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Credit Analyst at Federal Reserve Bank (FRB)

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Chicago, Illinois

Job Description:

Job Summary:

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.

Principal Duties and 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

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 business-related software applications
  • Knowledge of procedures and services of related areas (such as Accounting, Supervision and Regulation, and other operating departments) is preferred
  • Strong verbal and written communication skills
  • Strong data analysis skills
  • Ability to work in a team environment
  • Ability to prioritize assignments and meet deadlines
  • 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

Other Requirements and Physical Requirements:

  • Handles Restricted FR and Supervisory information
  • Applicants must be U.S. Citizens or permanent residents with the intent to become U.S. Citizens
  • May be required to travel 10% of the time

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.