Member Credit Analyst, Sr. Assoc.

Member Credit Analyst, Sr. Associate

Join the Federal Home Loan Bank of San Francisco as a Senior Associate of Member Credit, the primary rating and research analyst responsible for underwriting and monitoring credit facilities for a portfolio of depository financial institutions.

The Bank is a cooperative wholesale bank that provides liquidity to members and helps meet community credit needs through all phases of the economic cycle. The Senior Associate will support strategic credit initiatives to enhance underwriting practices and streamline credit processes while ensuring safe and sound lending practices in compliance with regulatory guidelines.

The Senior Associate will conduct comprehensive credit underwriting and member due diligence processes to evaluate credit worthiness, risk profile, and asset quality for the provision of credit lines to member-obligors (borrowers). The role supports engagement with member-obligors and implements an enhanced credit underwriting framework to mitigate risk.

• Perform ongoing member credit analysis, including full‑scope credit reviews, employing quantitative and qualitative analysis of an institution’s business strategy, financial condition, and exposure to economic/market conditions in accordance with the Bank’s review frequency policy.
• Underwrite applications for new Bank membership in compliance with the Federal Housing Finance Agency’s Membership Approval regulations and the Bank’s policies and procedures.
• Identify key factors that affect internal credit ratings and changes to credit exposure appetite by:
• Effectively and persuasively communicating credit knowledge and rating analysis rationale in both written and oral form.
• Periodically accompanying relationship managers or collateral asset managers on member‑client calls to expand due diligence discussions.
• Presenting credit memos, including credit rating and credit term recommendations for review and approval by senior management.
• Developing and maintaining an understanding of industry trends and issues.
• Supporting reports to management committee and board of directors.
• Conduct periodic industry sector portfolio reviews and exposure analysis by assessing industry trends and member‑specific financial metrics.

• Analyze the credit risk assumed by the Bank for assigned institutions by monitoring their financial condition and recommending changes in credit ratings, exposure limits, and/or collateral pledging status as appropriate.
• Maintain familiarity with capital markets trends, accounting standards, regulations, and general industry and economic conditions to determine their effects on member financial condition and creditworthiness.
• Determine, administer, and/or execute appropriate credit mitigation plans for large and/or troubled members on the Bank’s watchlists and shortlists.
• Respond to examinations and regulatory requirements, as needed, with management guidance.
• Work closely with other business partners in the organization, including Relationship Managers, Member Financial Services, Collateral Asset Management, Collateral Operations and Systems, Enterprise Risk Management, Technology Solutions & Services, and regulatory agencies.

• Minimum five years of experience analyzing, mitigating, and managing credit risk in a regulated financial institution, regulatory agency, or credit rating agency.
• Experience or understanding of assessing risk associated with banks and credit unions.
• Knowledge of GAAP standards and familiarity with the regulatory environment for insured depositories.
• Ability to prepare well‑written credit memorandums on a wide range of simple to complex credits, using data to support decision‑making with strong analytical and problem‑solving skills.
• Strong client‑interaction skills and outstanding verbal and written communication abilities.
• Working knowledge of various credit risk rating models is a plus but not required.
• Ability to solve complex analytical problems using quantitative and qualitative approaches with a blend of analytical and technical…