Wholesale Credit, Risk Examiner – Financial Institution Supervision recruitment
The Credit Risk Department within the Financial Institution Supervision Group promotes a safe and sound banking system and a stable financial system. The Wholesale Credit Examiner team combines onsite bank examination activities at Regional, Community, Foreign and Large Complex Financial Institutions with analytical work, which includes continuous monitoring of certain institutions, horizontal analysis across institutions and topic specific projects. Wholesale products include syndicated and bilateral commercial and industrial credit transactions, bridge loans to capital markets transactions, commercial real estate loans and leasing. Other wholesale credit activities include the origination, distribution and investment in debt and equity securities.
One mission of the team is to analyze and examine supervised financial institutions?? wholesale lending practices (e.g. corporate, middle market, sovereign) and evaluate the risk management processes that govern wholesale credit products through on site examinations. Risk management evaluations include: risk rating and scoring systems, credit underwriting and administration, asset quality, loss reserving, portfolio and concentrations management, loan workout, risk reporting, and stress testing processes. Regulatory focused examinations will assess compliance with laws, regulations and regulatory guidance (including assessing Basel II readiness), and regulatory reporting. A second mission of the team is to develop a cross institutional risk perspective. This is developed through analytical projects and the ongoing monitoring of wholesale credit risk at financial institutions.
Candidates should have prior experience in at least one relevant Wholesale product area, strong analytical/problem solving skills and excellent written and oral communication abilities. The successful candidate will be expected to leverage those skills in evaluating financial organizations?? relevant risk management practices. Further, the individual will be expected to identify issues that may warrant further supervisory consideration relative to existing or future guidance.
Additional experience/knowledge/skills in one or more areas such as: Basel II; credit risk mitigation products; advanced credit analytics or supervisory perspective, guidance and regulations is a plus.
Responsibilities
- Analyze current industry practices, conditions, and trends and identify emerging risks as financial products/markets evolve
- Analyze and access individual credit transactions underwritten and inventoried by supervised financial organizations
- Participate in, and over time lead, examinations of wholesale credit product activity at supervised financial organizations which will require presentation of examination results
- Implement continuous monitoring of certain supervised financial organizations
- Formulate supervisory perspective on relevant risk management practices at supervised financial institutions
- Participate in the development of or refinement of existing supervisory guidance for sound risk management
- Collaborate with other risk areas and regulatory agencies to ensure that complex issues wherein several risk management questions arise are appropriately assessed
- Demonstrate strong intellectual capacity and the ability to identify and share cross-industry risk management practices and emerging industry risks
- Travel outside of NYC up to 30% of time.
Skills
- Demonstrated knowledge of credit risk principles and practices
- Experience in the analysis and/or risk management of relevant credit products
- Strong quantitative and analytical thinking skills
- Superior problem-solving skills
- Excellent written and oral communication skills
- Well-developed presentation skills
- Ability to work well in a team environment and manage multiple responsibilities
- Bachelors degree, preferably in Finance, Economics or Statistics; Masters degree in Finance or Economics a plus
- Minimum of 5 - 15 years of relevant business experience, depending on salary grade level.
{i}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.{/i}
FRBNY values and is committed to a diverse workforce.