Supervisory Analyst II

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

This Job Description is for the Supervisory Job Family it is aimed primarily for positions within the Risk Analytics and Surveillance, Regulatory Applications, Financial Institution Structure and Enforcement business lines.
An ideal candidate must have knowledge of, be able to perform actions that are related to activities in the designated business line. Possesses and applies basic knowledge of assigned business unit to the completion of assignments. Analyzes and interprets bank holding company and state member bank financials, applications, banking conditions, emerging risks and trends that are routine and non-complex. Prepares and presents well documented conclusions, recommendations, and related reports. Confers with business unit management on the identified issues. Provides basic quantitative analysis; draws conclusions and recommendations to assist in the overall supervision of less complex supervisory issues impacting financial institutions; participates in less complex examinations/inspections; under close supervision, develops and effectively communicates analytical findings for less- to moderately complex supervisory issues. Demonstrates a basic to intermediate understanding of supervision and regulation processes and the risks faced by the banking sector supervised institutions through the effects of the financial market, emerging regulatory and supervisory issues, and national and regional economics. Understands the interrelationship of banking risk and begins to apply an integrated risk management approach in assessing an institution's performance; individual may have advanced skills in one discipline.

What You Will Do:

• Analyzes and interprets the current conditions of Third District commercial banks and savings associations in regard to routine non-complex bank holding company and state member bank applications, banking conditions and trends, emerging risks, and trends under supervisory events/issues/recommendations.
• Plans and conducts research as assigned by the unit manager. The unit manager will provide a significant amount of assistance to ensure the analyst understands the expectations of the leadership team.
• Identifies banking trends, individual bank financial reporting changes, risks to the institution, application and/or enforcement issues, and reports on the issues to unit management, working with senior unit staff.
• Uses time effectively and prevents irrelevant issues and distractions from inhibiting completion of assignment; schedules and coordinates own work with others in group projects to support overall work plans and schedules; begins to develop examination/project plans, timelines, and milestones for basic to moderately complex projects.
• Makes appropriate recommendations concerning supervisory issues in consultation with unit management. Should the identified issue be significant, the analyst escalates the findings to the appropriate units, and informs and compiles information to support recommendations.
• Prepares reports, correspondence, financial analysis, and documents for Board (if applicable) that require low to moderate review. Meets established deadlines in processing delegated projects.
• Participates in various projects within SRC, including quantitative reporting; supplies enforcement recommendations for Third District banks, bank holding companies, and savings and loan holding companies; reviews applications with other Supervision, Regulation and Credit (SRC) units, Reserve Bank Legal department and/or the Board of Governors when warranted.
• Participates with more experienced analysts, examiners, or business unit management to conduct in-depth discussions concerning, but not limited to, an institution`s financial condition, inherent risks, enforcement actions, and/or application`s status.
• Discussions with these subject matter experts should result in key findings for the given institution.
• Keeps informed of current events and developments in bank risk, legislation, and the overall banking industry.
• May participates on bank, department, or system projects.
• Fulfills job duties and responsibilities in conformance with sound safety practices.
• Demonstrates effective SRC Core Competency skills for grade and position.<