Federal Reserve Bank - Boston, MA
posted 2 months ago
Part-time,Full-time - Senior
Boston, MA
Monetary Authorities-Central Bank
About the position
The Credit Risk Specialist at the Federal Reserve Bank of Boston plays a crucial role in overseeing and evaluating commercial credit risk management practices at regional and community banks. This position involves leading reviews, providing insightful analysis on credit conditions, and ensuring compliance with applicable laws and regulations. The role offers opportunities for personal and professional growth within a diverse and intellectually stimulating environment.
Responsibilities
- Participate in and lead reviews of commercial credit risk management practices at regional and community banks.
- Evaluate the effectiveness of credit risk management and provide insightful analysis on credit conditions.
- Formulate conclusions and communicate findings to bank management to effect positive change.
- Help prepare credit-related supervisory strategies and risk assessments.
- Lead or participate in high-level projects and workgroups related to credit risk.
- Mentor, coach, and train less experienced staff and peers.
- Serve as a project lead or Examiner-In-Charge (EIC) overseeing assigned resources and deliverables.
Requirements
- Master's degree or equivalent advanced professional designations, licenses, or certifications.
- 10 years of financial industry credit or regulatory work experience or a Bank Commission plus 6 years of credit-focused work experience post commissioning.
- Strong analysis skills and knowledge of commercial credit products and risk management practices.
Nice-to-haves
- Knowledge of model risk management, ACL, and credit stress testing.
Benefits
- Paid holidays
- Health insurance
- Dental insurance
- Tuition reimbursement
- Vision insurance
- 401(k) matching
