Credit Risk Specialist, Senior

Company

Federal Reserve Bank of Boston

Risk Specialist, Senior

This job is eligible for a hybrid schedule with some on-site work expected.

The individual is expected to reside in the 1st District unless you were given an exception.

Always verify and apply to jobs on Federal Reserve Bank of Boston Careers or through verified Federal Reserve Bank social media channels.

The Senior Credit Risk Specialist leads and/or participates in reviews and examinations that evaluate the effectiveness of credit risk management practices across a range of capital markets risk dimensions and businesses, with a focus on wholesale credit risks for a large, globally systemic financial institution under Federal Reserve supervisory authority.  The Senior Risk Specialist is a highly competent technical practitioner, manages projects at an advanced level and supports the development and execution of strategic priorities.

 As a member of our dedicated supervisory team (DST), you will assess credit risk management in functional areas and business lines and the risk management programs of the institution through participation in on-site examinations and regular monitoring practices of business activities to ensure they operate in a sound manner, and comply with applicable banking laws, regulations, and policy statements.

You will also share knowledge within the DST, being a valuable team member by holding yourself accountable and being receptive to performance feedback and the divergent views from others.
 

The Senior Credit Risk Specialist will use sound analysis and reasoning to develop conclusions and recommendations on complex issues including evaluating the effectiveness of credit management and risk management practices under review.

Through well-supported recommendations you will negotiate, influence actions and resolve any conflict that arises.  The Senior Credit Risk Specialist may also participate in cross-institutional reviews in your specialty area, provide leadership or coordinate assistance in support of national supervision program management.

The position and job description posted is for a Senior Risk Specialist; however, candidates will be placed into an appropriate level within the Specialist job family (including Risk Specialist, Associate Risk Specialist or Senior Risk Specialist) based on the extent of their experience.

Responsibilities:


* Leads the oversight of wholesale credit risk in functional areas and business lines that encompass underwriting, independent risk management, credit review, rating practices and methodology, credit reserves practices and asset quality assessments.  Supports supervision and oversight of investment activities, country and sovereign risks, and counterparty credit exposures. 


* Successfully leads complex targeted reviews, examinations, and or/special projects in specialty area.

 Demonstrates strong judgment and well-reasoned decision making in situations that may involve highly complex issu...