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          Limited Series
          Transportation First | State of the Airport

          The Transportation First Series offers a platform to discuss the challenges faced by our region, with the input of experts and changemakers.

          06/12/2025

          2:45pm - 4:30pm

          Hybrid | Greater Boston Chamber of Commerce

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          2025 Government Affairs Forum | Senator Edward J. Markey

          Hear from Senator Edward J. Markey, a consumer champion and leader on energy, environmental protection, and telecommunications policy.

          06/16/2025

          9:45am - 11:00am

          Boston Marriott Long Wharf

          arrow-go
          Read More
        • ...
          Women's Network
          A Fireside Chat with Dr. Melissa Gilliam, Boston University

          This Women's Network event will offer an insightful conversation with Dr. Melissa Gilliam, the 11th President of Boston University and both the first woman and the first Black woman to lead the institution since its founding in 1869.

          06/18/2025

          11:30am - 1:00pm

          Fairmont Copley Plaza

          arrow-go
          Read More
  • Learning & Development
        • Learning & Development

          • Overview
          • Call for Nominations
          • Insights
        • Transformational DEI Certificate

          This program is in redevelopment. Click this page for DEI resources.

          Read More
          Women’s Leadership Program

          Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.

          Read More
          Boston’s Future Leaders

          Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.

          Read More
          Authentic Professionalism for Early Career Professionals

          Join us on June 12 for a highly interactive virtual workshop with Strategic Career & Leadership Coach Carole-Ann Penney.

          Read More
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          Economic Inclusion
          City Awake

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          arrow-go
          Read More
        • ...
          Economic Inclusion
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          arrow-go
          Read More
        • ...
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          Read More
          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

          Read More
          Women’s Network

          For over 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

          Read More
          Massachusetts Apprentice Network

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          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

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Senior Credit & Collateral Risk Analyst & Supervisor

Posted: 06/03/2025
Banking

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.
 
Our highly skilled team of 200 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.
 
Position Summary
As a hands-on Analyst also supervising the work of a small team (2 Analysts), the primary responsibility of this position will be analyzing the Bank’s Credit Risk Models and valuation of Collateral pledged to the Bank to secure advances and other extensions of credit.  This entails conducting credit and market risk analysis of, and reporting on, the Bank’s Credit Models and Collateral Valuation risk, and additional topical research.
 
The senior analyst will gain and deploy working knowledge of all relevant internal and external models and tools used to measure these risks.  The senior analyst is also expected to assist in the development and maintenance of internal code to support credit and collateral analytics.  The senior analyst is expected to have familiarity with the pricing risks of a large range of financial instruments including, but not limited to, debentures, mortgage-backed securities, and various residential and commercial loan products. The senior analyst is also expected to know and reference all internal Credit and Collateral Valuation Procedures and assist in their ongoing development.   
 
Duties related to credit models include, but are not limited to, testing model version upgrades and model validation activities such as benchmarking, back-testing, and updating of loan databases using internally developed applications.  Duties related to Collateral Valuation include, but are not limited to, cashflow pricing analysis, analyzing rate shock scenarios using distribution and rank-order analysis, and referencing prospectus of securities that may be in question.
 
The ideal candidate is a critical thinker, enjoys working on multiple projects that require skills in data research and analytics, and is comfortable performing, supervising others and learning in a hybrid work model. Data is often decentralized, and the candidate must be comfortable with aggregating and handling large data sets and meeting deadlines.  The ideal candidate is an effective communicator, has some people management experience and brings a positive attitude with a desire to learn.
 
This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially, up to 90 days.
 
Specific Responsibilities

  • Supervise and manage a small team of Credit and Collateral Risk Analysts.
  • Maintain and develop internal controls on analytics produced by Credit and Collateral Risk Analysts.
  • Performance monitoring of all Bank internal and external Credit and Valuation Models.
  • Prepare and present periodic reports for review and presentation in Committee packages, Periodic Financial Statements, Federal Housing Finance Agency (FHFA), and/or Office of Finance data requests.
  • Upkeep of Python code related to analytical operations within Credit and Collateral Risk.
  • Liaison to internal and external Model Validators and their review of model governance.
  • Aid in performing initial testing of upgrades to models/tools, including internally developed code.
  • Complete special projects to meet the overall goals and objectives of the Credit Department.  These special projects often require creation of ad hoc reports and narrative of the subject matter using internal and external data.
  • Effectively write or review business memos independently.
  • Other duties as assigned.
 
Knowledge/Skills
  • Working knowledge of fixed income instruments and their valuation.
  • Intermediate skills with Python, SQL, and Power BI.
  • Ability to work within defined time frames to meet internal and external reporting deadlines.
  • Ability to review reports for reasonability, accuracy, and appropriateness.
  • Basic familiarity with machine learning, statistics, and probability theory.
  • Effective communication skills, both written and verbal.
  • Ability to work independently or with a team.
 
Experience
  • 5-7 years of relevant experience in the Financial Services industry with an emphasis on analytics.
  • Current or prior people management or supervisory experience strongly preferred.
  • Experience with Pandas, GeoPandas, SQL Alchemy, YaML, and Requests libraries preferred.
  • Experience with Python machine learning libraries (e.g. SciPy, scikit-learn) is a plus.
  • Ability to create Power BI reports.
  • Ability to perform basic queries with SQL.
  • Experience with models germane to fixed income instrument analysis is preferred.
 
Education
  • A bachelor’s degree in finance, economics, quantitative discipline, or equivalent work experience required.
As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Senior Credit & Collateral Risk Analyst & Supervisor
Federal Home Loan Bank of Boston
Scott Barker
  • 800 Boylston Street, Boston MA 02199
  • (617) 292-9600
  • (617) 292-9645
  • Send Email
  • Visit Website

Additional Postings available from Federal Home Loan Bank of Boston

Commerical Real Estate (CRE) Analyst

Manager, Bank Operations - Transaction Management

(Senior) Financial Strategist

Collateral Analyst

Executive Administrator/Assistant

Accountant I (AP/AR)

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