Financial Analyst – Credit and Payments Risk recruitment

Credit Risk Management (CRM) is responsible for analyzing, measuring, and mitigating the credit risk that the Federal Reserve Bank of New York (FRBNY) faces from its counterparties. Credit risk at the Fed arises from intraday credit extensions, discount window lending, Federal Reserve lending facilities and liquidity programs, open market trading activity, and other types of exposures.

CRM is expanding its Payment System Risk Team and currently seeks a financial analyst who will be responsible for leading and assisting with project initiatives related to payment system risk. Primary responsibilities include assisting in the build out of the Team's data analysis and risk reporting initiatives, participating in FRBNY and Federal Reserve System level work groups, and supporting the CRM Risk Liaison with the identification and mitigation of operational risks related to CRM business processes.

The ideal candidate will have demonstrated a keen interest in credit and payments systems risk and is experienced in data compilation, data analysis, and project management. The candidate must be interested in a diverse set of responsibilities, close interaction with Team Members and other stakeholders, and combining excellent data management skills with analytical capabilities.

Responsibilities

· Develop strong knowledge regarding the Board of Governor's Payment System Risk Policy

· Assist in the development of Senior Management risk reports and participate in ongoing monitoring activities related to payment activity and intraday credit usage

· Represent CRM business users and collaborate with various IT and other FRBNY departments on data management initiatives and assist with development of Team's technical competencies

· Recommend and implement process improvements

· Contribute to the development of more junior staff

· Contribute meaningfully to Federal Reserve System work groups related to PSR policy, operational, and IT issues

· Represent CRM on related Bank and System level initiatives involving payment and credit issues

· Demonstrate strong intellectual capacity and the ability to identify and share best in class risk management practices

· Back-up Risk Liaison to coordinate and update periodic reviews of department's contingency plan and risk assessment

· Participate on ad hoc department projects as needed, including development of procedures

Skills

· Master's degree in Business, Economics or Finance or equivalent work experience

· Four to seven years of experience in financial analysis, credit administration, management of payment services, and/or payments policy administration

· Significant experience managing and/or playing leadership roles in multi-faceted projects

· Working knowledge of relational databases and interest and ability to develop database queries, analyze results and present analysis to management

· Knowledge of tools used for data analysis (e.g., advanced Excel, MATLAB, or SAS) is desirable

· Understanding of wholesale and retail payment services, and related operational systems, and of Federal Reserve's PSR policy is a plus

· Accuracy and attention to detail

· Well organized and strong time management skills

· Ability to communicate effectively (verbally and in writing) and to work across teams and in a collaborative environment and an honest, credible and professional personality

· Ability to work both independently and in a team environment

· Ability to balance multiple assignments and priorities

This position requires access to confidential supervisory information, which is limited to 'Protected Individuals' as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.