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The Federal Reserve Bank of Philadelphia Senior Credit Risk Specialist in Philadelphia, Pennsylvania

Reference #: R-0000027752 CompanyFederal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and financial institutions, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

Supervision, Regulation and Credit (SRC) is responsible for the supervision and regulation of banks and related financial institutions. Supervised financial organizations located within the Third District (Federal Reserve Bank of Philadelphia) range in size and complexity from small community organizations to larger regional banking organizations.

A Senior Credit Risk Specialist serves as a technical subject matter expert on examinations and provides expertise to support the supervision of financial institutions within the Third District.

What You Will Do: Principal Duties and Responsibilities: Participate in and manage the assessment of asset quality and credit risk management practices at community and regional banks as part of full-scope and targeted examinations of financial institutions within the Third District. Primary responsibilities will involve serving as a member of a team of examiners assigned to the examination of financial institutions scheduled throughout the year. Duties will primarily involve documenting observations, findings, and conclusions from meetings with bank management and the review of credit risk management reports and asset quality related documents requested by the exam team. Examination roles may include: Serving as a Credit Risk Specialist (CRS) as part of a team of other credit risk specialists assigned to perform and document assessments of loans reviewed during the exam, or to complete and document assessments of focused reviews of assigned credit risk management areas and credit administration practices. Serving as an Asset Quality Manager (AQM) of a team of other CRS examiners during a full scope exam where you would scope loans and to be reviewed during the examination, supervise the assigned CRS examiners, conduct and document meetings with bank management, and document examination findings and conclusions in an asset quality work paper. Serving as an Examiner in Charge (EIC) of a targeted exam of credit risk management and asset quality where you would develop a scope of work for the target examination, supervise the assigned CRS examiners, and document examination findings and conclusions in a work paper and Supervisory Letter to the financial institution. Independently assesses the appropriateness of loan risk ratings, alignment with bank policies, and adherence to supervisory guidance and bank regulation. Document examination findings in a written work paper that is clear, concise, and appropriate to the information needs of the audience; prepares well-supported examination reports reflecting advanced critical and independent thinking. Participates in meetings with bank management or boards of directors, and internal and external stakeholders involving complex issues or situations.

Perform other duties as assigned: Participates in department and System-wide initiatives, including but not limited to, working with staff from other Reserve Banks, the Board of Governors' and other regulatory agencies. Prepares and present materials to support staff training and outreach in area of expertise; may serve in a formal training capacity, as applicable. Serves as a mentor and coach, providing constructive feedback to staff at all levels. Maintains current knowledge of industry developments and banking regulations, and the supervisory process and technology tools. Participates in Federal Reserve System super isory activities, such as the Shared National Credit (SNC) program, and other resource sharing opportunities nationwide. Completes other special projects or tasks as assigned.

What You Have: Education and Experience: Bachelor's degree preferred; or equivalent related work experience and education is required. Regulatory experience (commissioned examiner preferred) or 5- 8 years of industry experience in a credit risk management, commercial lending, commercial credit analysis, commercial loan review, or credit audit related field. Ability to make assessments about commercial credit risk and credit risk management practices, especially in commercial and industrial or commercial real estate lending.

Qualifications: Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment must also be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen. Occasional overnight travel may be required. Valid driver's license required.

The salary grade for this position is: 16. Final salary and offer will be determined by the applicant's background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features: Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period 401k/Thrift Plan with generous employer match Employer-funded Pension Plan Paid Vacation/Sick Time & Holidays Monthly $100 Commuter Allowance Flexible Spending Accounts and Healthcare Spending Accounts Flexible Work Schedule available in most departments Life Insurance and Long Term Disability Insurance Tuition Reimbursement (undergraduate and graduate) Parental Leave Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities Onsite Cafeteria & Coffee Shop Additional Convenience Benefits, Discounts and More...

Additional Information: The Federal Reserve Bank of Philadelphia takes your information privacy seriously.Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "rb@myworkday.com". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org. The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace. We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees. We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job resp

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