Condition Monitoring Analyst

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more.

All brought together in a flexible work environment where you can truly find balance.

About 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, you 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.  You will use automated tools and various information databases to assist your analyses and inform your risk mitigating recommendations. Additionally, you will provide analytical support to the Credit Management and Collateral teams within CRMR and will participate in the achievement of department objectives.

Communication across CRMR and banking and credit union supervisors is frequent and necessary.

Onsite presence required to our Richmond location.

What You Will Do:


* 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 ad hoc 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 u...