*Must be able to go into the San Francisco office 3 days/week. Local candidates only*

The Credit Analyst will be the primary rating and research analyst to underwrite and monitor credit facilities provided to a portfolio of depository financial institutions. Additional responsibilities include secondary support for life, health, and property and casualty insurance companies and other nonbank financial institutions such as community development financial institutions, and support for strategic credit initiatives to enhance underwriting practices and streamlining credit processes. The credit analyst will be conducting comprehensive credit underwriting and member due diligence processes to evaluate credit worthiness, risk profile and asset quality for the provision of credit lines to members-obligors (borrowers). 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.

Responsibilities:

Credit analysis and underwriting

• Perform ongoing member credit analysis, including full scope credit reviews, employing extensive 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.
• Perform ongoing surveillance and exposure monitoring to 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.
• Periodically accompanying relationship manager on member-client calls to expand due diligence discussions to further support credit analysis and rating recommendation
• Presenting credit memos, including credit rating and credit term recommendations for review and approval by the rating committee
• Developing and maintaining an understanding of industry trends and issues
• Supporting reporting to management committee and board of directors
• Conduct periodic industry sector reviews and exposure analysis for an assigned portfolio of credits by assessing appropriate credit ratings and communicating updated credit views.

Credit Origination and Monitoring

• Underwrite applications for new Bank membership in compliance with the Federal Housing Finance Agency’s Membership Approval regulations and the Bank’s policies and procedures
• Analyze the credit risk assumed by the Bank for 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 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 watch-list and short-lists
• Respond to examinations and regulatory requirements, as needed with management guidance
• Work closely with other business partners in the organization including but not limited to Relationship Managers, Member Services, Collateral Management, Enterprise Risk Management, Technology Solutions & Services and regulatory agencies

The ideal candidate should posses the following qualifications:

Skills / Knowledge:

• Minimum of seven to ten years’ experience analyzing, mitigating and managing credit risk in a regulated financial institution, regulatory agency or credit-rating agency.
• Experience with or understanding of assessing credit risk associated to bank and non-bank financial institutions, lending to Insurance companies, non-regulated mortgage
• lenders/investors, Community Development Institutions and mortgage Real Estate
• Investment Trusts (REITs)
• Knowledge of GAAP and statutory accounting standards and familiarity with the regulatory environment for insured depositories and insurance companies
• Ability to prepare written financial analysis memorandums. Also have an ability to use data to aid decision making by possessing strong analytical and problem-solving skills to tell the story behind the numbers and analysis
• Strong skills in client interaction and possess outstanding verbal and written communication skills
• Solid understanding of credit rating methodologies, statistical based models, and expert judgment score cards
• Working knowledge of various credit risk rating models such as Moody’s KMV/RiskCalc, CreditEdge, Bank Insights, Bloomberg’s DRSK, etc.
• Ability to solve complex analytical problems using quantitative and qualitative approaches with a unique blend of analytical, and technical skills strongly desired
• High proficiency with Microsoft Excel and familiarity with SQL, Python or R
• Working knowledge of Microsoft Office, S&P Capital IQ, and S&P Market Intelligence

Must have:

• Leadership knowledge and subject matter expertise in credit underwriting practices obtained through advanced education combined with experience
• Experience with producing and reviewing senior level presentations
• Strong communication skills, both written and verbal
• Excellent interpersonal skills to work in a team environment and to influence and interface with a broad range of stakeholders at all levels, both internal and external