Senior Financial Institution Policy Analyst

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

Senior Financial Institution and Policy Analysts work under regular guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the primary contributor and may lead projects and teams and often represent the Section or Division on projects and 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

• Senior Financial Institution and Policy Analysts perform the following responsibilities with regular guidance:
• 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
• Share information and make recommendations regarding projects and work for Section/Project Teams/Division or external stakeholders
• Serve as primary contributors and may lead projects or teams in the accomplishment of work
• Provide guidance to junior or new staff
• Represent the Section or Division on group projects or task forces
• Advise senior staff and managers
• Develop areas of domain expertise
• 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
  
  • 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 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, data
• Policy
  
  • Interpret and/or implement policy, regulation, and/or guidance regulatory, and compliance
  • Draft policy recommendations supported by logical reasoning and sound analysis
• Risk Management
  
  • Identify and analyzes 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 analysis independently with broad administrative 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 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): 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.

Position Requirements

FR-26: 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 4 years of related experience

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

About the Team

The Division of Supervision and Regulation is seeking a highly motivated individual who can proactively conduct analysis and represent the views of the LISCC supervisory community to inform the development of regulations and guidance.

The LISCC supervision program is the Federal Reserve’s supervisory program for the nation’s largest and most systemic financial institutions. Its primary objective is to maintain safe and competitive U.S. and global banking systems. LISCC comprises of national programs staffed by individuals from multiple Reserve Banks and the Board, including Capital, Liquidity, Monitoring and Analysis Program (MAP), Governance and Controls (G&C), and Recovery and Resolution Program (RRP). The LISCC Integration team, which is comprised of Board staff, provides a key link between the LISCC supervision program and the Board’s Policy group, and other functions within Board Supervision.

The LISCC Integration team synthesizes, develops and promotes the LISCC supervisory perspective to a broad range of audiences, including to inform policy development and Board decisions. The LISCC Integration team, working with other stakeholders, develops and promotes the LISCC perspective to inform the Board of Governors in connection with, among other things: enforcement actions, applications, ad hoc analyses; rulemakings, SR letters, internal policies, and data collections. The Integration section also contributes significantly to LISCC supervisor’s cooperation and exchange of information with foreign and U.S. supervisors.

About the Role

• Perform both supervisory and policy work for the LISCC program (e.g., exam work, development and implementation of program-specific policies, development, and maintenance of information products) and for the Board (e.g., development of and contribution to FRS policies, information products, governor briefings, enforcement actions).
• Prepare and deliver clear, accurate and concise communication orally and in writing, including delivery of high-quality informational and analytical products on matters affecting LISCC firms for governors, senior management, and LISCC program needs.
• Collaborate with or lead project teams of Board LISCC or S&R staff to produce products in response to senior staff requests.
• Lead or participate in the development, implementation, and maintenance of internal LISCC supervisory policies.
• Participate in the policy development and implementation process and provide supervisory input for rules and supervisory guidance that impact large financial institutions.
• Engage with members of the LISCC community to develop supervisory perspective:
  • Work with staff within S&R to help ensure that those views are taken into account in the policy development process;
  • Collaborate with others in the LISCC and Federal Reserve to produce information and analysis on firms, policy development, and other relevant matters.
• Coordinate and engage in outreach with LISCC community following updates to regulation and supervisory guidance that impacts LISCC firms.
• Participate in examination work in LISCC programs to understand and represent the views of LISCC supervision.
• Provide guidance and mentorship to new or junior staff. Participate in hiring process, including reviewing resumes, serving as an interview panelist, and providing feedback and input on hiring new team members.

Knowledge and Skills

• Intellectual Curiosity and Critical thinking. Strong intellectual curiosity, agility, critical thinking, and problem-solving skills as demonstrated by the ability to quickly assimilate new information, including across a range of financial and risk disciplines, make sound decisions and, as appropriate, challenge status quo thinking.
• Demonstrated Interest in Policy Development. Ideal candidate will have shown an interest in policy development and implementation, through prior work experience, graduate school coursework, or extracurricular reading. The ideal candidate should be able to explain their interest in financial regulation and demonstrate curiosity in how regulation affects firm behavior and risks to the financial system.
• Data Skills and Experience in Financial Analysis. Ideal candidate will have some experience in performing analysis of financial data and clearly presenting analyses of that data.
• Communication: Demonstrated strong written and oral communication skills, including an ability to synthesize key messages, communicate highly complex topics in understandable terms, and adapt content and tone for the target audiences (which can range from technical staff to senior LISCC Program leadership and Board members).
• Strong Written Work Product. Quality of written product is essential. A writing exercise, Power Point presentation exercise or data analysis exercise may be part of the application process.

Notes:

• This position is located in Washington DC. Relocation assistance is available.
• Employees are expected to spend a minimum of 4 days per month on-site.
• A writing exercise, Power Point presentation exercise or data analysis exercise may be part of the hiring process.

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.