Analyst III – Credit Risk Management

03C Federal Reserve Bank of Philadelphia
Published
May 8, 2022
Location
Philadelphia, PA
Category
Job Type

Description

Company

Federal Reserve Bank of Philadelphia An Analyst III possesses and applies a broad knowledge of credit and risk management to the completion of assignments. Gathers, analyzes, and interprets data and conducts research to provide management and System workgroups with information to aid in decision making. Prepares and presents accurate conclusions, recommendations, and related reports under minimum supervision. Assists with the completion of evaluations of acceptable collateral and gathers supervisory information to support condition monitoring efforts. Responsible for assisting in daily operations and general ledger account settlement. Confers with business unit management on identified issues. May be assisted by less experienced analysts. Participates on related departmental projects or task forces. Assists in the planning, designing, and implementation of major new and expanded core applications to ensure they meet current and future needs.

Assists in the evaluation of collateral acceptability including administration of borrower-in-custody arrangements. Gathers and interprets supervisory data to support condition monitoring and the assessment of risk associated with extensions of overnight and daylight Federal Reserve credit.

Assists with daily operations and general ledger account settlement. Provides direction to junior analysts. Ensures that contingency plans are current and effectively tested. Maintains a strong internal control environment. Participates in reviews of internal controls and establishes controls, as directed.

Participates on System initiatives to develop processes and procedures. Involved with user acceptance testing to develop and execute test scripts supporting CRM applications. May participate on Bank or Department initiatives.

Conducts independent research and difficult assignments under minimum supervision. Collects and analyzes data in response to various inquiries, proposals, plans, and recommendations from management, Board of Governors (BOG), or the System. Recommends appropriate actions to resolve matters expeditiously.

Provides training, procedural and policy guidance, and advice to other department staff in the various functions of the department and in the methods and tools of analysis; provides meaningful feedback and direction. Fulfills job duties and responsibilities in conformance with sound safety practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.

Other Requirements: A valid driver's license. An ability to work in additional locations (i, e depository institutions and other Reserve Bank locations). Up to 20 percent overnight travel.

Physical Requirements: None.

Knowledge and Skills:

• Foundational knowledge of operations and solid understanding of internal controls.

• Familiarity with application of accounting and risk management principles. Effective written and oral communications skills.

• With some coaching, able to present findings and assessments both orally and in writing to Bank and financial institution management.

• Possesses comprehensive analytical, research and problem-solving skills.

• Independently able to identify patterns among facts, data or events.

• Recognizes cause-effect relationships and is able organize information in a manner that effectively communicates findings and recommendations.

• Ability to identify efficient process workflows.

• Demonstrates the ability to work effectively on a team.

• Able to lead a team and use skills of influence to accomplish stated goals.

• Draws on experience to resolve complex issues and displays strong interpersonal skills in dealing with peers.

• Serves as mentor/coach to junior analysts.

• Intermediate PC skills, including proficiency in standard Bank word processing, spreadsheet applications (i.e. MS Office Suite Products) and other software.

• Capable of creating visual presentations of data.

Education and Experience:

• Bachelor’s degree in accounting, economics, or finance or equivalent related work experience and education is required.

• Minimum five years of experience in bank supervision, banking, or finance-related field is required.

• Advanced degree in accounting or finance strongly preferred.

We offer a great benefits package that features:

  • Medical (4 options), Prescription, Dental (3 options), and Vision Insurance

  • 401k/Thrift Plan with generous employer match

  • Employer-funded Pension Plan

  • Paid Vacation/Sick Time & Holidays

  • Monthly Commuter Allowance

  • Flexible Spending Accounts and Healthcare Spending Accounts

  • Flexible Work Schedule available in most departments

  • Tuition Reimbursement

  • Parental Leave

  • Free membership to onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

  • Onsite Cafeteria & Coffee Shop

  • Additional Convenience Benefits, Discounts and More…

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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer seven employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

A requirement of this position is that you will be fully vaccinated against COVID-19 or qualify for a medical or religious accommodation.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's 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 officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as “safety sensitive” will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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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