Senior Credit Risk Specialist

Federal Reserve Bank • Philadelphia, PA

390d • Remote

About The Position

The Senior Credit Risk Specialist at the Federal Reserve Bank of Philadelphia plays a crucial role in supervising and regulating banks and financial institutions within the Third District. This position involves assessing asset quality and credit risk management practices, serving as a technical expert during examinations, and providing insights to support the supervision of financial institutions. The role requires collaboration with a team of examiners and involves significant documentation and reporting responsibilities.

Requirements

• Bachelor's degree preferred or equivalent related work experience required.
• 5-8 years of industry experience in credit risk management, commercial lending, or related fields.
• Regulatory experience (commissioned examiner preferred).
• Ability to assess commercial credit risk and credit risk management practices.

Nice To Haves

• Experience with commercial and industrial or commercial real estate lending.

Responsibilities

• Participate in and manage the assessment of asset quality and credit risk management practices at community and regional banks.
• Serve as a member of a team of examiners assigned to the examination of financial institutions.
• Document observations, findings, and conclusions from meetings with bank management and review of credit risk management reports.
• Serve as a Credit Risk Specialist (CRS) or Asset Quality Manager (AQM) during examinations.
• Independently assess the appropriateness of loan risk ratings and adherence to supervisory guidance.
• Prepare well-supported examination reports reflecting advanced critical thinking.
• Participate in meetings with bank management or boards of directors regarding complex issues.
• Prepare and present materials for staff training and outreach in area of expertise.
• Mentor and coach staff, providing constructive feedback.
• Maintain current knowledge of industry developments and banking regulations.

Benefits

• Medical, Prescription, Dental, and Vision Insurance with no waiting period.
• 401k/Thrift Plan with generous employer match.
• Employer-funded Pension Plan.
• Paid Vacation/Sick Time & Holidays.
• Monthly $100 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).
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes, and locker room/shower facilities.
• Onsite Cafeteria & Coffee Shop.

What This Job Offers

• Job Type: Part-time
• Career Level: Mid Level
• Industry: Monetary Authorities-Central Bank
• Education Level: Bachelor's degree