Hard Skills)
4. Credit Risk Business Analyst, Coastal Finance Group, Mobile, AL
Job Summary:
- Build a deep understanding of the assigned project(s)
- Ensure that proper stakeholders are identified and influenced to deliver on the project
- Support the management of detailed, well thought out project plans to ensure adherence from all stake holders to their respective deliverables
- Perform detailed business analysis, outlining problems, opportunities and solutions for Credit Services Underwriting
- Define and document business requirements and business process flows
- Project status preparation and reporting
- Organize periodic communication sessions with all concerned, to provide updates, and elicit feedback and status-checks
- Budgeting, forecasting, and expenses monitoring
- Participate in establishing practices, templates, policies, tools and partnerships to expand and mature these capabilities for the organization
Skills on Resume:
- Project Understanding (Hard Skills)
- Stakeholder Influence (Soft Skills)
- Plan Management (Hard Skills)
- Business Analysis (Hard Skills)
- Requirements Documentation (Hard Skills)
- Status Reporting (Hard Skills)
- Communication Organization (Soft Skills)
- Financial Monitoring (Hard Skills)
5. Credit Risk Business Analyst, Riverbank Financials, Springfield, IL
Job Summary:
- Reviewing technical feasibility in close cooperation with the (senior) product managers and the engineering team lead
- Researching and documenting of detailed product requirements
- Definite user stories, requirements and product backlog
- Understanding the team's backlog prioritization, ensuring productivity and clear communication of expectations and development goals to the product owner and business stakeholders
- Creating functional and technical specification documents, as well as ensuring alignment with business goals
- Acting as a driver of risk initiated and regulatory change for Counterparty Credit Risk.
- Acting as a Credit Risk point of contact for strategic transformation projects.
- Managing key stakeholder relationships from Financial Markets, Group Risk, Front Office, Credit Risk Models, Credit Risk Methodology.
- Influencing and managing Senior Stakeholder expectations within the business, building good relationships to help implement change.
- Performing Business Analysis and Project Management for Counterparty Credit Risk transformation.
- Driving regulatory project work relating to Counterparty Credit Risk issues such as PFE, EPE, EEPE calculations.
Skills on Resume:
- Feasibility Review (Hard Skills)
- Requirements Research (Hard Skills)
- Backlog Management (Hard Skills)
- Specifications Creation (Hard Skills)
- Risk Leadership (Soft Skills)
- Stakeholder Management (Soft Skills)
- Business Analysis (Hard Skills)
- Regulatory Driving (Hard Skills)