Position Description
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
3
Summary
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.
Duties And Responsibilities
- Financial Institution and Policy Analysts perform the following responsibilities under limited 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:
- Data Analysis
- 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
- Examination and Supervision
- Participate in and/or lead examinations and/or reviews
- Support and implement supervision and/or oversight policies and programs
- Financial Analysis
- Supports in performing analysis 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
- Helps identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data
- Policy
- Helps to interpret and/or implement policy, regulation, and/or guidance
- Participate in drafting policy recommendations supported by logical reasoning and sound analysis
- Risk Management
- Helps to 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): Financial Institution and Policy Analysts conduct their duties while working with 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): 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.
- Supervision and Regulation (S&R): Financial Institution and Policy Analysts perform analyses related to banking supervisory or regulatory activities. They may participate in 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
Position requirements:
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience, or a master’s degree in a related field and 1 year of related experience at the FR-24 grade level. An understanding and familiarity with at least three of the following is desirable but not required: microeconomics, project management, enterprise risk management, operational risk management, application of information technology, statistics, product development/pricing theory, payments law and regulations, or retail payment systems. Master’s degree (MS, MA, MBA, MPA, JD) in finance, economics, public policy, law, or related field preferred.
Remarks
The Retail Payments section provides policy leadership, retail payments expertise, and oversight of relevant Reserve Bank operations in support of the Federal Reserve System's objective to promote the safety and efficiency of the payment system. The Financial Institution and Policy Analyst oversees operations of, and policies and products associated with, the Federal Reserve Banks’ retail payment services (including ACH and check payments, FedNow, customer service, and the network for accessing these services). Oversight and policy topics include product and pricing, strategy, resiliency, risk management, governance, information systems management, and how the services should evolve in the short- and long-run to improve the safety and efficiency of the U.S. payments system and to compete effectively, as required by the Monetary Control Act. The Financial Institution and Policy Analyst also studies and monitors developments in retail payments and contributes to the development and implementation of policy, regulations, and research related to existing and emerging retail payments topics. Topics include check, ACH, instant payments, debit and credit cards, cross-border payments, digital innovations (such as distributed ledger technology, central bank digital currencies, and stablecoins), mobile payments, payment security, and payments fraud.
The candidate should possess strong analytical skills, excellent written and oral communication skills, and be capable of effectively communicating with team members, senior management, and stakeholders. The candidate should be able to work independently and in a team environment and should be capable of effectively managing and prioritizing multiple assigned responsibilities.
Some travel required.
Writing sample may be requested.
- U.S. citizenship required.
- This position is located in Washington DC and will require onsite presence. Employees are expected to spend a minimum of 6 days per month onsite and as business needs require. Relocation assistance is available.
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Work Shift
1st Shift
Relocation Provided
Yes
Compensation Grade Low
FR PAY GRADE 24
Compensation Grade High
FR PAY GRADE 24
Minimum Salary
$92,800.00
Maximum Salary
$142,400.00
Posting Date
Dec 1, 2024
