Lead Credit Analyst
New York City
Hybrid
The Lead Credit Analyst will be responsible for conducting comprehensive credit analysis on financial institutions, counterparties, and other stakeholders. This role requires identifying emerging risks, analyzing economic and banking trends, and ensuring compliance with established risk limits to safeguard the Bank.
Team Overview
The Credit Risk Management team focuses on developing and implementing strategies to identify, assess, monitor, and mitigate credit risks. The team also oversees the Bank's credit risk policies and procedures, ensuring compliance with regulatory standards.
Day-to-Day Responsibilities
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Conducts detailed credit analyses and reviews output from financial models for banks, credit unions, and insurance companies, recommending ratings adjustments.
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Performs research on macroeconomic and banking trends affecting counterparties' risk profiles.
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Updates internal credit scorecard models for the Bank and Credit Union on a quarterly basis.
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Collaborates across departments to assess and address credit risks.
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Monitors credit risk exposures and ensures compliance with internal limits, alerting senior management to any breaches.
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Identifies emerging risks and proposes updates to risk management policies as necessary.
Required Skills and Experience
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Experience: 10+ years in financial or credit analysis, with knowledge of banking, insurance, NRSRO rating systems, and financial models.
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Skills: Proficient in Microsoft Office Suite (Excel, PowerPoint, Word, Access) and database management. Expertise in data mining and querying.
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Additional Requirements: Strong understanding of domestic accounting rules, banking regulations, and financial markets.
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Education: MBA, MS, BA, or BS in Finance, Economics, Accounting, or a related field.
Salary Range - $130,000 - $145,000
Skills:
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What We Do
The Federal Home Loan Bank of New York (FHLBNY) is a privately-owned wholesale bank that helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The FHLBNY membership is comprised of commercial banks, savings banks, savings and loans, credit unions, insurance companies and community development financial institutions.
The FHLBNY is part of the Congressionally-chartered, nationwide Federal Home Loan Bank System, which was created in 1932 to provide a flexible liquidity source for member community lenders engaged in home mortgage and neighborhood lending. The mission of the FHLBNY is to advance housing opportunity and local community development by maximizing the capacity of community-based member lenders to serve their markets.
Since the FHLBNY is a secured lender, all of its credit products require real estate related collateral. The FHLBNY enables local lenders to extend affordable credit to their communities. Thanks to the Federal Home Loan Bank System, communities across the country have access to more affordable housing, small business, and community development programs.
