Senior Financial Institution Policy Analyst, Financial Risk Management - Reserve Bank Operations & Payment Systems - R024138

　　Primary Location : DC-Washington

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　　Employee Status : Regular

　　Overtime Status : Exempt

　　Job Type : Standard

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　　Relocation Provided: : Yes

　　Compensation Grade Low: : FR PAY GRADE 27

　　Compensation Grade High: : FR PAY GRADE 28

　　Minimum Salary: : $134,900.00

　　Maximum Salary: : $266,500.00

　　Posting Date : Jan 19, 2024

　　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 objectivesPrepare and deliver clear, accurate and concise communication orally and in writingServe as Board liaisons or representatives in consulting/collaborating with domestic agencies/international authorities/standard-setting bodiesServe as project or team leaders for Section, Division, Board, or system initiativesProvide guidance and mentorship to new or junior staffContribute to and advise on discussions and analyses across the BoardAct as the recognized domain expert within DivisionSenior 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 policyExamination and Supervision

　　• Lead examinations and reviews

　　• Implement supervision and/or oversight policies and/or programsFinancial 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 analysisRisk 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 institutionsConsumer 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

　　Position requirements: A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and for FR-27, a minimum of 6 years of related experience, or a master’s degree in a related field and 4 years of related experience, and for the FR-28, a minimum of 8 years of related experience, or a master’s degree in a related field and 6 years of related experience.

　　The Financial Risk Management Section is responsible for assessing credit, liquidity, market, and operational risks in Reserve Bank credit programs. The section oversees the extension of intraday credit by Reserve Banks and the ongoing management of the emergency liquidity facilities.

　　An understanding and familiarity with at least three of the following is desirable but not required:

　　Risk Management: The ability to evaluate and mitigate potential risks.

　　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 responsibility; evaluate the impact of changes in law and/or regulations.

　　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 learn and apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.

　　Financial Analysis: The ability to conduct analyses to identify patterns, trends, or themes in financial or operational data.

　　Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data.

　　REMARKS:

　　Experience in and/or knowledge of financial markets, fixed income securities trading and valuation, repurchase agreements, and/or collateral operations desired.

　　Proven financial analysis capabilities and knowledge of various types of risk (including operational, credit, market) and risk mitigation concepts, including collateralization, margins, and counterparty credit risk analysis, is valuable.

　　The candidate should possess strong analytical skills, excellent written and oral communication skills. The candidate should be capable of effectively communicating with team members, senior management, and influence stakeholders of various levels of seniority and across disciplines.

　　The candidate will join a team of experienced analysts to conduct complex analyses and evaluate initiatives for Reserve Bank operations. Contributes to team culture with focus on continuous development, collaboration, equity and inclusion.

　　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.

　　A writing sample may be requested.

　　*This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite. Relocation assistance is available. U.S. citizenship required.

　　We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

　　Req ID: R024138