Federal Reserve Bank Analyst (S,R&C) in Boston, Massachusetts


Job Summary:

The Statistics/Financial Reports Group is responsible for collecting and analyzing financial data from a variety of institutions, including banks, thrifts, credit unions, and holding companies, to ensure that the reported data are "reasonable" because of the critical nature in which the data are used. Data from this unit also are used to develop surveillance models, which examiners and other analysts use to determine the financial condition of banking institutions. Additional data collections target particular segments of the banking industry, such as business loans, credit card lending, and consumer installment loans.

The Statistics Unit has an opening for an Analyst. This individual will be responsible for performing a wide array of financial and business analyses concerning the firm’s regulatory data. The Analyst is also responsible for analyzing and assessing compliance with regulatory reporting standards; and reviewing financial transactions undertaken by the firm to assess consistency with regulatory standards. The Analyst will have a curiosity about data and an analytical thought process that leverages tools to analyze data and collaborate with Federal Reserve System peers, management, and external groups.

Principal Responsibilities:

  • Deliver with little oversight, timely, regular financial and business analysis. Highlight data issues for further analysis/research and initiate inquiries.
  • Build and maintain effective working relationships with institution’s financial management team and Board analysts. Collaborate with other department units and other Reserve Bank supervisory teams in support of department and System requests/projects requiring data collection and analysis.
  • Partner with colleagues on the review and examination of regulatory reporting for a variety of institutions.
  • Identify emerging issues and their potential impact to the operating performance of the organization and resultant impact on regulatory reporting.
  • Collaborate and contribute to Federal Reserve System and FRB Boston workgroups and programs that support strategic initiatives.
  • Research and provide input into potential changes to key accounting rules, laws and regulations, and supervisory policies and adequately evaluate their relevance to institutions.

Key Competencies:

  • Ability to independently synthesize multiple sources of information to produce well-supported and persuasive analyses and inquiries based upon advanced concepts.
  • Familiarity with financial statements and related reporting processes.
  • Ability to research and understand impacts of regulatory and supervisory changes to institutions
  • Strong to advanced skills in MS Office.
  • Strong written and oral communication skills
  • Dedication to advancing and supporting diversity and inclusion efforts, and encouraging diverse perspectives, ideas and approaches.

Other Accountabilities:

Perform other duties as assigned. Ability to travel (up to 20%) required.

Knowledge and Experience:

Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor’s degree (Master’s degree strongly preferred) plus a minimum of 2 years of job related experience.

This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

As a condition of employment, Federal Reserve Bank of Boston employees must comply with ethics rules which generally prohibit employees, their spouses, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of employment, you should raise this issue with the recruiter for this posting, who can provide you contact information if necessary

All employees who are assigned to this position will be subject to credit, FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. Successful internal posting candidates will also be subject to credit re-screening before transferring.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Organization: *Federal Reserve Bank of Boston

Title: Analyst (S,R&C)

Location: MA-Boston

Requisition ID: 256398