MPF Credit Risk Analyst (Senior)

MPF Credit Risk Analyst (Senior)

  • Full Time
  • Boston, MA
  • This position has been filled

Website Federal Home Loan Bank of Boston

Position Summary

The Credit Risk Analyst supports the Mortgage Partnership Finance© (MPF) Credit Risk Manager to ensure the credit risk assumed by the Bank due to its acquisitions of residential mortgage loans is effectively identified, measured, monitored, and controlled. The analyst will monitor and analyze the activities of Participating Financial Institutions (“PFIs”), which includes reviewing the quality of loans purchased by the Bank as well as monitoring servicing metrics. The analyst will conduct supplemental quality control reviews, which includes re-underwriting loan files and examining servicing activities. The analyst will also conduct oversight of delinquent loans, loans in loss mitigation and REO. The analyst is also expected to know and reference all internal MPF Credit Procedures and assist in their ongoing development. For the Senior Analyst title, there is an expectation of running the MPF portfolio through credit risk models to analyze and present results.

The ideal candidate is a critical thinker who can work independently and can support shifting priorities.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.

Specific Responsibilities

Conduct PFI monitoring, including identifying sellers and servicers for supplemental quality control reviews, conducting the reviews (inclusive of loan review and servicing activity review), identifying trends related to quality control and identifying training opportunities for PFIs.
Monitor servicer delinquency levels, work with servicers to accurately report delinquencies and loans subject to loss mitigation and contact servicers to track aged delinquencies. Review delinquency trends monthly, identify opportunities and conduct training for servicers.
Assist in the preparation of the monthly Credit Committee meeting package, including producing reports related to delinquency management and quality control trends. 
Evaluate members for participation or reactivation in the MPF program, which includes reviewing their policies and procedures, financial condition, portfolio performance and make a recommendation for approval.
Approve PFIs for ongoing participation in the MPF program through the Annual Eligibility Certification, which includes reviewing their quality control results and insurance documentation.
Act as a back-up for all MPF-related Credit reporting. A Senior Analyst would be expected to take over most reporting once trained.
Work closely with others on special projects undertaken to meet the overall goals and objectives of the Credit Department.
Other duties, as assigned.
Other Senior Analyst duties:

· Run the MPF portfolio through credit risk models, compile and analyze results to ensure compliance with regulatory requirements.

· Participate in both system-wide meetings and internal committee meetings.


An analytical mindset with the interest in and ability to distill financial and other quantitative and qualitative information to reach conclusions. Desire to consistently improve one’s analytical capabilities and knowledge base. A Senior Analyst must be familiar with credit risk models, including the ability to run a batch process and interpret and report results.  
Ability to communicate effectively, both orally and in writing, with a wide range of audiences. A Senior Analyst will engage with senior management at the Bank, with other Bank Departments and with other Federal Home Loan Banks.
High level of proficiency in MS Excel. Proficiency with formulas, manipulating data from multiple sources, queries, VLOOKUPs, pivot tables. Knowledge of SQL and/or python a plus. A Senior Analyst must be able to produce clear and detailed analysis.
Solid knowledge and understanding of underwriting and servicing residential mortgage loans, including analysis and evaluation of the performance of assets purchased by the Bank, taking into consideration Bank and secondary mortgage market standards. A Senior Analyst must be familiar with asset valuation and appraisal techniques and procedures, and with industry-standard credit risk management practices for residential mortgage loans.
Must be able to write concise and informative reports that convey the key information supporting conclusions, and as well effectively present conclusions and/or recommendations.
Must be comfortable working independently and taking initiative when necessary.

A degree with a concentration in finance, accounting or economics or directly related equivalent work experience is required.
Ideally 3 – 5 years of underwriting and/or servicing experience. A Senior Analyst is expected to have at least 5 to 7+ years of this experience.