Position Description
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
6
Summary
Senior Financial Institution and Policy Analysts work under limited guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the project or team leader for Section, Division, Board, or system initiatives. May also serve as Board liaison or representative in consulting/collaborating with domestic agencies, international authorities, and/or standard-setting bodies. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Act as recognized domain experts within the Division. Some travel is required.
Duties And Responsibilities
- Senior Financial Institution and Policy Analysts perform the following responsibilities with limited guidance:
- Lead and perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
- Prepare and deliver clear, accurate and concise communication orally and in writing
- Serve as Board liaisons or representatives in consulting/collaborating with domestic agencies/international authorities/standard-setting bodies
- Serve as project or team leaders for Section, Division, Board, or system initiatives
- Provide guidance and mentorship to new or junior staff
- Contribute to and advise on discussions and analyses across the Board
- Act as the recognized domain expert within Division
- Senior 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:
- Data Analysis
- Lead production of charts, graphs, and other visuals to help analyze data
- Identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
- Identify data that can be used to analyze policy
- Examination and Supervision
- Lead examinations and reviews
- Implement supervision and/or oversight policies and/or programs
- Financial Analysis
- Lead analyses of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
- Clearly present analyses of financial, regulatory, and compliance data
- Identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data
- Policy
- Interpret and/or implement policy, regulation, and/or guidance
- Draft and review policy recommendations supported by logical reasoning and sound analysis
- Risk Management
- Identify and analyze emerging risks in financial institutions and markets, and/or for consumers and communities
- Apply appropriate risk management frameworks and policies to support oversight of financial institutions
- Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.
- Monetary Affairs (MA): Senior Financial Institution and Policy Analysts develop and design analyses with limited guidance while working with and possibly leading counterparts throughout the Board to execute the Division’s responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.
- Reserve Bank Operations and Payment Systems (RBOPS): Senior Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and highly 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, in a manner that involves working independently without direct engagement of Board official staff. 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.
- Supervision and Regulation (S&R): Senior Financial Institution and Policy Analysts perform in-depth analyses related to banking supervisory or regulatory activities involving complex and sensitive issues. They participate fully in, and may conduct, special studies or projects related to financial institution supervision and regulation and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.
Position Requirements
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 6 years of related experience, or a master’s degree in a related field and 4 years of related experience (FR-27) or A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 8 years of related experience, or a master’s degree in a related field and 6 years of related experience (FR-28).
REMARKS
The Coordinated Portfolio Activities section oversees, leads and coordinates horizontal examination activities (horizontal reviews) relating to the supervision of large and foreign banking organizations (LFBOs). These examinations may include thirty or more large financial institutions and involve hundreds of supervision staff. Annual LFBO horizontal reviews include the Horizontal Cybersecurity Review, Horizontal Liquidity Review, and Horizontal Capital Review.
The selected candidate will be responsible for collaborating with Federal Reserve Board and Federal Reserve System supervision staff to participate in and lead coordinated and horizontal reviews for the LFBO portfolio (including design, execution, analysis and presentation of examination results for the LFBOs that the Federal Reserve supervises). The successful candidate will also contribute to relevant policy development. This position may focus primarily on horizontal examinations related to financial risks (credit, market, liquidity, etc.) and capital planning, or operational risks (cybersecurity, operational resilience, etc.). Candidates with strong qualifications related to either financial or non-financial risks are encouraged to apply.
The Ideal Candidate Will Have
- Significant bank examination experience, commissioned examiner preferred
- Relevant industry credentials (CPA, CISSP, CISA, CFA, or FRM, for example)
- Governance, internal controls, financial analysis and risk management assessment skills
- Excellent organizational skills
- Outstanding verbal and written communication skills
- A proven ability to collaborate well with key stakeholders at all levels of the organization
A writing sample or assessment may be requested.
Travel: 10-20%
Hybrid language: This position is located in Washington DC and will require on-site presence 4 times per month and as business needs require
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Relocation Provided
Yes
Compensation Grade Low
FR PAY GRADE 27
Compensation Grade High
28
Minimum Salary
$134,900.00
Maximum Salary
$266,500.00
Posting Date
Nov 26, 2024
