Analyst, Credit Review
Federal Reserve Bank of San Francisco, San Francisco, California, United States, 94199
Overview
Federal Reserve Bank of San Francisco – we are public servants with a mission to advance the nation's monetary, financial, and payment systems to build a stronger economy for all Americans. We serve the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. We seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service. We have an opportunity on the Credit Review team of Credit Risk Management (CRM). CRM is responsible for the administration of overnight and daylight credit to Depository Institutions (DIs) in the Twelfth District through our Discount Window, Payment System risk, and Condition Monitoring functions. As an analyst in Credit Review, you will be responsible for conducting inspections to ensure DIs participating in the Borrower-in-Custody (BIC) program are in compliance with program guidelines. The BIC program allows DIs to pledge customer loans to the Federal Reserve as collateral for Discount Window and Payment System Risk purposes. Inspections can be conducted onsite at the institution or online at the Reserve Bank. The analyst is responsible for a variety of tasks including reviewing loan documentation and data for completeness and accuracy and performing financial analysis. Responsibilities
Conduct inspections of DIs participating in the BIC program; this includes completing inspection reports, discussing findings and conclusions with DI's senior management, and collaborating closely with DI and CRM functions/management to resolve issues and/or discuss emerging events. Review loan documents to ensure completeness and compliance with BIC Program guidelines. Validate loan data reported to the Reserve Bank. Assess the creditworthiness of loans pledged to the Reserve Bank. Conduct analysis of DIs applying for the BIC Program, and periodic reviews of certifications as required for participating BIC DIs. Review financial documents to determine the financial condition of the entity. Participate in local and FRB System project workgroups. Conduct financial analysis reviews of vendors for FRB. Qualifications Knowledge, Skills & Abilities
Must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen. Bachelor's degree required in business, economics, finance, legal, accounting or a related field. Minimum 3+ years of related work experience. Must possess valid California Driver's license or ability to acquire one. Knowledgeable of financial instruments, including loans and securities. Understanding of loan documentation and the process of perfecting a security interest. Understanding of credit underwriting standards and practices. Familiar with financial documents and ratios for DIs, and other entities. Experience with conducting financial analysis with bank or company financial statements. Bank regulatory experience and/or understanding of the Uniform Financial Institutions Rating System (CAMELS rating system) is desirable. Effective interpersonal and communication skills. Ability to multi-task and prioritize assignments. Ability to handle projects, from inception to implementation. Proficient with Microsoft Office applications; Word, Excel, and Outlook. Ability to maintain the confidentiality of critical information. Travel requirements may be around 30% of the time. We are looking for candidates who demonstrate strong analytical thinking, problem solving skills, initiative, and customer service orientation. Base Salary Range
Min: $82,600 – Mid: $107,300 – Max: 131,900 (Location: San Francisco) Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and alignment with geographic and other market data. Benefits
We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer. Full Time / Part Time: Full time; Regular / Temporary: Regular; Job Exempt (Yes / No): No; Job Category: Markets Family Group; Work Shift: First (United States of America) Equal Opportunity
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels. Privacy Notice
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Federal Reserve Bank of San Francisco – we are public servants with a mission to advance the nation's monetary, financial, and payment systems to build a stronger economy for all Americans. We serve the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. We seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service. We have an opportunity on the Credit Review team of Credit Risk Management (CRM). CRM is responsible for the administration of overnight and daylight credit to Depository Institutions (DIs) in the Twelfth District through our Discount Window, Payment System risk, and Condition Monitoring functions. As an analyst in Credit Review, you will be responsible for conducting inspections to ensure DIs participating in the Borrower-in-Custody (BIC) program are in compliance with program guidelines. The BIC program allows DIs to pledge customer loans to the Federal Reserve as collateral for Discount Window and Payment System Risk purposes. Inspections can be conducted onsite at the institution or online at the Reserve Bank. The analyst is responsible for a variety of tasks including reviewing loan documentation and data for completeness and accuracy and performing financial analysis. Responsibilities
Conduct inspections of DIs participating in the BIC program; this includes completing inspection reports, discussing findings and conclusions with DI's senior management, and collaborating closely with DI and CRM functions/management to resolve issues and/or discuss emerging events. Review loan documents to ensure completeness and compliance with BIC Program guidelines. Validate loan data reported to the Reserve Bank. Assess the creditworthiness of loans pledged to the Reserve Bank. Conduct analysis of DIs applying for the BIC Program, and periodic reviews of certifications as required for participating BIC DIs. Review financial documents to determine the financial condition of the entity. Participate in local and FRB System project workgroups. Conduct financial analysis reviews of vendors for FRB. Qualifications Knowledge, Skills & Abilities
Must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen. Bachelor's degree required in business, economics, finance, legal, accounting or a related field. Minimum 3+ years of related work experience. Must possess valid California Driver's license or ability to acquire one. Knowledgeable of financial instruments, including loans and securities. Understanding of loan documentation and the process of perfecting a security interest. Understanding of credit underwriting standards and practices. Familiar with financial documents and ratios for DIs, and other entities. Experience with conducting financial analysis with bank or company financial statements. Bank regulatory experience and/or understanding of the Uniform Financial Institutions Rating System (CAMELS rating system) is desirable. Effective interpersonal and communication skills. Ability to multi-task and prioritize assignments. Ability to handle projects, from inception to implementation. Proficient with Microsoft Office applications; Word, Excel, and Outlook. Ability to maintain the confidentiality of critical information. Travel requirements may be around 30% of the time. We are looking for candidates who demonstrate strong analytical thinking, problem solving skills, initiative, and customer service orientation. Base Salary Range
Min: $82,600 – Mid: $107,300 – Max: 131,900 (Location: San Francisco) Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and alignment with geographic and other market data. Benefits
We offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer. Full Time / Part Time: Full time; Regular / Temporary: Regular; Job Exempt (Yes / No): No; Job Category: Markets Family Group; Work Shift: First (United States of America) Equal Opportunity
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels. Privacy Notice
#J-18808-Ljbffr