Credit Analyst

CompanyFederal Reserve Bank of Chicago

As a Credit Analyst you will support 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. You will ensure activities are conducted in a manner consistent with established policy, procedure, and risk and control requirements. You will Interact with internal project teams regularly and support System projects. You will also participate in meetings with depository institution senior management and make 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.
This job does not have any direct reports but may provide direction and recommendations to junior level employees.

Your Responsibilities

System Projects and Work Groups:

• Participate in and supports primary members of System work groups

Data Analysis and Report Development:

• Collect and organizes data for report preparation and analysis Interprets information and reviews data in order to make decisions

• Assist in compiling moderately complex data and information used to prepare briefings and reports relating to department activities

• Regulatory and Operations-related Questions: Fields, research, 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

Your Background  

• 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 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

What We Offer

• Comprehensive benefits package including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria

• A continuous learning environment with opportunities to gain new skills and grow your career 

Additional Requirements: 

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. 

• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. 

• As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary. 

• 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. 

The expected starting salary range for this position is between $96,400 and $114,100 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.                                                                 

The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits 

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status. 

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryMarkets Family Group

Work ShiftFirst (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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