Credit Analyst

Chicago, IL
December 15, 2024
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Job Description

CompanyFederal Reserve Bank of Chicago

The Credit Analyst supports the core business activities of Credit Risk Management, i.e., Discount Window, Reserve Analysis, and Payments System Risk, by performing daily activities of moderate risk and moderately complex nature. Ensures activities are conducted in a manner consistent with established policy, procedure, and risk and control requirements. Interacts with internal project teams regularly, supports System projects. Participates in meetings with depository institution senior management. Makes recommendations regarding tactical decisions utilizing input from higher levels.
The level of work required is considered intermediate and staff must be able to work under general supervision and in a team environment.
Problems are solved with advanced experience and expertise. This job does not have any direct reports but may provide direction and recommendations to junior level employees.

Your Responsibilities: 

System Projects and Work Groups:

  • Participates in and supports primary members of System work groups

Data Analysis and Report Development:

  • Collects and organizes data for report preparation and analysis Interprets information and reviews data in order to make decisions
  • Assists in compiling moderately complex data and information used to prepare briefings and reports relating to department activities

Regulatory and Operations-related Questions:

  • Fields, researches, and responds to moderately complex regulatory or operations-related questions from depository institutions, examiners, and Board Staff
  • Assist customers with counseling, lending questions, and reserve requirements

Research:

  • Independently researches and analyzes moderately complex topics related to payments activity, collateral evaluation, financial analysis, depository institution counseling and/or other data
  • Makes recommendations to management

Bank Processes and Applications:

  • Inputs data, develops standard queries, and updates databases to account for changes in institution information
  • Implements improvements to operational processes to increase efficiency

Your Background: 

EDUCATION AND EXPERIENCE

  • Bachelor’s degree with coursework in Accounting, Business Administration, Finance, or related field
  • 3 to 5 years of experience in Business Administration, Finance, or Accounting may serve in lieu of education requirement
  • 1 to 3 years of direct work-related experience

KNOWLEDGE AND SKILLS

  • Knowledge of the PSR Policy, Regulation D, and Lending Policy
  • Knowledge of financial concepts, banking regulations (Regulations D, A, J, K, and Y), and the Federal Reserve`s Operating Circulars
  • Knowledge of procedures and services of related areas (such as Accounting, Supervision and Regulation, and other operating departments) is preferred
  • Ability to work in a team environment with customer and stakeholder focus
  • Ability to prioritize assignments and meet deadlines and at times work independently with a sense of urgency and balancing competing priorities
  • Strong verbal and written communication skills
  • Excellent attention to detail
  • Strong data analysis skills
  • Ability to navigate ambiguity and accept change
  • Knowledge of business-related software applications. Preference for individual with demonstrated analytical skills and programming languages including Python, R, SQL, and Java

What we offer: 

  • Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and subsidized cafeteria. 
  • A continuous learning environment with opportunities to gain new skills and grow your career 

Additional Requirements: 

  • This is a hybrid position requiring a minimum of two days per week in office. 
  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. 
  • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. 
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary. 
  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee’s responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require. 

The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits 

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status. 

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryCredit Risk Management

Work ShiftFirst (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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