Senior Financial Institution & Policy Analyst (Digital Assets Specialist), TechLab- RBOPS - 23087
- Federal Reserve Board
- Washington, District of Columbia
- Jun 20, 2022
Job Description
DESCRIPTION/RESPONSIBILITIES:
Senior Financial Institution and Policy Analysts work under regular guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the primary contributor and may lead projects and teams and often represent the Section or Division on projects and task forces. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
Position Requirements:
Senior Financial Institution and Policy Analysts 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 programs
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
• Apply appropriate risk management frameworks and policies to support oversight of financial institutions
Position Requirements:
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 4 years of related experience, or a master’s degree in a related field and 3 years of related experience (FR26); a minimum of 5 years of related experience, or master's degree and 4 years of related experience (FR27).
Remarks:
The Federal Reserve Board’s Technology Lab (TechLab) researches and analyzes new technologies broadly relevant to digital currencies and other payment, clearing, and settlement activities. The team conducts hands-on research to further the Division of Reserve Bank Operations and Payment Systems’ understanding of specific technologies, broaden technical expertise across the Federal Reserve Board and Federal Reserve System, and support development of policy views and oversight frameworks for new payments technologies. Additionally, the team contributes to the Federal Reserve System’s fintech and digital innovations experimentation work.
TechLab Financial Institution and Policy Analysts (FIPA) are curious and adaptable subject matter experts on a range of technology-related issues. FIPAs support hands-on technology research and experimentation. Ideally, Analysts have previous professional or academic experience in computer science, software development, or a related technology field. Senior Analysts help to thoughtfully develop and implement the TechLab’s research strategy, oversee the product development of coded research projects, write internal reports and publishable papers, support technology policy analysis, and represent the Federal Reserve in various domestic and international groups, among other responsibilities. Senior Analysts must be strong writers, adaptable multitaskers, and strategic thinkers. All TechLab Analysts must have excellent communication skills to speak effectively to a broad range of stakeholders.
Position requirements include, but are not limited to:
• Ability to understand how specific innovative technology implementations work, such as stablecoins, digital currency technologies, or distributed ledger technologies
• Experience with software application development, preferably in an innovation or research setting
• Ability to simplify complex technical topics into plain language written deliverables for policymakers and the public
• Ability to effectively communicate and collaborate with a variety of subject matter experts, such as engineers, economists, policy analysts, lawyers, and other stakeholders
• Ability to contribute effectively to Agile and Scrum projects and deliverables
Additionally, knowledge of payments, clearing, and settlement technologies is highly desirable, but not required. An understanding of the technology industry, crypto assets, and data analysis is also desirable.
A writing sample is required. An example of previous programming work may be requested.
This role is located in Washington DC and will require on-site presence.
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
- conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
- promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
- promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
- fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
- promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.