Credit Risk Specialist / Senior Credit Risk Specialist - Bank Supervision

Federal Reserve System • Philadelphia, PA

1d • Onsite

About The Position

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. The Supervision, Regulation and Credit (SRC) department is responsible for the supervision and regulation of various financial organizations, ranging in size and complexity. In this role, you will serve as a technical subject matter expert on a dedicated supervisory team or partner with a supervisory event team to develop supervisory strategies, participate in supervisory events, and provide expertise to support the supervision of District organizations. You will maintain advanced skills in specific risk specialty areas such as Credit and Asset/Liability Management.

Requirements

• Bachelor's degree preferred; or equivalent related work experience and education is required.
• Advanced degree preferred.
• Regulatory experience (commissioned examiner preferred) or a minimum of 8 years of industry experience in a credit risk management or credit audit related field.
• Experience making assessments about commercial credit risk and credit risk management practices, especially in the area of commercial and industrial or commercial real estate lending.
• Applicants must be able to provide work authorization to prove their eligibility to work in the United States.
• An applicant for employment also must be a U.S. Citizen, U.S. National or 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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.
• Some travel is required.
• Valid driver's license required.
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

Nice To Haves

• Advanced degree preferred.

Responsibilities

• Conduct credit reviews and assess credit risk management practices at community and regional banks.
• Develop examination/project plans, timelines and milestones for complex supervisory events/projects and ensures plan goals are achieved.
• Demonstrate advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities in area of expertise.
• Convey opinions, draw conclusions and offer persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares well-supported examination reports reflecting advanced critical and independent thinking.
• Participate in and conduct meetings with bank management or boards of directors and conduct briefings on a regular and ad hoc basis for internal and external stakeholders involving complex issues or situations.
• Develop relationships with supervisory risk specialist personnel across the Federal Reserve System, and with senior management and directors of supervised financial organizations.
• Participate in department and System-wide initiatives, including working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies.
• Prepare and present materials to support staff training and outreach in area of expertise; may serve in a formal training capacity, as applicable.
• Serve as a mentor and coach, providing constructive feedback to staff at all levels.
• Maintain current knowledge of industry developments and banking regulations, and the supervisory process and technology tools.
• Participate in Federal Reserve System supervisory activities and other resource sharing opportunities.

Benefits

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $200 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…

What This Job Offers

• Job Type: Full-time
• Career Level: Senior