Senior Credit Analyst

Job Description

CompanyFederal Reserve Bank of Chicago

Supports the core business activities of Credit Risk Management, i.e., Discount Window, Reserve Analysis, and Payments System Risk by having a working knowledge of all core department business functions to ensure the effectiveness of daily operations. Ensures activities are conducted in a manner consistent with established policy, procedure, and risk and control requirements. Performs activities of high complexity and risk. May provide training and mentoring to other staff and must be able to work in a team environment. Interacts with internal and System project teams regularly. Conducts meetings with depository institution senior management. Problems are solved with advanced experience and highly technical expertise. Makes tactical decisions that may impact the project team or unit. Provides input during strategic decision-making processes.
The level of work required is considered advanced and the individual must be able to work under minimal supervision. This job does not have any direct reports but may oversee and direct the work of junior level employees.

Your Responsibilities: 

System Projects and Work Groups:

• Participates in and may lead operations-related System work groups and projects to implement System policies, practices and programs related to unit

Data Analysis and Report Preparation:

• Collects and organizes data for report preparation and analysis
• Interprets information and reviews data in order to make decisions and recommendations to senior leadership
• Performs analysis of highly complex data and information used to prepare briefings and reports relating to department activities
• Delivers briefings, presentations, and other communications to key decision-makers on Federal Reserve Bank and System matters

Regulatory and Operations-related Questions:

• Fields, research, and responds to highly complex regulatory and operations-related questions from depository institutions, examiners, and Board Staff in consideration of department and System policies and regulations

Research:

• Independently researches and performs advanced analysis on topics related to payments activity, collateral evaluation, financial analysis, depository institution counseling, controls, and/or other data
• Draws conclusions and makes recommendations to management

Bank Processes and Applications:

• Reviews data and creates complex queries used to monitor updates to changes in institution information
• Brainstorms and develops improvements to current processes

Your Background: 

EDUCATION AND EXPERIENCE

• Bachelor’s degree; major in Accounting, Business Administration, Finance, or related field
• 5 to 7 years of related work experience
• 7 to 10 years of accounting, business or finance experience may serve in lieu of education requirement

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
• Broad knowledge of banking operations and financial markets, as well as the procedures and services of related areas (e.g.,Accounting, Supervision and Regulation, etc.)

• Ability to prioritize assignments and meet deadlines often balancing competing priorities
• Ability to work in a team environment with customer and stakeholder focus
• Ability to work independently and with a sense of urgency on broad assignments or under general directions as scope or objectives
• Strong verbal and written communication skills
• Excellent attention to detail with additional responsibility to review other’s work
• Strong presentation and data analysis skills
• Ability to navigate ambiguity and accept change
• Advanced 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.

Privacy Notice