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Senior Financial Institution Policy Analyst, Risk Analysis and Emerging Issues - Division of Supervision and Regulation - R024844

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

Work Shift: : 1st Shift

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Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE 27

Compensation Grade High: : 28

Minimum Salary: : $134,900.00

Maximum Salary: : $220,500.00

Posting Date : Nov 13, 2024

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

6

Summary

Senior Financial Institution and Policy Analysts work under limited guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the project or team leader for Section, Division, Board, or system initiatives. May also serve as Board liaison or representative in consulting/collaborating with domestic agencies, international authorities, and/or standard-setting bodies. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Act as recognized domain experts within the Division. Some travel is required.

Duties and Responsibilities

• 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.

FR-27: A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 6 years of related experience, or a master’s degree in a related field and 5 years of related experience 
FR-28: A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 8 years of related experience, or a master’s degree in a related field and 7 years of related experience 
About the Team
The S&R Risk Analysis and Emerging Issues section directs and coordinates System activities relating to risk identification and risk monitoring in the banking system. The group supports policy development and implementation as well as supervisory assessments of risk and risk management practices at supervised institutions. In aligning its work with S&R's strategic goals, the section works closely with other S&R sections and System groups and communicates identified banking system risks and associated supervisory activities to key stakeholders, including the S&R director, Board members and the Supervision Committee. The Risk section also provides the Division and System with technical knowledge and expertise about specific risk issues and risk management practices to assist in assessing risks and risk management practices at individual institutions and across the industry.
Team Objectives
The S&R Risk Analysis and Emerging Issues section supports the overall mission of S&R to promote a safe, sound, and stable banking and financial system that supports the growth and stability of the U.S. economy. As part of S&R's strategic goals, the Risk section strives to meet the following four main objectives:
1.    Lead systematic and consistent processes for developing, gathering, synthesizing, analyzing, discussing, and responding to System risk information;
2.    Support the day-to-day supervisory efforts of System supervisory groups to identify risks and provide subject matter expertise to assist with the evaluation of risk management practices at supervised institutions;
3.    Contribute to policy development and implementation of risk-related topics;
4.    Participate in addressing any other risk-related issues and contribute to other risk-related projects - such as testimony, speeches and Congressional responses.
About the Role
Principal duties and responsibilities include: 
•    Identify relevant and emerging credit, market and liquidity risk issues and trends by performing in-depth analysis of quantitative and qualitative data, including results of examinations and other supervisory activities;
•    Communicate well developed and well supported conclusions through clear and concise written products such as emails, presentations, reports, and briefing notes for delivery to internal stakeholders such as supervisory portfolio leads, management groups, examiners, Board members, etc.;
•    Coordinate and collaborate with peers and colleagues across the Federal Reserve system and interagency in order to stay abreast of views and trends;
•    Lead or participate in special studies or projects to inform the Federal Reserve’s oversight of credit, market and liquidity risk, to enhance our supervisory process and to develop supervisory guidance and regulation;
•    Train junior analysts. 
Requirements: 
•    Demonstrated safety and soundness examination experience and proven knowledge of banking regulation
•    Strong analytical, oral and written communication skills
•    Experience leading and collaborating effectively in a team
•    Demonstrated knowledge of commercial or retail credit products/risk or market/liquidity risk 

Notes:
•    This position is located in Washington DC. Employees are expected to spend a minimum of 4 days per month onsite. Relocation assistance is available.
•    The interview process will include a writing exercise.