19 days old

Credit Analyst II/Senior

Federal Reserve Bank (FRB)
Cleveland, OH 44114
  • Job Code

The Credit Risk Management Department (CRM) serves as a risk management function in the Federal Reserve Bank of Cleveland's roles as a depository institution creditor and as a provider of payment and financial services, and assists with the effective implementation of monetary policy.

The Credit Analyst will primarily support the CRM Collateral function, which is responsible for evaluating the eligibility and valuation of collateral pledged to the Federal Reserve and various Treasury collateral programs. The analyst will assess institutions' risk management practices and compliance with the Borrower-in-Custody (BIC) program and ensure moderately complex BIC reviews are conducted consistently with established policy, procedure, and prudential risk and control requirements.

The Credit Analyst will provide secondary support to the CRM Condition Monitoring function, which is responsible for assessing and monitoring the financial condition of all depository institutions that either have a business relationship with FRB Cleveland or are eligible to do so. The analyst will leverage experience in econometrics, modeling, and/or statistics to identify and monitor financial conditions and emerging risks in the banking industry as well as to perform independent financial analyses on the condition of Fourth District depository institutions.

PLEASE NOTE : This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as "green card holders") but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.

Essential Accountabilities

  • Ensures the daily operations of key functions are conducted consistently with established policy, procedure, and prudential risk and control requirements.
  • Participates on department, Bank and FR System workgroups to enhance processes or policies, responds to emerging issues and develops and maintains positive working relationships with all levels of the department, Bank, and FR System.
  • Advises and/or counsels moderately complex and/or problematic district depository institutions, researches and provides recommendations of a complex nature to internal management, other Reserve Banks, Board staff and others.
  • Assist senior level staff with a review of the level of payment system activity for Fourth District institutions and makes recommendations to Bank management on appropriate collateral requirements to safeguard District.
  • Assist with the preparation of briefings, presentations, recommendations and other communications for key decision- makers regarding matters impacting the Discount Window, Condition Monitoring, Reserves, Payment System Risk and/or Collateral functions.
  • Performs financial analyses on the condition of moderately complex and/or problematic district depository institutions for determination of credit risk and condition considerations. Provides quantitative and qualitative recommendations to department and/or Bank management.
  • Assists with the development of analytical and editing techniques along with data extraction, including querying complex databases and viewing techniques for related data systems, to enhance data analysis, data integrity and data timeliness.
  • Analyzes financial statements of depository institutions and reviews for liquidity analysis.
  • Performs other duties as assigned or requested.
  • Adheres to the Bank`s attendance policies through regular and prompt attendance.

  • Posted: 2019-11-23 Expires: 2019-12-22
    Sponsored by:
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    Sponsored by:
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    Credit Analyst II/Senior

    Federal Reserve Bank (FRB)
    Cleveland, OH 44114

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