Description:
The Member Credit Analyst will assist in processing data and updating processes and documenting procedures for the functioning of the department’s critical processes involving CreditLens as well as policy and procedures updates. This position provides support with the primary rating and research analysis to underwrite and monitor credit facilities for depository financial institutions. Additional responsibilities include support for strategic credit initiatives to enhance underwriting practices and streamlining credit processes. The Member Credit Analyst will conduct quantitative and technical analysis, including continuous improvement prioritization and systems enhancement specifications, data validation and testing (e.g., CreditLens, Calypso, CIS), identification and analysis of any outliers based on financial metrics. In addition to data processing, the Member Credit Analyst position assists with conducting cohort analysis of the credit portfolios and associated industry trends. The successful candidate will support a practice to increase engagement with member-obligors and implement an enhanced credit underwriting framework to mitigate risk and adhere to regulatory guidelines to establish safe and sound lending practices to achieve the Bank’s missions.
Major Accountabilities:
- Credit analysis, data analysis, and surveillance monitoring
- Perform ongoing monitoring and credit analysis by employing quantitative and qualitative analysis of an institution’s business strategy, financial condition, and exposure to economic/market conditions in accordance with the Bank’s review frequency policy.
- Identify key factors that affect internal credit ratings and changes to credit exposure appetite by:
- Effectively and persuasively communicating credit knowledge and rating analysis rationale in both written and oral form.
- Assisting with improvement prioritization and systems enhancement specifications, data validation and testing.
- Developing and maintaining an understanding of industry trends and issues
- Supporting reports to management committee and board of directors
- Conduct periodic industry sector portfolio reviews and exposure analysis by assessing industry trends and member-specific financial metrics.
Credit Risk Monitoring
- Work closely with other business partners in the organization including but not limited to Relationship Managers, Member Financial Services, Collateral Asset Management, Collateral Operations and Systems, Enterprise Risk Management, Technology Solutions & Services and regulatory agencies.
- Analyze the credit risk assumed by the Bank for assigned institutions by monitoring the financial condition of each institution and recommending changes in credit ratings, exposure limits, and/or collateral pledging status as appropriate.
- Formulate familiarity with capital markets trends, accounting standards, regulations, and general industry and economic conditions to determine their effects on member financial condition and creditworthiness.
- Determine, administer and/or execute appropriate credit mitigation plans for large and/or troubled members on the Bank’s watchlists and shortlists.
- Assimilate and respond to examinations and regulatory requirements, as needed with management guidance.
Skills / Knowledge:
- Bachelor’s degree in Business Administration, Finance, Economics, Data Science or a related field, or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired.
- Ability to solve analytical problems using quantitative and qualitative approaches with a unique blend of analytical, and technical skills strongly desired.
- Specializes or has experience in Commercial real estate vending.
- High proficiency in Microsoft Office and S&P Capital IQ used in analytics and report building.
- Ability to develop financial spreadsheets, graphics, and maintain financial databases using data management systems, (e.g., Access, SQL, PowerBI, or other query tools).
- Ability to create, access, and maintain financial databases using data management systems.
- Working knowledge of various credit risk rating models is a plus but not a requirement.
- Ability to work effectively with people from all areas of the Bank.
- Ability to prepare written credit memorandums on wide range of simple to complex credits, which includes the ability to use data to aid decision-making by possessing analytical and problem-solving skills (tell the story behind the numbers and financial analysis)
- Strong skills in client interactions and outstanding verbal and written communication skills
- Possess strong analytical, verbal and written communication skills.
