SENIOR DEPOSITORY CREDIT RISK ANALYST

Federal Home Loan Bank of Indianapolis (FHLBI); Indianapolis (IN); Hybrid; USD 91,000 - 107,000; Full time

Job summary

A leading financial institution seeks a Senior Depository Credit Risk Analyst to perform credit analyses of its depository institutions. The role involves financial reporting, regulatory interactions, and contributing to enterprise risk management. Ideal candidates will possess a bachelor's degree in a relevant field and at least 5 years of experience in the banking sector.

Benefits

Flexible hybrid workforce model

Competitive pay and total rewards

401(k) match up to 6%

Tuition reimbursement assistance

Student loan repayment assistance

Comprehensive benefits package

Generous time off

Dress for your day dress code

Qualifications

• Minimum 5 years experience within the banking industry required.
• Knowledge of banking and regulatory environments is essential.
• Ability to work full time in a hybrid workforce model.

Responsibilities

• Perform credit analyses and monitor financial condition of depository members.
• Design reports and assist management in lending and risk decisions.
• Engage with depository members regarding financial conditions.

Skills

Analytical Skills

Communication

Detail-oriented

Time Management

Education

Bachelors degree in Business Administration, Finance, Economics, Accounting

Advanced degree (Masters level+) or professional certification (CPA or CFA)

Tools

Microsoft Office (Word, Excel, Access)

Python

Power BI

Job description

Join to apply for the Senior Depository Credit Risk Analyst role at Federal Home Loan Bank of Indianapolis (FHLBI)

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Join to apply for the Senior Depository Credit Risk Analyst role at Federal Home Loan Bank of Indianapolis (FHLBI)

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Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!

Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, were a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

But enough about us, lets talk about you!

• Are you looking for a company that views their employees as their greatest asset?
• A company thats dedicated to making a difference in the community? So much so they pay their employees to volunteer?
• Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills / ideas, and employee engagement?

If youve said yes to these questions, then we might be a match!

Here Is What We Offer

• Flexible hybrid workforce model : Onsite three days a week and two days remote. We also offer remote flex days!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match : up to 6% PLUSan additional 4% contribution!
• Tuition reimbursement assistance : To help you continue to develop personally and professionally.
• Student loan repayment assistance : Thats right, we will help you repay outstanding student loans!
• Awesome Benefits Package : Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off : Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• Dress for your day dress code : You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role! Purpose

The Senior Depository Credit Risk Analyst is responsible for performing credit analyses of critical FHLBI depository institution members and assist leading core depository member credit risk processes to help ERM management in formulating decisions to control the risk these members pose to the FHLBI. This includes measuring, monitoring and evaluating call report financial information and staying informed of industry trends, macro-economic implications, and relevant events and performance. Manage, lead and facilitate external interactions with member institutions, regulators and other related third parties as it pertains to credit risk management. Assist in other functions of the Enterprise Risk Management (ERM) department as needed.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities

• Financial Analyses - Perform credit / financial analysis and monitor the financial condition of the FHLBIs depository members and non-member institutions utilizing S&P Market Intelligence / CapIQ, regulatory call reports, SEC filings, business plans, annual reports and confidential regulatory examination reports. Summarize findings in written credit reviews that are used to formulate / support credit decisions and establish / adjust collateral requirements. Responsible for making recommendations to ERM Member Credit management regarding member credit requests, adjustments to members collateral status, member additions / deletions to internal watch and monitoring lists.
• Financial Research & Reporting - Design reports and interpret the output for use by ERM management to assist in their lending, collateral and underwriting risk decisions pertaining to depository members maintaining adherence to FHLBI and regulatory credit risk parameters. On an on-going basis, collaborate with other Bank departments and integrate relevant data into existing or newly created reports. As needed, provide relevant reporting to internal FHLBI departments as well as external parties such as the FHFA and state regulators.
• Member and Third-Party Discussions Participate in discussions with depository members regarding their financial condition. Engage in discussions, as required, with depository member regulators as it pertains to prudent credit risk management. Engage and interact as needed with other third parties such as vendors, FHLB system counterpart and others on depository credit risk related matters.
• Examination Report Requests and Analysis Facilitate the requests for depository examination reports with external federal and state regulators. Review and summarize received examination reports to assist ERM credit management in their lending, collateral and underwriting risk decisions.
• Miscellaneous Duties - Maintain expertise in credit risk analysis, and through the use of news articles, magazines, seminars and training classes, remain current on banking industry events / developments which affect the extension of credit to FHLBI members. Participate on FHLBI internal committees and working groups as assigned. Manage and lead special projects.

Business

Job Knowledge

Technical skills

General

Productivity

Detail-accuracy oriented

Time Management

People

Communication

Management

Position Requirements

• Bachelors degree in Business Administration, Finance, Economics, Accounting or other related field. Advanced degree (Masters level+) in a business field and / or a professional certification (CPA or CFA) and relevant work experience strongly preferred.
• Minimum 5 years experience within the banking industry and an understanding of depository (bank and credit union) call report financial data and the regulatory environment. Depository examination experience / knowledge and / or existing credit risk related experience is required.
• Excellent analytical and communication skills with strict attention to detail. Ability to interact with FHLBI personnel and others outside the Bank.
• Knowledge and ability to use computer tools in analysis of financial data. Specifically, experience using Microsoft Office products such as Word, Excel, and Access is required. Experience in data analysis tools such as Python and Power BI is preferred.
• Ability to work full time and comply with the FHLBIs Hybrid Workforce Model Guidelines.
• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
• Ability to uphold and model the Banks Guiding Principles.
• Must have the ability to work full-time.
• Must have the ability to uphold and model the Banks Guiding Principles.

Hiring Range : $91,000-107,000

Hiring 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.

FHLBank Indianapolis is an Equal Opportunity Employer.

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Banking

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Credit Risk Analyst • Indianapolis, IN, United States