Member Credit Analyst, Assoc.

The Federal Home Loan Bank of San Francisco (the "Bank") is a cooperative, wholesale bank that provides liquidity to its members and helps meet community credit needs by providing credit products and services to member financial institutions through all phases of the economic cycle. The Bank's members include large and regional commercial banks, community banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. The Bank is member-focused; embraces accountability to meet commitments and upholds our governance, risk and control standards as a government sponsored enterprise; and values differences to foster an inclusive culture.

Position
The Associate of Member Credit 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 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.

Major Accountabilities:

Credit analysis, credit originations and underwriting

• Perform ongoing member credit analysis, including full scope credit reviews, 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.
• 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
• 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 or collateral asset 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 senior manager
  • 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 Monitoring

• 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
• 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 watchlists and shortlists.
• 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 Financial Services, Collateral Asset Management, Collateral Operations and Systems, Enterprise Risk Management, Technology Solutions & Services and regulatory agencies

Skills / Knowledge:

• Minimum of four 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 risk associated with banks and credit unions
• Knowledge of GAAP standards and familiarity with the regulatory environment for insured depositories

• Ability to prepare well-written credit memorandums on wide range of simple to complex credits, which includes the ability to use data to aid decision-making by possessing strong 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
• Working knowledge of various credit risk rating models is a plus but not a requirement
• Ability to solve complex analytical problems using quantitative and qualitative approaches with a unique blend of analytical, and technical skills strongly desired
• High proficiency in Microsoft Office and S&P Capital IQ used in analytics and report building
• Bachelor's degree in Business Administration, Finance, Economics, or a related field, or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired

Critical Competencies:

The successful candidate will be a creative problem solver with an innovative mindset and possess a balance of strong credit risk analysis and business skills. Must have:

• Strong communication skills, both written and verbal (including listening skills)
• Solid time management skills which include the ability to juggle multiple projects and meet critical deadlines.
• 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
• Proficiency in the Bank's desired competencies:
  • Collaborates: Building partnerships and working collaboratively with others to meet shared objectives.
  • Instills trust: Gaining the confidence and trust of others through honesty, integrity, and authenticity.
  • Communicates effectively: Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
  • Values differences: Recognizing the value that different perspectives and cultures bring to an organization.
  • Customer focus: Building strong customer relationships and deliver customer-centric solutions.

SALARY RANGE: $85K - $100K

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

Salary ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.

The Bank is committed to offering all team members challenging and engaging work with market competitive pay, retirement, and benefit offerings. In support of this commitment, the Bank routinely engages in market competitive benchmarking surveys and analysis to ensure our team members continue to be paid fairly and competitively.