Company

Federal Reserve Bank of St. LouisThe Credit Risk Management & Reserves Administration (CRMRA) function (a.k.a., the Discount Window) performs central bank services for Depository Institutions across the Eighth District.

The Discount Window functions as a safety valve in relieving pressures in reserve markets and helps to assure the basic stability of financial markets. Details of CRMRA’s role can be found on the St. Louis Fed website and include:

• Make loans to Depository Institutions (DIs) to promote the smooth functioning of the payment system and help relieve liquidity constraints in the banking system
• Support emergency lending programs during times of crisis
• Establish master accounts (e.g., bank accounts) for eligible financial entities seeking to use Federal Reserve financial services
• Minimize credit risk to Federal Reserve financial services by monitoring master accounts for overdraft activity
• Monitor collateral pledged to the St. Louis Fed to secure loans and payment transactions
• Monitor the regulatory, capital, and liquidity status of DIs eligible to access loans from the St. Louis Fed and those using Federal Reserve payment services

As our Financial Analyst, reporting to a Manager in the CRMRA unit, you will support the core business activities of the Bank’s CRMRA function. You will work on-site in our St. Louis office.

Responsibilities

• Underwrite and disburse Discount Window loans in accordance with lending standards
• Ensure loans and payment services are secured with sound collateral by participating in collateral inspections or processing pledged commercial and consumer loans
• Assess the risk exposure levels of DIs by monitoring their regulatory ratings, capital ratios and liquidity status
• Monitor DIs for conformance with the Federal Reserves’ Payment System Risk (PSR) Policy
• Oversee the administration of interest on Reserve Balances, Excess Balance Accounts, and the Term Deposit Facility
• Perform other duties, as assigned

Qualifications

• Bachelor’s Degree in business administration, finance, accounting or similar fields of study or commensurate experience
• 3-5 years relevant experience
• Candidates with less experience may be considered at a lower job grade or salary
• Experience in communicating technical topics in simple and concise terms to internal and external parties
• Ability to work on a team and assist others in a supportive manner
• Travel (<10%)
• U.S. Citizen or lawful permanent resident intending to become a citizen who meets certain other requirements

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: 65,000 – 95,000

In addition to competitive compensation, we offer a comprehensive benefits package that all brought together in a flexible work environment where you can truly find balance:

• Generous paid time off
• Flexible on-site work arrangements
• Tuition & Training assistance/reimbursement
• 401(k) match & Annuity/Pension fund
• Top-notch health care benefits
• Child and family care leave
• Professional development opportunities
• And more...

Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees' diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Learn more about the Bank and its culture; check out our Careers Site.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

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.

You must undergo a background check 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.

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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