Credit Risk and Reserves Analyst

Federal Reserve Bank of Philadelphia•Dallas, TX

16h•Onsite

About The Position

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. The Credit Risk and Reserves Analyst will perform risk assessments on depository institutions, complete master account request reviews, assist with regulator outreach efforts, and provide briefings to management and the department. They may also serve on System and District projects/workgroups that support the department’s functions. The Credit Risk and Reserves Analyst is expected to work under a moderate to limited level of supervision and collaborate with team members to solve problems and moderately-complex requests.

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

Nice To Haves

Experience working for a federal or state regulator as an examiner/risk specialist is a plus.

Responsibilities

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.
Perform financial analysis of other business entities to determine level of counter-party risk to the Reserve Bank.
Analyze account access and financial services requests from eligible institutions in the District.
Perform evaluation of new and existing accounts relationships to determine risks to the Reserve Bank, payment system, and financial stability.
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.
Perform operational tasks related to the administration of accounts and payment system risk including problem institution resolution, account openings and closings, structure changes, institutional mergers, monitoring overdraft usage, applying charges, and assisting with counseling institutions.
Ensure services delivered to District institutions are efficient, accurate, and timely.
Assist with maintaining an effective control environment and ensuring compliance with and enforcement of applicable Federal Reserve rules, guidelines, and regulations.
Coordinate 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.