Member Credit Analyst, Sr. Assoc.

Federal Home Loan Bank of San Francisco•San Francisco, CA

51d

About The Position

The Federal Home Loan Bank of San Francisco (the “Bank”) is a cooperative, wholesale bank that provides liquidity to its members and helps meet community credit needs by providing credit products and services to member financial institutions through all phases of the economic cycle. The Bank’s members include large and regional commercial banks, community banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. The Bank is member-focused; embraces accountability to meet commitments and upholds our governance, risk and control standards as a government sponsored enterprise; and values differences to foster an inclusive culture. Position The Senior Associate of Member Credit will be the primary rating and research analyst to underwrite and monitor credit facilities provided to a portfolio of depository financial institutions. Additional responsibilities include support for strategic credit initiatives to enhance underwriting practices and streamlining credit processes. The credit analyst will be conducting comprehensive credit underwriting and member due diligence processes to evaluate credit worthiness, risk profile and asset quality for the provision of credit lines to members-obligors (borrowers). The successful candidate will support a practice to increase engagement with member-obligors and implement an enhanced credit underwriting framework to mitigate risk and adhere to regulatory guidelines to establish safe and sound lending practices to achieve the Bank’s missions.

Requirements

Minimum of five years’ experience analyzing, mitigating and managing credit risk in a regulated financial institution, regulatory agency or credit rating agency
Experience with or understanding of assessing risk associated with banks and credit unions
Knowledge of GAAP standards and familiarity with the regulatory environment for insured depositories
Ability to prepare well-written credit memorandums on wide range of simple to complex credits, which includes the ability to use data to aid decision-making by possessing strong analytical and problem-solving skills (tell the story behind the numbers and financial analysis)
Strong skills in client interactions and outstanding verbal and written communication skills
Ability to solve complex analytical problems using quantitative and qualitative approaches with a unique blend of analytical, and technical skills strongly desired
High proficiency in Microsoft Office and S&P Capital IQ used in analytics and report building

Nice To Haves

Working knowledge of various credit risk rating models is a plus but not a requirement

Responsibilities

Credit analysis, credit originations and underwriting
Perform ongoing member credit analysis, including full scope credit reviews, employing quantitative and qualitative analysis of an institution’s business strategy, financial condition, and exposure to economic/market conditions in accordance with the Bank’s review frequency policy.
Underwrite applications for new Bank membership in compliance with the Federal Housing Finance Agency’s Membership Approval regulations and the Bank’s policies and procedures
Identify key factors that affect internal credit ratings and changes to credit exposure appetite by: Effectively and persuasively communicating credit knowledge and rating analysis rationale in both written and oral form.
Periodically accompanying relationship manager or collateral asset manager on member-client calls to expand due diligence discussions to further support credit analysis and rating recommendation
Presenting credit memos, including credit rating and credit term recommendations for review and approval by the senior manager
Developing and maintaining an understanding of industry trends and issues
Supporting reports to management committee and board of directors
Conduct periodic industry sector portfolio reviews and exposure analysis by assessing industry trends and member-specific financial metrics
Credit Monitoring
Analyze the credit risk assumed by the Bank for assigned institutions by monitoring the financial condition of each institution and recommending changes in credit ratings, exposure limits, and/or collateral pledging status as appropriate
Maintain familiarity with capital markets trends, accounting standards, regulations, and general industry and economic conditions to determine their effects on member financial condition and creditworthiness
Determine, administer and/or execute appropriate credit mitigation plans for large and/or troubled members on the Bank’s watchlists and shortlists.
Respond to examinations and regulatory requirements, as needed with management guidance
Work closely with other business partners in the organization including but not limited to Relationship Managers, Member Financial Services, Collateral Asset Management, Collateral Operations and Systems, Enterprise Risk Management, Technology Solutions & Services and regulatory agencies