Financial Institution & Policy Analyst - Reserve Bank Operations & Payment Systems

Federal Reserve Board Of Governors - Washington, DC

Full-time

Onsite - Washington, DC

About the position

This requisition is not an actual job vacancy but serves to establish a pipeline of interested individuals for future opportunities at the Federal Reserve Board of Governors. Specifically, it is aimed at creating a pool of candidates for Financial Institution & Policy Analyst (FIPA) openings in the Division of Reserve Bank Operations and Payment Systems (RBOPS). Candidates may be contacted at any time through 2024 with more details about specific team vacancies. Financial Institution and Policy Analysts (FIPAs) may play many roles related to their jobs, which encompass a variety of responsibilities. They are tasked with data analysis, where they support the production of charts, graphs, and other visuals to help analyze data. FIPAs help identify relevant issues and trends and draw conclusions through the analysis of both quantitative and qualitative data. They also assist in identifying data that can be used to analyze policy. In terms of examination and supervision, FIPAs participate in and/or lead examinations and reviews, supporting and implementing supervision and oversight policies and programs. They help interpret and implement policy, regulation, and guidance, and participate in drafting policy recommendations that are supported by logical reasoning and sound analysis. FIPAs are also involved in risk management, where they help identify and analyze emerging risks in financial institutions and markets, applying appropriate risk management frameworks and policies to support oversight of financial institutions. Additionally, they perform financial analysis, supporting the analysis of financial data and information relevant to the Division/Section's area of responsibility. They clearly present analyses of financial and regulatory data, identifying relevant issues and trends through their financial data analysis. FIPAs identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and 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. 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.

Responsibilities

• Support in producing 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.
• Participate in and/or lead examinations and reviews.
• Support and implement supervision and/or oversight policies and programs.
• Help interpret and/or implement policy, regulation, and/or guidance.
• Participate in drafting policy recommendations supported by logical reasoning and sound analysis.
• Help identify and analyze emerging risks in financial institutions and markets.
• Apply appropriate risk management frameworks and policies to support oversight of financial institutions.
• Perform analysis of financial data and information in support of Division/Section's area of responsibility.
• Clearly present analyses of financial/regulatory data.

Requirements

• Degree in finance, accounting, business administration, public policy, economics, or another related field.
• For FR-23: Bachelor's degree with 1 year of experience, or a master's degree.
• For FR-24: Bachelor's degree with 3 years of experience, or a master's degree with 1 year of experience.
• Ability to collect and analyze quantitative and qualitative data.
• Ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data.
• Ability to utilize risk management principles to evaluate and mitigate potential risks.
• Ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions.
• Ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy.
• Ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility.
• Ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations.

Nice-to-haves

• Prior experience in Financial Market Infrastructure or bank supervision, policy or analysis.
• Experience in capital markets or trading.
• Experience in financial risk management including stress testing, value-at-risk modeling, derivative pricing, counterparty credit risk management, or operational risk management.