Credit and Financial Analyst II

Credit and Financial Analyst II

General Summary:

Assists
in assessing, monitoring, measuring, analyzing, validating, and reporting on
credit risk activities related to the Bank's Advance program, investment
activities, the Mortgage Purchase Program, and the Vendor Management Program. Prepares moderately complex analyses of the
financial strength and performance of all credit related counterparties of FHLB
of Cincinnati, including but not limited to, banks, broker-dealers, credit
unions, community development financial institutions, future commission
merchants, resale, unsecured Treasury counterparties, and vendors, to measure
and stratify the level of credit risk exposure created by extending credit to
an institution or counterparty. Prepares
analytical and statistical reports reflecting the above analyses. Assists in maintaining and validating
statistical databases used in the financial analysis process.

Principal Duties and
Responsibilities:

• Prepares periodic moderately complex narrative financial analyses of Member institutions as well as vendors, and foreign and domestic unsecured counterparties detailing both quantitative and qualitative factors in support of an assigned risk rating conclusion.
• Develops and prepares reports and analyses of industry and District financial trends.
• Uses vendor software and other third party provided data to develop and monitor targeted institutions and peer group statistics.
• Shares responsibility for preparing analyses of "special purpose" counterparties, mortgage insurance companies, housing finance agencies, broker-dealers and high-risk vendors.
• Assists in preparing internal management reports detailing high risk members and counterparties (Watchlist), and risk surveillance reports for monitoring member and non-member performance trends and emerging issues.
• Processes updates to financial condition and performance data in internal systems/applications, as well as factors reliant on this data (regulatory financial data, collateral statuses, ratings, etc.).
• Reviews and/or validates the accuracy of member financial statistics used in underwriting decisions and the Bank's credit rating process.Prepares analyses of potential Member Affiliate Collateral Program participants, and performs on-going reviews and documentation of program eligibility.
• Performs eligibility evaluations of bond investments pledged by members.
• Maintains professional knowledge of financial analysis techniques used in evaluating the financial strength and performance of various types of financial institutions, including commercial banks, community development financial institutions, credit unions, and insurance companies.
• Performs intermediate to moderately complex targeted and portfolio level reviews/monitoring of key credit risk exposures, decisions, and strategies.Assists in the production of reports and presentations that outline findings, explains risk positions, or recommends changes/improvements.
• Provides relevant oversight and advisory services to help ensure credit risk exposure is optimized and performs updates to credit risk-related policies and practices as appropriate.
• Performs above duties as well as others assigned by management.

Minimum Knowledge,
Skills and Abilities Required:

• Knowledge at a level normally acquired through the completion of a Bachelor's Degree in Business Administration, Banking, Finance, Accounting or related field of study.
• Three years of experience as a financial analyst, especially credit analysis involving evaluation of the credit worthiness of banks, credit unions and/or insurance companies.Prior experience at a rating agency, as a financial industry consultant, or as an examiner for a regulatory agency is beneficial.
• Effective communication skills, both written and verbal. Ability to adapt communication style to suit the intended audience while interacting with Bank staff and external contacts in a professional manner. Ability to handle sensitive information and continually demonstrate tact and diplomacy.
• Ability to work independently and prioritize work assignments.Ability to research, identify and implement solutions to a variety of administrative problems.Analytical skills necessary to develop factual reports or summaries through data gathering, interpretation and compilation of financial results while maintaining a high degree of accuracy.
• Demonstrated proficiency with a personal computer, including a working knowledge of application software.Intermediate skills in the use of Word and the ability to build moderately complicated formulas in Excel to compile data for analysis purposes.
• Demonstrates a commitment to diversity and inclusion (D&I). Promotes an environment of empathy and respect, ensures the inclusion of all team members, and actively engages in D&I events and learning opportunities.
  

Working Conditions:

Flexibility
to work outside normal business hours if required to complete time sensitive
projects.

Notation: This
position has been identified as "high risk" as outlined in the Bank's
Background Check policy. Individuals
occupying this position will be required to submit to a background check
biennially. Such repeat background
check(s) are considered a "condition of continued employment".