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Overview: The Credit Risk Management (CRM) Unit of the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Senior Risk Analyst III. The CRM Unit contributes to FRBBs mission to promote sound growth and financial stability in New England and the nation by serving as a source of liquidity to depository institutions (DIs) by extending overnight credit to qualifying DIs through the Discount Window and administering the Board of Governors Payment System Risk policy governing the use of intraday credit.
You will perform complex analyses and compliance work to support CRM strategic plans, including Reserve Bank counterparty credit risk management, lending activities, and determining adherence to regulatory/policy standards, identifying and advising management on lending and collateral policy issues, and participating in local or Federal Reserve System projects, workgroups and strategic initiatives.
Roles and Responsibilities: Perform a wide array of analyses that involve summarizing multiple sources of information to assess legal, financial/safety and soundness, systemic, and reputational risks and produce well-supported and persuasive analyses. Analyze relevant facts and events driving more complex problems, recognizing trends/cause-effect relationships and symptoms that may indicate as problems, and identify underlying problems. Identify latest issues and trends in external market factors, assess the potential impact on several dimensions of credit risk, applying an integrated risk management approach, and communicate issues, trends, and associated risks. Develop/maintain a advanced understanding of CRM policies, processes, and procedures, and the relevant credit and legal risk issues, and brief others on related developments in the banking industry. Analyze legal issues related to lending agreements and the perfection of security interests in pledged loans and securities under the Uniform Commercial Code, consulting in-house legal counsel.
You Have: Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's/Juris Doctor degree and 7 years of job-related legal and/or bank compliance experience.
Key Competencies: Strong critical thinking traits, including analytical, problem solving, and decision-making capabilities when guidance is unclear. Demonstrated oral and written communications skills, including ability to develop tailored, concise, oral and written correspondence for all of our audiences. Ability to effectively multi-task, prioritize, and meet competing deadlines, and strong attention to detail. Strong team orientation. Awareness of policies, practices, trends, and technologies affecting the banking industry and understanding of the effects of changing business and market conditions. Thinking outside the box to develop creative solutions to latest problems.
Our Benefits: Our organization offers benefits that are the best fit for you at every stage of your career:
Pension plan fully paid by the Federal Reserve Bank 401K plan with 100% match up to 6% in addition to 1% automatic contribution Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA) Commutation Assistance Tuition Reimbursement Program Onsite Health & Wellness Center Backup Dependent Care (Child & Adult) And more
The Federal Reserve Bank of Boston is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and 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 not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Primary Location: MA-Boston Work Locations: Organization: Federal Reserve Bank of Boston Schedule: Full-time Job Type: Experienced Shift: Day Job Travel: No