Responsibilities
Underwrite and disburse Discount Window loans in accordance with Reserve Bank and System lending standards
Ensure loans and payment services are secured with sound collateral by participating in collateral inspections or processing pledged commercial and consumer loans
Assess the risk exposure levels of DIs by monitoring their regulatory ratings, capital ratios and liquidity status
Monitor DIs for conformance with the Federal Reserve’s Payment System Risk (PSR) Policy
Oversee the administration of interest on Reserve Accounts in compliance with System guidance
Support implementation and adjust processes to align with objectives from the Credit Risk Management Support Office and Reserves Business Office
Support other Credit Risk Management and Reserves System initiatives as needed
Perform other duties, as assigned
Qualifications
Bachelor’s degree in business administration, finance, accounting or similar fields of study or commensurate experience
1-3 years relevant experience
Experience in communicating technical topics in simple and concise terms to internal and external parties
Ability to work on a team with continuous collaboration
Travel (<10%)
Total Rewards
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your career growth—along with a wide range of benefits and perks that support your health, wealth, and life.
Salary: $70,000 - $80,000
In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:
Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
401k/Thrift Plan with generous employer match
Employer-funded Pension Plan
Paid Vacation/Sick Time and Holidays
Flexible Spending Accounts and Healthcare Spending Accounts
Life Insurance and Long Term Disability Insurance
Tuition Reimbursement (undergraduate and graduate)
Parental Leave
Free onsite 24/7 Fitness Center
Onsite Cafeteria and Coffee Shop (St. Louis location)
Additional Convenience Benefits, Discounts and More…
At the Federal Reserve Bank of St. Louis, we are committed to a strong and resilient economy for all. We prioritize inclusion and strive to be a workplace where all employees can thrive. Learn more about Bank's culture.
The Federal Reserve Bank of St Louis is an Equal Opportunity Employer. #LI-Onsite
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.
All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.