28 days old

Credit Analyst

Federal Reserve Bank (FRB)
Chicago, IL 60602
  • Job Code
    R-0000011305

Company

Federal Reserve Bank of Chicago

Support the primary business activities of our Credit Risk Management activities (i.e., Discount Window, Reserve Analysis, and Payments System Risk) by performing daily tasks of moderate risk and complex nature. You will ensure activities are conducted in a manner consistent with established policy, procedure, and risk and control requirements. Work with internal project teams and support System projects. You will participate in meetings with depository institution senior management. Make recommendations using input from higher levels. The level of work required is considered intermediate. Problems are solved with advanced expertise. You will report to the Manager of the team and will have no direct reports but may provide direction to junior level employees.

Your Responsibilities

System Projects and Work Groups

  • Participate in and support primary members of System work groups

Data Analysis and Report Development

  • Collect and organize data for report preparation and analysis
  • Interpret information and reviews data to make decisions
  • Help compile moderately complex data used to prepare briefings and reports relating to department activities

Regulatory and Operations-related

  • Field, research, and responds to moderately complex regulatory or operations-related questions from depository institutions, examiners, and Board Staff
  • Assist customers with counseling, lending questions, and reserve requirements

Research

  • Independently research and perform analysis on moderately complex topics related to payments activity, collateral evaluation, financial analysis, depository institution counseling and other data
  • Make recommendations to management

Bank Processes and Applications

  • Input data, develops standard queries, and updates databases to account for changes in institution information
  • Implement improvements to operational processes to increase efficiency

Your Background

  • Bachelor's degree with coursework in Accounting, Business Administration, Finance, or related field
  • 3 to 5 years of experience in Business Administration, Finance, or Accounting may serve in lieu of education requirement
  • 1 or more years of direct work-related experience
  • Knowledge of business-related software applications
  • Knowledge of procedures and services of related areas (such as Accounting, Supervision and Regulation, and other operating departments)
  • Verbal and written communication skills
  • Data analysis skills
  • Experienced working in a team environment
  • Experienced in prioritization of deadlines
  • Knowledge of the PSR Policy, Regulation D, and Lending Policy
  • Knowledge of financial concepts, banking regulations (Regulations D, A, J, K, and Y), and the Federal Reserve`s Operating Circulars
  • May travel 10% of the time

Work Location: Chicago, IL Hybrid with both onsite and remote work requirements.

Our Benefits:

  • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria

  • A continuous learning environment with opportunities to gain new skills and grow your career

Other Requirements:

  • All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.
  • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
  • In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Banks ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Credit Risk Management

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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Posted: 2022-07-15 Expires: 2022-08-13
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Credit Analyst

Federal Reserve Bank (FRB)
Chicago, IL 60602

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