Benson KARABO
Royse City,Texas
Summary
Dynamic Vice President at Citi Bank with a proven track record in enhancing quality assurance controls and credit risk analysis. Expert in financial modeling and fostering continuous improvement, achieving significant process optimizations. Skilled in collaborative problem-solving and adept at driving rigorous credit analysis, demonstrating both analytical prowess and teamwork excellence.
Overview
15
15
years of professional experience
Work History
Business Quality Assurance – Global Corporates, Vice President
Citi Bank
Irving, TX
11.2022 - Current
- Act as the first level reviewer in calculating and monitor Key Risk Indicators to ensure that compliance with bank policies, procedures and regulatory requirements are met
- Review the departmental processes and procedures and identify process improvement opportunities in areas like collateral, Basel illegible, Risk Rating, Guarantee support and covenant compliance
- Perform Quarterly review of annual reviews post-closing loan monitoring tasks including financial statements analysis, ratio calculation and analysis
- Provide effective credible challenge during QARs to Business Region Heads and Portfolio Managers, as regards to Credit Analysis, Underwriting, Due Diligence, Credit Approval, Ongoing Credit Monitoring and Limits Remediation for Obligors and Facilities
- Manage audit planning by contributing to executing onsite and/or desk audits and collecting anticipated audit findings and ensuring audit readiness
- Provide assurance over the effectiveness of controls operated by CDM to credit risk manage obligors, that Credit Approval Memos adhere to Material Transaction, Annual Review or Extension Request are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite and all policies and processes established within the risk governance framework
- Conducted department’s risk assessments (e.g
- RCSA, KRIs, ERA and other assessments) and assist in special projects and tasks for the department as directed
Commercial Credit Review Officer I
Citi Bank
Irving, TX
09.2021 - 10.2022
- Reviews loans to assess credit quality and the accuracy of the assigned risk ratings; recommends appropriate risk ratings based on findings
- Collaborated with Front Line Units (FLUs) to design and implement effective controls to mitigate identified risks, providing recommendations for improvement where necessary
- Prepared comprehensive reports for senior management, regulatory bodies, and board committees detailing control effectiveness, quality assurance outcomes, and action plans for identified gaps
- Reviewed loans to evaluate the strength of underwriting and account management practices and Ensure adherence to applicable regulations and banking standards, partnering closely with Compliance, Internal Audit, and other control functions
- Identified key risk issues and recommends action plans to remediate concerns and Developed quality assurance frameworks and standards across various operations
- Discusses loan level concerns with originators, underwriters, and other business line personnel
- Ensures asset quality reports and supporting documentation are comprehensive, complete, and supportive of findings and conclusions
- Embraces a culture of continuous process improvement and supports the Credit Review Department’s professional practice and quality control standards
- Acts as a reviewer-in-charge of business line and loan product evaluations, as needed
Commercial Credit Analyst
Intuit
Plano, TX
11.2019 - 09.2021
- Conducts analysis of credit, financial, and tax data of the individual or businesses to determine the degree of risk involved in extending credit or lending money by utilizing excel spreadsheet and industry comparisons using third party data and programs
- Cleared OFAC, KYC, fraud alerts and legal structure to verify business and individual identity
- Perform five Cs of credit to determine characteristics of the borrower and conditions of the loan, in order to estimate the chance of default and the risk of a financial loss for the business
- Conducted rigorous statistical method, using statistical techniques and other analytical/ decision tools such as SAS, Excel and SQL
- Obtained and reviewed credit reports, credit insurance s including preparation of cash flow models
- Conducted financial review of business lines of credit knowledge of commercial law, particularly as it relates to secured transactions, federal and state banking laws related to lending preferred
- Serve as the daily morning loan review to examine new loans that have been originated
Commercial Credit Analyst
Ally Bank
Dallas, Texas
08.2014 - 11.2019
- Conducts credit analysis on each loan application including review of tax returns, cash flow analysis, debt‐ratio calculations, credit‐scoring and collateral valuations
- Underwrite and approve risks with appropriate pricing through review & analysis of financials
- Monitored transaction analysis for assigned franchised and independent dealership to mitigate risks in the transaction
- Accurately analyze complex and/or group financial statements of automotive dealerships and affiliates including fixed charge coverage ratio, bank reconciliations, assigning accurate risk ratings and providing appropriate recommendations to mitigate risk
- Initiated changes in credit policies and ensured policies and procedures accorded with departments standards
- Conduct customer interviews and investigations when needed to facilitate credit decisions or assist in funding process
- Coach and assist dealers to resolve funding issues and reduce CIT
Credit Risk Analyst
JPMorgan Chase
Lewisville, TX
02.2010 - 06.2013
- Responsible for reviewing, analyzing, underwriting, and clearing conditions for FHA, VA, FNMA and FHLMC guidelines
- Reviewed assets, appraisal, prelim, credit report and Analyze risk as it relates to investment quality loans
- Review and calculate ALL income types, including complicated tax returns
- Analyzes origination documents and determines whether any inconsistencies may be indicative of potential mortgage fraud
- Ensure compliance with federal and state lending regulations including suspense reworks and decline overturns within the required turn times
- Use of DU/LP to proficiently augment the risk analysis process
- Identification and recommendation of alternative loan structures to find viable solutions
Education
MBA - Finance and Project Management
The University of Texas at Dallas
Richardson, TX01.2025
Bachelor of Science - Finance
The University of Texas at Dallas
Richardson, TX04.2010
Skills
- QA reporting
- Testing plans
- Financial modeling
- Accounting principles
- Analyzing performance
- Sampling procedures
- Report analysis
- Quality assurance controls
- Methodology integration
- Credit analysis
- Financial statements expertise
- Credit risk
Timeline
Business Quality Assurance – Global Corporates, Vice President
Citi Bank
11.2022 - Current
Commercial Credit Review Officer I
Citi Bank
09.2021 - 10.2022
Commercial Credit Analyst
Intuit
11.2019 - 09.2021
Commercial Credit Analyst
Ally Bank
08.2014 - 11.2019
Credit Risk Analyst
JPMorgan Chase
02.2010 - 06.2013
MBA - Finance and Project Management
The University of Texas at Dallas
Bachelor of Science - Finance
The University of Texas at Dallas
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