DESCRIPTION/RESPONSIBILITIES:
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.
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:
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 titutions
REQUIRED SKILLS:
Position Qualifications: 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.(FR-24) or a minimum of 3 years of related experience, or a master’s degree in a related field and 2 years of related experience (FR-25).
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
• 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 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 responsiblity; evaluate the impact of changes in law and/or regulations
Remarks:
• Familiarity with general banking or finance concepts, particularly as it relates to risk management strategies in the areas of Credit and Market & Liquidity Risks.
• Ability to capture/manipulate/analyze data and conduct data analysis as directed. Experience with Excel, data visualization, R/Python, SQL, or BI tools is preferred.
• Ability to learn new concepts quickly, apply critical thinking to identify new trends, uncover and synthesize connections, extract actionable insights, and communicate findings.
• Strong communication skills, including the ability to switch between addressing highly technical points with other analysts vs. providing clear, high-level explanations verbally and in writing for decision makers
• Ability to jump in on new assignments quickly, ask meaningful questions, demonstrate intellectual curiosity, resourcefulness, and good judgment. Ability to work independently and self-disciplined on assignments
Full vaccination for COVID-19 is required as a condition of employment, unless a legally required exception applies.
Full-time telework will not be accommodated.
Due to restrictions associated with the Covid-19 pandemic, travel expectations for this role have reduced significantly. The long-term travel requirements for this position are currently under review.
The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve