Federal Reserve Bank of Chicago

Position Title/Short Description

Full Text of JOE Listing:

The Federal Reserve Bank of Chicago is seeking applicants for a Regulatory Policy Economist position in our Supervision and Regulation Department.

Overview
The Wholesale Credit Risk Center, housed within Supervision and Regulation, plays a critical role in the Federal Reserve System’s core mission of maintaining a healthy financial system. The Federal Reserve is mandated to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. Recently, this has seen us take a more macro-prudential approach to banking supervision. To this end, the WCRC collects and analyzes portfolio risk data, provides a horizontal perspective of wholesale credit risk management practices and supports supervision of capital adequacy and stress testing for wholesale credit exposures.

Duties
• Developing and implementing supervisory models around wholesale credit
• Supporting Federal Reserve System initiatives related to Dodd Frank Act (DFAST) and Comprehensive Capital Assessment Review (CCAR) stress testing exercises
• Developing credit portfolio analytics and conducting empirically-based studies to support the assessment of risk in wholesale lending activities of large bank holding companies

Requirements
• Applicants must be U.S. Citizens or permanent residents with the intent to become U.S. Citizens
• Up to %25 travel is required