hero



Credit Review Analyst

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT
San Francisco, CA, USA
Posted on Thursday, June 6, 2024

Company

Federal Reserve Bank of San FranciscoWe are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged bank, and are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a diverse team united in its purpose to promote an economy that works for everyone.

Do you like collaborating and being part of an outstanding team? We have an opportunity on the Credit Review team of Credit Risk Management (CRM) organization. CRM is responsible for the administration of overnight and daylight credit to Depository Institutions (DIs) in the Twelfth District through our Discount Window, Payment System risk, and Condition Monitoring functions.

As a Credit Review Analyst, you will be responsible for conducting inspections to ensure DIs participating in the Borrower-in-Custody (BIC) program are in compliance with program guidelines. The BIC program allows DIs to pledge customer loans to the Federal Reserve as collateral for Discount Window and Payment System Risk purposes. Inspections can be conducted onsite at the institution or online at the Reserve Bank. The analyst is responsible for a variety of tasks including reviewing loan documentation and data for completeness and accuracy and performing financial analysis.

Our ideal candidate has exceptional critical thinking skills – you are tenacious problem solver who enjoys having a variety of work, and challenges to solve for. You also possess exceptional interpersonal skills and are able to have difficult conversations with the utmost professionalism, clarity, and empathy. If you are looking to bring your knowledge of credit risk, and loans to a mission driven organization doing good in the community, we want to hear from you!

Essential Responsibilities:

  • Conduct inspections of DIs participating the BIC program; this includes completing inspection reports, discussing findings and conclusions with DI’s senior management, and collaborating closely with DI and CRM functions/management to resolve issues and/or discuss emerging events.
  • Review loan documents to ensure completeness and compliance with BIC Program guidelines.
  • Validation of loan data reported to the Reserve Bank.
  • Assess the credit creditworthiness of loans pledged to the Reserve Bank.
  • Conduct analysis of DI’s applying for BIC Program, and periodic reviews of certifications as required for participating BIC DIs.
  • Analyze bank financial documents to determine financial condition of BIC participants.
  • Participate on local and FRB System project workgroups.
  • Conduct financial analysis reviews of vendors for FRB.

Requirements:

  • Bachelor’s degree required in business, economics, finance, legal, accounting or a related field.
  • Requires a minimum three years of related banking work experience (credit risk, loans or similar).
  • Must possess valid California Driver's license or ability to acquire one.
  • We are looking for candidates who demonstrate strong analytical thinking, problem solving skills, initiative, and customer service orientation.
  • Knowledgeable of financial instruments, including loans and securities.
  • Understanding of loan documentation and the process of perfecting a security interest.
  • Understanding of credit underwriting standards and practices.
  • Familiar with financial documents and ratios for DIs, and other entities.
  • Experience with conducting financial analysis with bank or company financial statements.
  • Bank regulatory experience and/or understanding of the Uniform Financial Institutions Rating System (CAMELS rating system) is desirable.
  • Exceptional, effective interpersonal and communication skills required.
  • Ability to multi-task and prioritize assignments.
  • Ability to handle projects, from inception to implementation.
  • Proficient with Microsoft Office applications; Word, Excel, and Outlook.
  • Ability to maintain the confidentiality of critical information.
  • Travel requirements will vary between 30 and 50 percent.
  • This position requires access to confidential supervisory information, which is limited to “Protected Individuals.” Protected Individuals include, but are not limited to, U.S. citizens and U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so or who will sign a declaration of intent to apply for naturalization before they begin employment.

#LI-Hybrid

Base Salary Range: Min: $78,200 Mid: $101,700 Max: $124,900 (Location: San Francisco)

Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.

We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer.

The Bank's ethics rules 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. Employees in the S+C group also must ensure there are no conflicts of interest related to their previous employment and current financial interests. S+C employees may be subject to borrowing and deposit restrictions and may need to recuse themselves from certain supervisory work. Please review Section 5.3 and Appendix B of the Bank’s Code of Conduct to ensure compliance with the Code of Conduct conflict of interest rules and personal investment restrictions.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

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.

Privacy Notice