Climate Analyst - Division of Supervision and Regulation - 22919

DESCRIPTION/RESPONSIBILITIES:
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.

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

REQUIRED SKILLS:
Position Qualifications: A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master’s degree in a related field and 4 years of related experience (FR-27) or 6 years of related experience, or a master's degree in a related field and 5 years of realted experience (FR-28).

Must be able to immediately contribute to the success of work requiring the following competencies, and be able to serve as advisors to provide insight in their application:
• Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data
• Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
• Risk Management: 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 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

Remarks:
The Climate Analyst will join the Climate Policy team to lead and coordinate complex analytical projects to understand and assess the potential implications of climate risks for supervised institutions.  In this role, the Climate Analyst will develop innovative methods for mapping and measuring bank exposures to physical and transition risks, and play a leading role in analyzing transmission channels of climate risks to the banking sector, developing measurement methodologies and resolving data gaps and challenges.

About the Team
The Climate Policy team supports the Supervision Climate Committee (SCC) in building the Federal Reserve’s capacity to understand the potential implications of climate change for financial institutions. The SCC is responsible for analyzing the impact of climate change on banking institutions, identifying appropriate policy responses and developing a supervisory program to ensure banking institutions appropriately incorporate the financial risks of climate change into their risk management frameworks. The Climate Policy team works closely with the SCC Chair to implement the Committee’s objectives and workplan, as directed by the Board of Governors.  

Specific responsibilities:
• Lead in-depth quantitative and qualitative analyses to support policy development and staff recommendations related to supervision and regulation of climate-related financial risks.
• Analyze and prepare written memoranda or research on climate-related issues supported by logical reasoning and sound analysis.
• Actively monitor market, regulatory and legislative developments via publicly-available resources and self-directed research.
• Actively seek opportunities to collaborate with Supervision and Regulation colleagues, different Divisions within the Board of Governors, and subject matter experts throughout the Federal Reserve System in evaluating the financial risks of climate change.
• Represent the Board of Governors on international work groups assessing the implications of climate-related risks on the financial sector.
• Create strong internal and external networks; explicitly seek to understand and support the objectives of colleagues, incorporate effective reflection of policy views in new policy and recommendations.

Desired skillsets:
• Strong quantitative skills, including programming and data science. Experience in developing financial and econometric models as well as relevant models, empirical methods and data used to assess the financial risks of climate change is preferred.
• Ability to distill complex information, identify appropriate options or solutions, evaluate potential implications of a given approach, and communicate technical issues to a non-technical audience.
• Knowledge of climate-related risks, potential implications of climate change for the macroeconomy or financial sector, or approaches to identifying, measuring, monitoring and managing the financial risks of climate change.
• Previous experience with financial risk modeling, risk measurement and management, including supervisory standards for effective stress testing, model risk management or capital management is preferred.
• Ability to collaborate, develop rapport and credibility with a variety of stakeholders at the Board, other U.S. financial regulatory agencies and foreign central banks/supervisory authorities.
• Experience working in or with central banks, regulatory or supervisory authorities or financial institutions is a plus.
• Demonstrated ability to lead complex analytical projects and synthesize results to inform policy decisions.
• Demonstrated ability to balance multiple priorities and meet tight deadlines within a fast-paced environment.
• Relevant knowledge regarding finance, financial institutions, bank regulation, and economic trends.
 
Candidates may be asked to complete an analytical exercise as part of the interview process.

This is a hybrid role based in DC with an on-site expectation based on a cadence to be defined.

Full vaccination is required as a condition of employment, unless a legally required exception applies.