AVP, Credit Management
Company
Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston (FRBB) is administering special lending facilities to support lending to small and medium-sized businesses due to exigent circumstances caused by the COVID-19 pandemic. The AVP, Credit Management will play a critical role in supporting this important nationwide initiative. .
This position is responsible for oversight of portfolio modeling, measurement and reporting of credit risk and resolution management of credit events within a Special Purpose Vehicle (SPV). The individual would consider themselves an expert in the commercial credit market with demonstrated capacity in working with outside vendors in assessing portfolio risks.
A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
assigned.
Supervision
This position will supervise a small team of highly skilled employees and will oversee the work of vendors performing credit related work on behalf of the SPV.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's Degree or a minimum of 12 years of commensurate financial industry or regulatory work experience.
Candidates must be highly proficient in credit risk and maintain current knowledge of related regulations, trends, and developments.
A successful candidate will also be able to:
Demonstrate good judgment and well-reasoned decision making in situations that may involve complex issues, public scrutiny, market reactions, and potentially adversarial circumstances. Manage relationships with strong interpersonal skills as well as effective negotiation and conflict resolution. Deliver excellent written and oral communications, with proven ability to effectively package and present material to senior executives.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position 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.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Executive
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.
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