Condition Monitoring Analyst

Federal Reserve System•Richmond, VA

19h•$83,600 - $156,000•Onsite

About The Position

The Credit Risk Management and Reserves Unit (CRMR) within the Supervision, Regulation and Credit department has an immediate opening for a Condition Monitoring Analyst. CRMR provides liquidity to banks and credit unions for the efficient clearing of payment systems and to help with short-term funding needs while mitigating risk presented by borrowing organizations to the Reserve Bank, payment systems of the Federal Reserve, and United States Treasury. Reporting to a Senior Manager as part of a 3-person team, you will analyze Fifth District financial institutions using quarterly financial data along with regulatory and other risk management information to evaluate financial condition and Reserve Bank credit risk exposure. You will use automated tools and various information databases to assist your analyses and inform your risk mitigating recommendations. Additionally, you will provide analytical support to the Credit Management and Collateral teams within CRMR and will participate in the achievement of department objectives. Communication across CRMR and banking and credit union supervisors is frequent and necessary. Onsite presence required to our Richmond location.

Requirements

3-5+ years prior experience and knowledge related to banking supervisory and financial analysis.
A bachelor’s degree in finance, economics or a related field required.
Strong analytical skills, proven critical thinking, strong attention to detail, effective time organization, and proactive problem-solving abilities.
Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III).
FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3).
Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions.
These employees may need to recuse themselves from certain supervisory work based on: Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.

Nice To Haves

Commissioned examiner credentials or commensurate experience is strongly preferred.
Querying, data analytics, and data visualization skills preferred.

Responsibilities

Analyze financial data and supervisory reports to identify risk presented by financial institutions using Federal Reserve payment services and recommend risk mitigating actions to CRMR management.
Conduct predefined and ad hoc self-motivated analyses on financial institution, banking industry, and CRMR data to highlight trends and outliers.
Evaluate financial institution performance to support credit risk mitigation activities and the implementation of Federal Reserve policy on Payment System Risk.
Present risk analysis and information to CRMR, Supervision and Regulation staff and management, and Reserve Bank senior management for organizations that present credit risk to or are supervised by this Reserve Bank.
Communicate with external stakeholders about risk presented by certain financial organizations.
Acquire thorough knowledge of critical applications used by CRMR to extend credit and mitigate risk exposure.
Lead and contribute to efforts to continually improve existing processes by thoughtfully challenging current practices and developing new processes and procedures to address changing business conditions.
Maintain awareness of current events in the banking industry that could affect the institutions and the risk posed to the Federal Reserve.