Company

Federal Reserve Bank of AtlantaAs an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Summary:

Supports the core business and operation activities of the Credit and Risk Management department, including account management activities associated with extensions of daylight and overnight credit, reserves administration, evaluation of collateral, and monitoring counter-party risk, typically for complex and moderate to high-risk institutions. Provides analytical support and leads project coordination to support functions of the Credit and Risk department. Conducts financial, collateral, or economic analysis or surveillance activities requiring a high level of knowledge and expertise. Represents the department to Bank management and financial institutions. Assists junior staff, resolves problems, and provides analytical and administrative support to management.

We are a hybrid work environment.

Location is Atlanta, GA or Miami, FL

Key Responsibilities:

• Analyzes the financial integrity of banks, thrifts, and credit unions (including moderately to highly complex and moderate to high-risk institutions) to assess access to daylight and overnight / short term credit and other Reserve Bank services. Conducts financial analyses of corporations and other business entities for counter-party risk to the Reserve Bank. Analyzes broad range of loans and investment securities pledged as collateral for acceptability and appropriate value. Independently analyzes institution account and reserves management practices.
• Enforces Board of Governors, System, or local policies and guidelines, and ensures execution of appropriate legal documents. Independently counsels senior institution management regarding these policies and possible penalties for violations or communicates with senior management officials to implement risk controls, demands collateral, and resolves outstanding issues. Implements and processes fines as required.
• Coordinates activities related to account openings and account closings. Coordinates Reserve Bank service activities with the FDIC or NCUA for high-risk or failing institutions. Ensures protection of Reserve Bank assets and ensures compliance with System and local guidelines for managing institution failures. Resolves any issues arising in the aftermath of institution failures.
• Provides support for production systems, including maintaining routine processes and participating in testing for application releases. Documents existing workflows/procedures and creates new processes as needed. Identifies best practices and suggests how to improve current business practices. Leads or assists in studies to improve operational efficiency. Independently, prepares reports and documentation to support proposed recommendations.
• Leads or participates on System work groups, analyzing and influencing policy formulation.
• Provides support for various department assignments, such as information security access and reviews, COSO/SOX testing, or other management audits.
• Responsible for processing advance and payment requests
• Responsible for nightly closing of Discount Window operations (Working hours of 10:00 a.m. – 7:30 p.m. (9-hour day) or 11:00 a.m. - 7:30 p.m. (8-hour day))

Education: Bachelor's Degree or 4 years equivalent experience; Bachelor's Degree preferred

Experience: Five to Eight years preferred

Qualifications:

• Outstanding customer service skills
• Outstanding organizational and attention to details
• Strong background working in a high-paced operational environment
• Cross-collaboration with internal and external stakeholders
• Ability to adapt in a flexible environment

• Knowledge of CRM business preferred, but not required

Functional Knowledge Preferences

Knowledge Areas:

• Finance / Accounting / Economics

• Risk Management

• Public Policy

• Business Operations

Technical Skills:

• Microsoft Office

• Business line applications

Certifications/Licenses:

Individual Competencies

• Demonstrates Self-Awareness

• Problem Solving

• Action-Oriented

• Collaborates

• Communicates Effectively

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment
• Generously subsidized public transportation
• Education Assistance Program
• Professional development programs, training and conferences
• And more…

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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