Description:
The Credit Risk Management and Reserves (CRMR) unit within the Supervision, Regulation and Credit Department has an immediate opening for a Credit Management Analyst. Reporting to a Senior Manager, you will initiate, participate on, and conduct assignments primarily focused on Payment System Risk (PSR) and discount window lending activities.
The Credit Management Analyst responsibilities will include monitoring and counseling Depository Institutions (DIs) that incur daylight overdraft policy violations or overnight overdrafts in their Federal Reserve accounts and assessing fees or penalty charges when warranted. Works closely with Condition Monitoring staff to monitor the safety and soundness of DIs within the district and applies controls to Federal Reserve accounts to protect the Reserve Bank from risk in providing payment services to financially unhealthy DIs. Supports the liquidity needs of depository institutions through discount window lending programs.
What You Will Do:
- Acquire thorough knowledge of critical credit risk management related applications for payment system risk and lending activities
- Build knowledge of policies, legal requirements, business standards, and related practices for payment system risk and lending activities
- Monitor and counsel DIs that incur daylight overdraft policy violations or overnight overdrafts in their Federal Reserve accounts and assess fees or penalty charges when warranted.
- Work closely with Condition Monitoring staff to monitor the safety and soundness of DIs within the District and apply controls to Federal Reserve accounts to protect the Reserve Bank from risk in providing payment services to financially unhealthy DIs.
- Assist in the development of procedures, process analyses, and gap identification; update and maintain plans, processes, and procedures
- Promote the standardization of practices, risk mitigation, and create and execute compliance/ review programs and testing
- Provide routine and ad hoc detailed research and analysis to assess trends and respond to inquiries; analyze issues of varying complexity in order to develop recommendations to solve escalated problems
- Develop complex analyses, performance projections, statistical reports, and convert technical data into usable information for non-technical stakeholders
- Plan and execute solutions and provide consultation to Reserve Bank management, Board of Governors, and key Federal Reserve System stakeholders
- Monitor the environment for new or potential risks and evaluate implications of risks and/or changes in business lines, regulations, policies, or practices
- Participate in cross-functional team initiatives to address policy, risk or compliance issues, and process improvement projects
Qualifications:
- 3 to 9+ years of relevant work experience
- Bachelor’s degree in finance, accounting or economics required; Master’s degree in related field (preferred)
- Experience with one or more of the following tools: R, Python, SAS, SQL or MS Excel Automation (Preferred)
- Experience ensuring accuracy and data integrity
- Attention to detail with a high level of data integrity and accuracy
- Strong oral and written communication skills
- Strong interpersonal skills and ability to work with people at all levels of the organization.
- Sound understanding of risk mitigation methodologies, processes, and procedures