Credit Risk Analyst II / III

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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Organizational Expectations:

The Credit Risk Management Department (CRM) minimizes risk of loss from failed depository institutions, and, more generally, works to avoid losses that undermine the integrity of the payment system or the credibility of the Federal Reserve. It serves as a contingency lender in support of financial stability and assists with the effective implementation of monetary policy.

The Credit Risk Analyst will support CRM’s Payment System Risk and Reserves functions by becoming familiar with depository institutions’ Federal Reserve accounts, processing account-related tasks, analyzing account use, and participating on System workgroups. This motivated, enthusiastic, and proactive analyst will participate in application testing as well as provide recommendations for mitigating risk to department and/or Bank management and support the Credit Risk Management Committee.

General Responsibilities:

• Ensures the daily operations of core functions are conducted consistently with established policy, procedure, and prudential risk and control requirements.
• Participates and occasionally leads department, Bank and FR System workgroups to enhance processes or policies, responds to emerging issues and develops and maintains positive working relationships with all levels of the department, Bank, and FR System.
• Advises and/or counsels moderately complex and/or problematic district depository institutions, researches and provides recommendations of a complex nature to internal management, other Reserve Banks, Board staff and others.
• Reviews and assesses the level of payment system activity for moderately complex Fourth District institutions and makes recommendations to Bank management on appropriate collateral requirements to safeguard District.
• Prepares and delivers briefings, presentations, recommendations and other communications for key decision-makers regarding matters impacting the Discount Window, Condition Monitoring, Reserves, Payment System Risk and/or Collateral functions.
• Performs financial analyses on the condition of moderately complex and/or problematic district depository institutions for determination of credit risk and condition considerations. Provides quantitative and qualitative recommendations to department and/or Bank management.
• Assists with the development of analytical and editing techniques along with data extraction, including querying complex databases and viewing techniques for related data systems, to enhance data analysis, data integrity and data timeliness.
• Analyze complex financial statements of depository institutions and reviews for liquidity analysis.
• Performs other duties as assigned or requested.

Education and Experience:

Credit Risk Analyst II:

• Associate's Degree in Finance, Economics, or related field and 5+ years of related work experience required.
• Bachelor's Degree in Finance, Economics, or related field and 3+ years of related work experience required.
• Master's Degree in Finance, Economics, or related field and 0-1+ years of related work experience required.

Credit Risk Analyst III

• Associate's Degree in Finance, Economics, or related field and 7+ years of related work experience required.
• Bachelor's Degree in Finance, Economics, or related field and 5+ years of related work experience required.
• Master's Degree in Finance, Economics, or related field and 3+ years of related work experience required.

Knowledge and Skills Area:

• Advanced ability to perform independent research
• I