Financial Risk Specialist - Credit Risk Management

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies.

You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person.

Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What We Do:

The Risk Group's mission is to help the Bank achieve its goals while managing risks within the Bank's risk tolerance.

The Financial Risk Oversight Function within the Risk Group provides an independent assessment of the Bank’s aggregate financial risk exposure, as well as oversight of the first line’s financial risk management and mitigation efforts.

Your role as a Financial Risk Specialist - Credit Risk Management:

As a member of the Financial Risk Oversight Function, you will report to the Financial Risk Director and execute the following activities:


* Conduct independent review of credit risk assessments performed by the first line to ensure consistency and provide feedback on divergent risk assessments.


* Conduct quantitative horizontal studies across portfolios of institutions and sectors.

Share credit insights and risk trends with business and senior stakeholders.


* Monitor the credit quality of counterparties and depository institutions within the 2nd district.

Utilize analytical tools (such as Alteryx, Tableau and Excel) to prepare and analyze data (including calculation of financial metrics and ratios) on a quarterly basis.


* Communicate risk issues that may warrant heightened monitoring of counterparties or implementation of risk controls.


* Prepare written independent credit assessments of selected vendors and other third-party providers of goods and service to FRBNY.


* Provide a second-line credit risk management view in policy discussions at the Bank and the FRS (e.g., structures of our credit facilities and programs, approaches to condition monitoring, counterparty policies.)


* Maintain and enhance internal credit risk analytical tools.


* Maintain open, timely communication and effective engagement with the business, control partners, senior management, and stakeholders.


* Contribute and lead across other streams of work, sharing knowledge of best practices in financial risk management.

What we are looking for:


* A seasoned credit professional with relevant credit risk management experience covering banks and the securities sector.


* Sound understanding of financial markets, financial institution business models, financial products and services.


* Experti...