Senior Financial Analyst

• 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, member borrowing activity, and changes in member 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 watch list 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 members.
• 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 member 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.
• Prepare special projects for the Bank’s management or Board of Directors pertaining to individual members or general credit matters.
• Provide ad hoc project management, including defining the scope of a project, developing project plans, evaluating progress, and presenting the final product.
• Participate in Bankwide working groups, as requested.

• Bachelor’s degree in Accounting, Business Administration, Finance, Banking, a related field or equivalent education required. Master's degree preferred.
• Five to seven years of increasingly responsible experience in financial/credit analysis or capital markets.
• Thorough knowledge, understanding and ability to apply the principles of credit, finance, accounting and financial instruments as well as the techniques and tools of credit analysis, financial analysis and asset/liability management in the evaluation of the financial condition of various types of financial institutions.
• Understanding of capital markets required -- specifically, as related to members’ decisions to invest/buy/sell/trade Mortgage Backed Securities (MBS), Collateralized mortgage obligation (CMO), derivatives, Treasuries, and other U.S. Agency securities. The following is required: 1) ability to communicate effectively and intelligently with the senior management of member institutions, especially Controllers, Treasurers and Chief Financial Officers; and 2) ability to assess the effectiveness of member operating strategies and asset/liability management efforts.
• Demonstrated knowledge and understanding of the operational aspects of financial institutions and credit unions, including governing regulations and accounting conventions/requirements.
• Understand and differentiate between the reporting requirements, regulatory framework, and operating strategies of various types of financial institutions, specifically savings institutions, commercial banks, thrift and loans, and credit unions.
• Ability to operate PC-based software programs and/or automated database systems.
• Strong verbal and written communication skills with the ability to summarize large amounts of both objective and subjective information, and to justify recommendations to Bank management.
• Ability to interface with all functions and all levels of internal and external customers.