Senior Credit Risk Specialist, Large Bank Supervision

Company

Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception.

Senior Credit Risk Specialist – Large Bank Supervision
 

Description of Role:

The Senior Credit Risk Specialist is responsible for leading and/or participating in reviews and examinations that evaluate the effectiveness of credit risk management practices across a range of capital markets risk dimensions and businesses for a firm within the large and foreign banking organization (LFBO) portfolio of institutions supervised by the Federal Reserve System (System). The Senior Risk Specialist is a highly competent technical practitioner, manages projects at an advanced level and supports the development and execution of strategic priorities.
 

As a member of our dedicated supervisory team (DST), you will assess credit risks and the risk management programs of the institution through participation in on-site examinations and regular monitoring practices of business activities to ensure they operate in a sound manner, and comply with applicable banking laws, regulations, and policy statements. You will also share knowledge within the DST, being a valuable team member by holding yourself accountable and being receptive to performance feedback and the divergent views from others.
 

The Senior Credit Risk Specialist will use sound analysis and reason to develop conclusions and recommendations on complex issues including elevating the effectiveness of management and risk management practices under review. Through the recommendations, you will negotiate, influence their actions and resolve any conflict that arises. The Senior Credit Risk Specialist will also participate in cross-institutional reviews in your specialty area, provide leadership or coordinate assistance to support national supervision program management.

Responsibilities:

• Leads the oversight of functional areas and business lines at our high risk and most complex institutions. Successfully leads complex targeted reviews, examinations, and or/special projects in specialty area. Demonstrates strong judgment and well-reasoned decision making in situations that may involve highly complex issues, public scrutiny, market reactions, and potentially adversarial circumstances.
• Assumes responsibility for aspects of the supervisory strategy and risk assessment for and participates in the vetting of scopes and findings relating to risk specialty area. Provides perspective to understanding of emerging risk, risk management practices and changes in supervision policies, procedures, tools or guidance on a System basis.
• Fully proficient in a credit risk management. Maintains current knowledge of regulations, trends, and developments related to specialty businesses and products, related risk management techniques and management information systems, and audit and internal controls.
• Serves as a resource on highly complex topics. Participates in or leads System workgroups and/or special projects, providing direction based on deep knowledge of industry and trends.
• Contributes to supervisory policy development and implementation or direction setting of System initiatives.
• Identifies emerging institutional, industry, and regulatory issues and themes; can frame and communicate these in terms of relevance, size, and scope.
• Evaluates the effectiveness of management and is highly successful in influencing their actions through strong relationship management and interpersonal skills and constructive negotiation and conflict resolution. Highly effective in obtaining possible changes to operating policies or practices while maintaining positive relationships with key stakeholders.
• Oversees assigned resources in meeting project, ongoing monitoring, or examination deliverables or timeframes. Shares knowledge by effectively mentoring, coaching and training others.
• Maintains liaisons with other System risk specialists, Dedicated Supervisory Team staff, institution man