Job Abstract

• 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 objectives
• Prepare and deliver clear, accurate and concise communication orally and in writing
• Serve as Board liaisons or representatives in consulting/collaborating with domestic agencies/international authorities/standard-setting bodies
• Serve as project or team leaders for Section, Division, Board, or system initiatives
• Provide guidance and mentorship to new or junior staff
• Contribute to and advise on discussions and analyses across the Board
• Act as the recognized domain expert within Division
• Senior 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 policy
• Examination and Supervision
  • Lead examinations and reviews
  • Implement supervision and/or oversight policies and/or programs
• Financial 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 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): 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.

The Board’s Division of Consumer and Community Affairs (DCCA) is seeking a Financial Institution Policy Analyst to work in the Large Bank Supervision (LBS) Section. Financial Institution Policy Analysts perform analyses related to consumer risk, consumer compliance 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.

The analyst in the LBS helps oversee risk monitoring and supervisory work conducted at Reserve Banks regarding the largest banks and bank holding companies. The analyst is responsible for contributing to System-wide groups that identify and discuss emerging supervisory risk in large banks and BHCs. The analyst will collaborate with Board and Reserve Bank staff to develop analyses of those risks and provide written recommendations to management. An understanding of consumer compliance risk and supervision is essential.

Requires a bachelor’s degree in finance, accounting, business administration, economics, law, public policy or other related field, or equivalent experience. Must be familiar with consumer banking laws and regulations governing the operations of banks, bank holding companies, and related nonbanking activities. Strong analytical, interpersonal, and oral and written communications skills are essential. Some domestic travel is required. A writing sample may be required.

The preferred candidate (FR27) should have: comprehensive knowledge of financial institution operations and the supervisory process; enhanced skill in communicating concepts, ideas, and recommendations, both orally and in writing, to high-level division and FR System management; demonstrated sound and mature judgment as well as tact and diplomacy; and demonstrated skill in managing, leading and implementing a variety of projects.

The preferred candidate (FR28) should have: expert knowledge of financial institution operations, supervisory process, and consumer financial risks; superior skill in communicating concepts, ideas, and recommendations, both orally and in writing, to high-level division and FR System management; demonstrated sound and mature judgment as well as tact and diplomacy; and demonstrated skill in managing, leading and implementing a variety of projects.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly connection day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.