Sr. Financial Analyst (Credit)

Job Details:

PurposeResponsible for providing credit underwriting services in support of the Bank's secured credit and membership recruitment activities. Manage the Bank's credit risk exposure to an assigned caseload of financial institutions on an ongoing basis by recommending appropriate exposure limits and collateral status for each institution.Major Accountabilities Identify and schedule formal credit limit reviews (in-depth reviews of institution business strategies, financial condition, and exposure to economic/market conditions) to be performed based on the Bank's review frequency policy, requests from members and Mortgage Finance staff, shareholder borrowing activity, and changes in shareholder financial condition. Manage the credit risk assumed by the Bank for a caseload of assigned institutions by monitoring the financial condition of each institution and recommending changes in credit rating, exposure limits, and/or collateral status as appropriate. Maintain familiarity with the financial condition, operating strategies, and regulatory compliance of each assigned institution through the evaluation of quarterly financial data, press releases, regulatory information and discussions with management. Prepare summary Watchlist information on a quarterly basis for institutions in weak financial condition and recommend actions to the Credit Committee as appropriate to manage the Bank's credit risk exposure to such institutions. Responsible for understanding how changes to Bank policies and procedures, as well as changes in local real estate market conditions, may impact the Bank's credit exposure to assigned shareholders. Perform quality assurance support and testing on various credit systems. Responsibilities include writing specifications and implementing procedures to test and validate state-of-the-art systems that support credit analysis, collateral, and marketing functions of the Bank. Requires thorough knowledge and understanding of finance and financial institution financial data reporting conventions. Maintain familiarity with capital markets trends, accounting standards, regulations, and general industry and economic conditions to determine their effects on shareholder financial condition and creditworthiness. Underwrite applications for Bank membership in compliance with the FHFB's Membership Approval regulations and the Bank's policies and procedures.