AVP - Credit & Risk Management
Federal Reserve Bank of Atlanta
CompanyFederal Reserve Bank of AtlantaAs an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.
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.
You will be responsible for the oversight of the Credit and Risk Management Department. Manage financial, operational, and reputational risks arising from critical central bank operations including discount window lending and collateral management, counterparty risk monitoring, payments system risk management, and reserves administration. Provide strategic direction and manage department financial and human resources effectively and efficiently to achieve the organization's mission. You will report to the VP, Central Bank Services.
We are a hybrid work environment.
Travel: Some required
Manage financial, operational, and reputational risks arising from critical central bank operations such as discount window lending, reserves administration, and application of payments system risk controls.
Make credit and collateral decisions within guidelines established by the Discount Committee of the Reserve Bank, and institute appropriate service level controls for problem financial institutions.
Provide strategic direction and leadership to the Credit & Risk Management (CRM) Department, which is charged with managing the financial and reputation risks associated with extensions of central bank credit and closely monitor all Reserve Bank counterparties and implement controls to limit risk to the Bank and the payments system.
Communicate with financial institution management, Board of Governors senior staff, local executive management, counterparts from other Federal Reserve Banks, and senior officials at other regulatory agencies to share information and analysis involving credit and payments system risk management
Represent the Reserve Bank as the Discount Officer, Reserves Officer, and primary member of the Committee on Reserves Administration (CORA).
Responsible for coordinating Discount Committee meetings and ad hoc updates to the Committee as well as serve as the Committee secretary.
Maintain a solid understanding of the regulations and policy statements that govern the Federal Reserve’s lending, reserves, and payments system risk management activities.
Perform personnel management functions such as hiring, staff development counseling, employee performance appraisals, compensation decisions, and other personnel actions.
Maintain responsibility for the collateral valuation and credit review functions performed by the Reserve Bank as a fiscal agent for the U.S. Treasury.
Key requirements for this role include:
Demonstrate Strategic Vision
Experience leading an operations-based environment highly desired
Create an inclusive culture that seeks and promotes diverse views and perspectives
Maintain strong working relationships with senior leaders within the Bank and Federal Reserve System as well as with institution management, and colleagues at other governmental agencies
Knowledge of and/or willingness to learn Credit and Risk Management function
Strong strategic mindset with the ability to develop strategic plans in a complex business environment while identifying the need for and manage change to realize operational and strategic business improvements
Proven experience leading System-wide committees, projects and/or initiatives required
Experience and/or solid understanding of Banking, Supervision, and FRS faster payments initiatives highly desired
Strong understanding of Information Technology, data management strategies and related processes and methodologies preferred
Contacts required for this role may include:
External: Government Financial Institutions
Internal: Sixth District Executives Other FRB District Executives Senior staff at Board of Governors (not individual governors) and Community/Business Leaders
Communicate Effectively and Display Interpersonal Savvy
Demonstrate Decision Quality
Develop and Engage Talent
Reflect a Strategic Mindset
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
The Federal Reserve Bank of Atlanta is an equal opportunity employer.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.