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Senior Member Credit Analyst

Posted: 05/05/2026
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 400 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 400 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 225 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
 
The Senior Member Credit Analyst (the Analyst) is responsible for monitoring and assessing the financial condition of the Bank’s member institutions. The Analyst also participates in the credit underwriting process by reviewing credit requests and ensuring that such requests are compliant with the Bank’s risk guidelines. In addition, the Analyst produces routine or ad-hoc credit reports and supports broader sector credit reviews.
 
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.
 
Anticipated Pay Range
 
The anticipated base pay range for this role is $97,750 - $149,500
 
This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.
 
All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.
 
For more information, visit Careers - FHLBank Boston
 
Specific Responsibilities

  • Assess the financial condition of member institutions and prospect members by preparing compressive credit reviews. The Analyst will initially focus on reviews of member banks and credit unions and, over time, will be involved in analyzing less complex insurance members.
  • Monitor member and market trends and developments and communicate key themes to internal stakeholders.
  • Participate in or lead due diligence calls with senior management of member institutions.
  • Present credit recommendations to the Bank’s Credit Committee.
  • Review and approve credit requests, ensuring compliance with the Bank’s guidelines.
  • Run member and industry financial data through the Bank’s credit models; perform back-testing and benchmarking to assess model performance.
  • Assist in the preparation of the monthly Credit Committee meeting package, including the production of reports related to the financial condition of the membership, and support the compilation of meeting minutes.
  • Work closely with other team members on special projects undertaken to support the overall goals and objectives of the Credit Department.
  • Stay informed of regulatory and reporting changes issued by member regulators, including updates to quarterly call report requirements.
  • Perform other duties as assigned.
 
Education
  • Bachelor’s degree with a concentration in finance, accounting or economics or directly related equivalent work experience required.
 
Experience
  • Minimum of 4 years of financial analysis experience, with a focus on depository institutions and preferably insurance companies. 
Knowledge/Skills
  • Experience as a credit analyst covering financial institutions, and preferably insurance companies, including familiarity with key regulatory and accounting considerations, core financial drivers, credit metrics, and related risk issues. Ability to apply financial expertise to practical, real-world analyses.
  • Ability to write concise, well-structured credit reports that clearly convey the information supporting conclusions, and to effectively present conclusions and/or recommendations.
  • Demonstrated ability to assess the relative importance of key credit metrics and other relevant financial and qualitative factors, with a desire to continuously enhance analytical skills and subject-matter knowledge.
  • High level of proficiency in Microsoft Excel, including advanced formulas, data manipulation from multiple sources, queries, pivot tables, etc. Experience with S&P CapIQ (SNL) Data Wizard is a plus; familiarity with Power BI is helpful.
  • Ability to communicate clearly and effectively, both verbally and in writing, with senior management of member institutions and internal stakeholders across the Bank.
  • Demonstrated confidence, initiative, and ability to complete assignments independently and in a timely manner.
  • Proven ability to work effectively in a collaborative team environment.
  • High degree of integrity and personal ethics, with a willingness to perform duties in accordance with company and departmental policies and procedures.
 
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.

Applications are being accepted on the Careers page of our website: www.fhlbboston.com
 
 

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

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