Financial Institution Policy Analyst, Fiscal Agency- RBOPS - R024763

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 25

Compensation Grade High: : FR PAY GRADE 26

Minimum Salary: : $107,000.00

Maximum Salary: : $196,000.00

Posting Date : Oct 8, 2024

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

4

Summary

Financial Institution and Policy Analysts work under limited supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while demonstrating increased mastery in areas of expertise and may lead projects and reviews. Share information and ideas regarding projects and work for their Project Team, Section, Division, or external stakeholders and may represent the Section or Division on group projects or 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.

Duties and Responsibilities

• Financial Institution and Policy Analysts perform the following responsibilities under limited supervision:
• Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
• Assist senior staff in conducting analyses
• 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 may lead projects/reviews
• Represent the Section or Division on group projects or task forces
• Advise within team and Section in areas of expertise
• Demonstrate increased mastery 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/or reviews
  • Support and implement supervision and/or oversight policies and programs
• Financial Analysis
  • Perform analysis of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
  • Clearly present analysis 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 policy recommendations supported by logical reasoning and sound analysis
• Risk 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 institutions
• Consumer 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): Financial Institution and Policy Analysts conduct their duties while working with 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): Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to moderate or 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.
• Supervision and Regulation (S&R): Financial Institution and Policy Analysts perform analyses related to banking supervisory or regulatory activities. They may participate in 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.

FR25 - 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 2 years of related experience. 
FR26 - A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master’s degree in a related field and 3 years of related experience. 

About the Position:
Financial Institution and Policy Analysts perform the following responsibilities under limited supervision:

•    Perform quantitative and/or qualitative analyses 
•    Assist senior staff in conducting analyses
•    Prepare and deliver clear, accurate, and concise communication verbally and in writing
•    Share information and ideas regarding projects and work with internal and external stakeholders
•    Perform assigned project tasks and may lead projects/reviews
•    Represent the section or division on group projects or task forces
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:
Risk Management
•    Identify and analyze emerging risks 
•    Apply appropriate risk management frameworks and policies to support oversight of Federal Reserve Banks 
Data Analysis
•    Identify relevant issues and trends and draw conclusions through analysis of unstructured 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 
Policy
•    Interpret and/or implement policy, regulation, and/or guidance
•    Draft policy recommendations supported by logical reasoning and sound analysis
 
Remarks:

•    The Fiscal Agency team oversees the fiscal agent services that the Reserve Banks provide to the U.S. Treasury and other government agencies. The Reserve Banks develop, operate, and maintain complex information technology systems, and manage other key operations as fiscal agent to the U.S. Treasury department
•    Fiscal Agency's FIPAs:
o    collect, synthesize, analyze, summarize, and assimilate significant amounts of unstructured qualitative information to facilitate making risk-based judgments, sometimes in the moment, and communicate clearly logical reasoning and recommendations.
o    apply risk management concepts and frameworks to assess risks related to complex governance models, management culture, financial and vendor management, technology programs and projects, and business operations.
o    conduct risk-based oversight by engaging actively with Reserve Bank management and staff and synthesizing information to assess whether Reserve Banks’ Treasury divisions are meeting their objectives in compliance with Federal Reserve policies, procedures, and risk tolerance 
o    assess Reserve Bank management’s effectiveness in engaging with relevant governance bodies to progress key initiatives and transparently discuss risks. 
o    communicate effectively, including the ability to deliver presentations, recommendations, and oversight findings to internal and external stakeholders.
o    handle a range of responsibilities that include providing guidance to stakeholders on risk management and oversight practices, and conducting reviews and assessments of complex governance models, IT programs and projects, financial management, operational controls, business processes, risk management practices, and management culture.
About the Ideal Candidate
The ideal candidate will demonstrate the ability to:
•    build relationships of trust
•    be transparent, honest, and share information timely
•    collaborate well with others to deliver well-rounded and informed recommendations and outcomes 
•    be professionally curious, ask questions, seek to understand multiple perspectives, and be comfortable challenging assumptions
•    deliver high quality analytical work products in a timely manner 
•    actively listen to ensure correct understanding and interpretation of information 
•    influence without authority
•    be self-motivated 
•    be a good team member by engaging with co-workers to get work done 

A writing sample/exercise 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.