Credit Risk & Reserve Analyst

About the role

The Credit Risk and Reserves Analyst supports the Condition Monitoring, Discount Window Lending, Collateral administration, and Reserves functions in the Credit, Risk, and Reserves Management (CRRM) Department. This position will report to the Director of Condition Monitoring and Risk Management in the CRRM Department.

Responsibilities

• Perform risk assessments on depository institutions, complete master account request reviews, assist with regulator outreach efforts, and provide briefings to management and the department.
• Serve on System and District projects/workgroups that support the department’s functions.
• Work under a moderate to limited level of supervision and collaborate with team members to solve problems and moderately-complex requests.
• Under moderate to limited guidance, perform routine to complex operational and analytical duties in assigned area of responsibility.
• Perform financial analysis on the condition of District depository institutions, including analysis of capital, asset quality, management, earnings performance, and liquidity.
• Analyze account access and financial services requests from eligible institutions in the District.
• Complete assigned work products, including risk assessments, account reviews, analysis of depository institution self-assessed net debit caps, and other correspondence to institutions.
• Communicate with institutions and processes moderately complex requests and questions regarding loan advances, payments, intraday credit, and account administration.
• Ensure services delivered to District institutions are efficient, accurate, and timely.
• Affirm compliance with and enforcement of applicable Federal Reserve rules, guidelines, and regulations.
• Collaborate with external governance partners during department effectiveness reviews (e.g., internal audit, financial statement audit, Board oversight).
• Participate in and occasionally lead projects, workgroups, or committees at the department, Reserve Bank, and/or Federal Reserve System level.
• Prepare and sometimes deliver briefings, presentations, recommendations and other communications for key internal and external stakeholders regarding matters impacting key business functions, internal applications, and policy issues.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business or related fields.
• At least 2-6 years of work experience focused on credit risk, collateral operations, financial analysis, payments, reserves or treasury operations, banking supervision and regulation, or related fields.
• General to intermediate knowledge of department operations, internal control frameworks (COSO/SOX), banking laws and regulations, and Federal Reserve policies and operating circulars.
• Experience working for a federal or state regulator as an examiner/risk specialist is a plus.
• General to intermediate business acumen and knowledge of financial markets, and effective analytical, critical thinking, and problem-solving skills.
• General to intermediate knowledge of current and relevant information technology, security access provisioning, productivity software (Microsoft Office), data analytics, artificial intelligence, and how to apply it for business use.
• Effective written and verbal communication skills, with the ability to present at department and Reserve Bank level.
• Effective project management skills, including organization, planning, and execution.
• Effective interpersonal skills and ability to collaborate effectively with internal and external colleagues at same or higher levels of responsibility.

Qualifications

• Equivalent education and or experience may be substituted for any of the above.

Skills

• General to intermediate knowledge of department operations, internal control frameworks (COSO/SOX), banking laws and regulations, and Federal Reserve policies and operating circulars.
• General to intermediate business acumen and knowledge of financial markets, and effective analytical, critical thinking, and problem-solving skills.
• General to intermediate knowledge of current and relevant information technology, security access provisioning, productivity software (Microsoft Office), data analytics, artificial intelligence, and how to apply it for business use.

Benefits

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation, holidays, and volunteer hours; flexible work environment
• Generously subsidized public transportation and free parking
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more...