Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
This is a pipeline posting requisition for vacancies in the FMI Oversight, FMI Risk & Policy, Financial Risk Management, Retail Payment, and Fiscal Agency sections.
The Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders.
Financial Institution and Policy Analysts perform the following responsibilities under regular supervision:
- Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
- Assist senior staff by providing support, information or analysis
- Prepare and deliver clear, accurate and concise communication orally and in writing
- Share information and ideas regarding projects and work for Section/Project Teams/Division or external stakeholders
- Perform assigned project tasks and lead well-defined tasks within a project
- Support Section or Division in areas of expertise
- Begin to develop areas of expertise
Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:
Examination and Supervision
- Participate in and/or lead examinations and reviews
- Support and implement supervision and/or oversight policies and programs
- Helps to interpret and/or implement policy, regulation, and/or guidance
- Participate in drafting policy recommendations supported by logical reasoning and sound analysis
- Helps to identify and analyze emerging risks in financial institutions and markets
- Apply appropriate risk management frameworks and policies to support oversight of financial institutions
- Supports in producing charts, graphs, and other visuals to help analyze data
- Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
- Helps identify data that can be used to analyze policy
Reserve Bank Operations and Payment Systems (RBOPS):
- Supports in performing analysis of financial data and information in support of Division/Section's area of responsibility
- Clearly present analyses of financial/regulatory data
- Helps identify relevant issues and trends and draw conclusions through analysis of financial data
Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to moderately complex projects involving Federal Reserve Banks’ policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks’ management.
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 2 years of related experience, or a master’s degree in a related field and 1 year of related experience.
Must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance:
Data Collection & Analysis:
The ability to collect and analyze quantitative and qualitative data
The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
The ability to utilize risk management principles to evaluate and mitigate potential risks
Reviews and Examinations:
The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions
Knowledge of Financial Markets and Institutions:
The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.
Knowledge of Relevant Policy:
The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility
Knowledge of Relevant Law and Regulation:
The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations
Financial Institution and Policy Analysts are employed in multiple sections within the division with varying subject matter and specific responsibilities. Financial services analysts will perform qualitative and quantitative analysis in support of the Board’s responsibilities and policy objectives. The successful candidate will demonstrate, critical thinking skills, excellent written and oral communications skills, and the ability to use sound judgement, assimilate new information quickly, analyze complex problems, and take initiative. Financial services analysts will contribute to oversight of Reserve Banks and/or private sector firms, including participating on reviews or examinations, assessing new initiatives, and conducting ongoing monitoring. Analysts will contribute to policy and regulatory processes by assessing Reserve Bank and/or private sector firm consistency with current policy and regulation, identifying novel issues and emerging risks, and providing expertise to support changes to policy or regulation. Analysts will develop in-depth subject matter expertise on payment, clearing, and settlement systems and services; financial markets; risk management standards and concepts; payments policies, laws, and regulations; and/or larger financial system linkages and financial stability. Previous knowledge of one or more of these topics, or experience in financial markets, banking, financial institution supervision, or operations is preferred. The position will include extensive interaction with Reserve Bank and Board staff and officials, and may also include interaction with other domestic and international regulatory staff. Analysts produce written materials for a variety of audiences. Experience with statistical analysis and data presentation software would be beneficial.
US Citizenship is required
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.