Monitoring Analyst

The Opportunity

The Credit Risk Management and Reserves Unit (CRMR) within the Supervision, Regulation and Credit department has an immediate opening for a Condition Monitoring Analyst. CRMR provides liquidity to banks and credit unions for the efficient clearing of payment systems and to help with short-term funding needs while mitigating risk presented by borrowing organizations to the Reserve Bank, payment systems of the Federal Reserve, and United States Treasury.

Reporting to a Senior Manager as part of a 3-person team, the analyst will analyze Fifth District financial institutions using quarterly financial data along with regulatory and other risk management information to evaluate financial condition and Reserve Bank credit risk exposure. The analyst will use automated tools and various information databases to assist analyses and inform risk mitigating recommendations, and will provide analytical support to the Credit Management and Collateral teams within CRMR.

• Analyze financial data and supervisory reports to identify risk presented by financial institutions using Federal Reserve payment services and recommend risk mitigating actions to CRMR management.
• Conduct predefined and adhoc self-motivated analyses on financial institution, banking industry, and CRMR data to highlight trends and outliers.
• Evaluate financial institution performance to support credit risk mitigation activities and the implementation of Federal Reserve policy on Payment System Risk.
• Present risk analysis and information to CRMR, Supervision and Regulation staff and management, and Reserve Bank senior management for organizations that present credit risk to or are supervised by this Reserve Bank.
• Communicate with external stakeholders about risk presented by certain financial organizations.
• Acquire thorough knowledge of critical applications used by CRMR to extend credit and mitigate risk exposure.
• Lead and contribute to efforts to continually improve existing processes by thoughtfully challenging current practices and developing new processes and procedures to address changing business conditions.
• Maintain awareness of current events in the banking industry that could affect the institutions and the risk posed to the Federal Reserve.

• 3-5+ years prior experience and knowledge related to banking supervisory and financial analysis.
• A bachelor’s degree in finance, economics or a related field required.
• Strong analytical skills, proven critical thinking, strong attention to detail, effective time organization, and proactive problem‑solving abilities.
• Commissioned examiner credentials or commensurate experience is strongly preferred.
• Querying, data analytics, and data visualization skills preferred.

All candidates must comply with the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. This position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in U.S. federal immigration law (U.S. citizens, nationals, or permanent residents, with exceptions for eligible non‑citizens who have applied for naturalization or who sign a declaration of intent to become a U.S. citizen).

All candidates, including non‑U.S. citizens, must undergo an enhanced background check and comply with all applicable information handling rules. Under conflict of interest guidelines, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.

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.