Financial Institution Policy Analyst, Financial Risk Management- RBOPS

Federal Reserve Bank
Washington, DC
Sep 15, 2020
Sep 20, 2020
Full Time
Job Description - Financial Institution Policy Analyst, Financial Risk Management- RBOPS (22103)Financial Institution Policy Analyst, Financial Risk Management- RBOPS-22103Primary Location: DC-WashingtonEmployee Status: RegularOvertime Status: ExemptJob Type: StandardTravel: Yes, 25 % of the TimeShift: Day JobYears of Experience Required: 2Education Required: Bachelor's or Equivalent Exp.Relocation Provided: YesSalary Grade Low: 24Salary Grade High: 26Posting Date: Sep 1, 2020Position DescriptionFinancial 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.Position RequirementsFinancial 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 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* Produce 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* Participate in and/or lead examinations and reviews* Support and implement supervision and/or oversight policies and programs Financial Analysis* Perform analysis of financial data and information in support of Division/Section's area of responsibility* Clearly present analysis of financial/regulatory data* Identify relevant issues and trends and draw conclusions through analysis of financial data Policy* Interpret and/or implement policy, regulation, and/or guidance* Draft 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 Reserve Bank Operations and Payment Systems (RBOPS): Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to moderately 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. Position Requirements: At FR24, 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. At FR25, a bachelor's degree and 3 years of related experience is required. At FR26, a bachelor's degree and 4 years of related experience is required. 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 responsibility; evaluate the impact of changes in law and/or regulations 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 Strong analytical, research, problem solving, and oral/written communication skills. Proficiency with data manipulation and analysis tools such as SQL, R, Python, SAS, or other would be valued. Demonstrated ability to effectively coordinate with and influence stakeholders of various levels of seniority and across disciplines. Conducts annual on-site reviews and ongoing off-site oversight. Previous experience in the oversight or operations of financial markets, banking, financial institution supervision, or operations, is desirable. Advanced degree in business administration, finance, economics, public policy, or related fields preferred. Some travel is required. This position is located in Washington, DC and will not be a full-time remote role. A writing sample may be requested.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.