Credit Risk Specialist / Senior Credit Risk Specialist - Bank Supervision

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.

Supervision, Regulation and Credit (SRC) is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the Third District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

You will serve as a technical subject matter expert on a dedicated supervisory team or partners with a supervisory event team to develop supervisory strategies, participate on supervisory events, and provide expertise to support the supervision of District organizations.

You will maintain advanced skills in a specific risk specialty area including Bank-Secrecy/Anti-money Laundering, Fiduciary, Information Technology, Credit and Asset/Liability Management, as well as other risk areas, as determined.

What You Will Do:
Principal Responsibilities

• Conduct credit reviews and assess credit risk management practices at community and regional banks.
• Develop examination/project plans, timelines and milestones for complex supervisory events/projects and acts to ensure plan goals are achieved.
• Demonstrate advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities in area of expertise.
• You will convey opinions, draw conclusions and offer persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares well-supported examination reports reflecting advanced critical and independent thinking.
• Participate in and conduct meetings with bank management or boards of directors and conduct briefings on a regular and ad hoc basis for internal and external stakeholders involving complex issues or situations.
• Develop relationships with supervisory risk specialist personnel across the Federal Reserve System, and with senior management and directors of supervised financial organizations.
• Additional Responsibilities:
• Participate in department and System-wide initiatives, including working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies.
• Prepare and present materials to support staff training and outreach in area of expertise; may serve in a formal training capacity, as applicable.
• Serve as a mentor and coach, providing constructive feedback to staff at all levels.
• Maintain current knowledge of industry developments and banking regulations, and the supervisory process and technology tools.
• Participate in Federal Reserve System supervisory activities and other resource sharing opportunities.

What You Have:
Education and Experience:

• Bachelor's degree preferred; or equivalent related work experience and education is required. Advanced degree preferred.
• Regulatory experience (commissioned examiner preferred) or a minimum of 8 years of industry experience in a credit risk management or credit audit related field.
• Experience making assessments about commercial credit risk and credit risk management practices, especially in the area of commercial and industrial or commercial real estate lending.

Additional Requirements:

• Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or 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.
• Some travel is required.
• Valid driver's license required.

This posting is a dual grade posting, reflective of the higher level, Senior Credit Risk Specialist. Candidates who have a slightly lower level of experience, education, or qualifications may also be considered.