Provide operational support to the full suite of Community Investment programs within the regulations, policies and procedures that govern the programs while serving the needs of the membership. Carry out tasks in a multi-faceted environment while demonstrating a novice level of understanding of job knowledge, concepts, and proficiency with a moderate amount of assistance and a focus on applying skills.
Essential Job Function:
• Analyze documentation related to compliance monitoring to determine acceptability of income levels, rent amount and other compliance criteria.
• Assist in the preparation and ensure the accuracy of various management, ad hoc and regulatory reporting.
• Assist in the maintenance and creation of various internal- and external-facing resource materials.
• Participate in technology initiatives with such contributions as defining scope and user acceptance testing.
• Assist in gathering data for market analysis aimed at better understanding the current affordable housing and community/economic development needs of the FHLBNY district.
• Maintain at least a novice level of knowledge of all of the Bank’s Community Investment programs as well as the regulations and policies that govern them, for the purpose of supporting the programs. This will include staying abreast of guidelines, standard operating procedures, and other governance documentation as well as regulations and periodicals.
Skills: Oral and written communication skills, good time management and analytical capabilities.
Experience: 1-3 years total industry experience.
Education: Bachelor’s degree preferred. A plus if related to real estate, finance, business administration, public administration, or a related field.
Salary: $70,000 to $90,000
Skills:
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.
