Credit Support Specialist

Federal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco public servants with a mission to advance the nation's monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation's central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.

Do you like collaborating and being part of an outstanding team? We have an opportunity in Credit Risk Management (CRM) on the Credit Support (CS) Team. CRM is responsible for the administration of overnight and daylight credit to Depository Institutions (DIs) in the Twelfth District through our Discount Window, Payment Systems Risk (PSR), Credit Support, Credit Review and Condition Monitoring functions. As a Credit Support Specialist, you will be responsible for tasks pertaining to the Collateral Management, Discount Window, and PSR functions.

Our ideal candidate is a highly conscientious, organized and detail-oriented individual who takes pride in producing high quality work in a timely manner. You are able to manage a wide variety of tasks and prioritize what needs doing first throughout your day. You have exceptional interpersonal skills and feel comfortable interacting with people at all levels (team members to senior leaders). If you are interested applying your time and talent in a mission driven organization where you can grow your career, the Fed could be the place for you!

Essential Responsibilities :

• Review Depository Institution (DI) legal agreements and collateral transactions with high levels of accuracy.
• Perform daily tasks including start / end-of-day processes, general ledger verification, and checking data to ensure thoroughness and completion of all records.
• Reconcile daily collateral transaction reports including compiling closing files for sign-off by management.
• Perform monthly securities reconciliation.
• Counsel Depository Institutions (DIs) for Daylight and Overnight overdrafts, assess charges when appropriate, and assist DIs with account management inquiries.
• Accept requests for Discount Window advances in accordance with department and system policies and procedures.
• Manage loan collateral pledge files submitted by DIs for the BIC program.
• File Uniform Commercial Code (UCC) financial statements.
• Update and maintain procedures through collaboration with team members and by conducting process analysis to identify gaps and barriers.
• Assist with Records management.
• Prepare reports for Reserve Bank senior management and executives through data analysis.
• Participate in cross-functional team initiatives and projects across the Department, District, and Federal Reserve System.
• Perform other duties as assigned.

Requirements :

Base Salary Range : Min : $79,600 Mid : $103,300 Max : $127,200 (Location : San Francisco)

Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and alignment with geographic and other market data.