Credit Risk Specialist / Senior Credit Risk Specialist - Bank Supervision

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Supervision, Regulation and Credit (SRC) is responsible for the supervision and regulation of state member banks (SMBs), bank holding companies (BHCs), savings and loan holding companies (SLHCs), financial holding companies (FHCs), data service providers, trust companies and large and foreign banking organizations (LFBOs). Supervised financial organizations are located across the Third District and range in size and complexity from small community organizations to some of the largest banking organizations in the country.

You will serve as a technical subject matter expert on a dedicated supervisory team or partners with a supervisory event team to develop supervisory strategies, participate on supervisory events, and provide expertise to support the supervision of District organizations.

You will maintain advanced skills in a specific risk specialty area including Bank-Secrecy/Anti-money Laundering, Fiduciary, Information Technology, Credit and Asset/Liability Management, as well as other risk areas, as determined.

What You Will Do:
Principal Responsibilities

• Conduct credit reviews and assess credit risk management practices at community and regional banks.
• Develop examination/project plans, timelines and milestones for complex supervisory events/projects and acts to ensure plan goals are achieved.
• Demonstrate advanced analytical and problem-solving skills, independent and critical thinking, and decision-making abilities in area of expertise.
• You will convey opinions, draw conclusions and offer persuasive arguments in a written format that is clear, concise, and appropriate to the information needs of the audience; prepares well-supported examination reports reflecting advanced critical and independent thinking.
• Participate in and conduct meetings with bank management or boards of directors and conduct briefings on a regular and ad hoc basis for internal and external stakeholders involving complex issues or situations.
• Develop relationships with supervisory risk specialist personnel across the Federal Reserve System, and with senior management and directors of supervised financial organizations.
• Additional Responsibilities:
• Participate in department and System-wide initiatives, including working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies.
• Prepare and present materials to support staff training and outreach in area of expertise; may serve in a formal training capacity, as applicable.
• Serve as a mentor and coach, providing constructive feedback to staff at all levels.
• Maintain current knowledge of industry developments and banking regulations, and the supervisory process and technology tools.
• Participate in Federal Reserve System supervisory activities and other resource sharing opportunities.

What You Have:
Education and Experience:

• Bachelor's degree preferred; or equivalent related work experience and education is required. Advanced degree preferred.
• Regulatory experience (commissioned examiner preferred) or a minimum of 8 years of industry experience in a credit risk management or credit audit related field.
• Experience making assessments about commercial credit risk and credit risk management practices, especially in the area of commercial and industrial or commercial real estate lending.

Additional Requirements:

• Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship.
• Some travel is required.
• Valid driver's license required.

This posting is a dual grade posting, reflective of the higher level, Senior Credit Risk Specialist. Candidates who have a slightly lower level of experience, education, or qualifications may also be considered.

The salary grade for this position is: (Grade 15/16). Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

We offer a great benefits package that features:
•    Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
•    401k/Thrift Plan with generous employer match
•    Employer-funded Pension Plan
•    Paid Vacation/Sick Time & Holidays
•    Monthly $200 Commuter Allowance
•    Flexible Spending Accounts and Healthcare Spending Accounts
•    Flexible Work Schedule available in most departments
•    Life Insurance and Long Term Disability Insurance
•    Tuition Reimbursement (undergraduate and graduate)
•    Parental Leave
•    Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
•    Onsite Cafeteria & Coffee Shop
•    Additional Convenience Benefits, Discounts and More…

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “[email protected]”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [email protected].
• We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at [email protected].
• All Federal Reserve Bank of Philadelphia 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 officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with Bank's Employee Code of Conduct rules and personal investment restrictions.
• You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. Employment may not begin until the Bank accepts the results of the background investigation.
• Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate).
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
• Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. 
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• By applying to this position, you agree you will be available to work on-site in a full-time capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

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Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervision Family Group

Work Shift

First (United States of America)

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.

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