Condition Monitoring Analyst

Condition Monitoring Analyst

When you join the Federal Reserve—the nation's central bank—you'll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities. Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

The Credit Risk Management and Reserves Unit (CRMR) within the Supervision, Regulation and Credit department has an immediate opening for a Condition Monitoring Analyst. CRMR provides liquidity to banks and credit unions for the efficient clearing of payment systems and to help with short-term funding needs while mitigating risk presented by borrowing organizations to the Reserve Bank, payment systems of the Federal Reserve, and United States Treasury.

Reporting to a Senior Manager as part of a 3-person team, you will analyze Fifth District financial institutions using quarterly financial data along with regulatory and other risk management information to evaluate financial condition and Reserve Bank credit risk exposure. You will use automated tools and various information databases to assist your analyses and inform your risk mitigating recommendations. Additionally, you will provide analytical support to the Credit Management and Collateral teams within CRMR and will participate in the achievement of department objectives. Communication across CRMR and banking and credit union supervisors is frequent and necessary.

Onsite presence required to our Richmond location.

What You Will Do:

• Analyze financial data and supervisory reports to identify risk presented by financial institutions using Federal Reserve payment services and recommend risk mitigating actions to CRMR management.
• Conduct predefined and ad hoc self-motivated analyses on financial institution, banking industry, and CRMR data to highlight trends and outliers.
• Evaluate financial institution performance to support credit risk mitigation activities and the implementation of Federal Reserve policy on Payment System Risk.
• Present risk analysis and information to CRMR, Supervision and Regulation staff and management, and Reserve Bank senior management for organizations that present credit risk to or are supervised by this Reserve Bank.
• Communicate with external stakeholders about risk presented by certain financial organizations.
• Acquire thorough knowledge of critical applications used by CRMR to extend credit and mitigate risk exposure.
• Lead and contribute to efforts to continually improve existing processes by thoughtfully challenging current practices and developing new processes and procedures to address changing business conditions.
• Maintain awareness of current events in the banking industry that could affect the institutions and the risk posed to the Federal Reserve.

Qualifications:

• 3-5+ years prior experience and knowledge related to banking supervisory and financial analysis.
• A bachelor's degree in finance, economics or a related field required.
• Strong analytical skills, proven critical thinking, strong attention to detail, effective time organization, and proactive problem-solving abilities.
• Commissioned examiner credentials or commensurate experience is strongly preferred.
• Querying, data analytics, and data visualization skills preferred.

Other Requirements and Considerations:

• Candidates should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• If you need assistance or an accommodation due to a disability, please notify View email address on click.appcast.io.
• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
• This position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
• In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
• Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
• Please review Bank's Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
• Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
• If a financial institution employs a member of the employee's immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
• If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
• In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee's job responsibilities.
• The hiring range of the Analyst – Supervision – Int. is $83,600 – $114,000 annually.
• The hiring range of the Analyst – Supervision – Sr. is $114,000 – $156,000 annually.
• Salary offered will be based on the job responsibilities and the individual's knowledge, skills, and experience as defined in the job qualifications.
• Interested candidates are strongly encouraged to apply by July 3, 2026. Applications are reviewed on a rolling basis. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.