Federal Reserve Board of Governors
Financial Institution Policy Analyst, Finanical Reporting & Control- RBOPS (Finance)
Financial Institution and Policy Analysts perform the following responsibilities under regular supervision:
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:
Examination and Supervision
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:
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.
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:
Assists in developing and monitoring Reserve Bank financial reporting and internal control practices to ensure the ongoing integrity and effectiveness of accounting, budgeting, and internal control systems. Prepares annual, interim, and ad hoc financial reports. Participates in initiatives to develop and improve financial information systems and coordinating external audit services. Monitors developments in accounting policy and provides guidance on potential affects. This position will require extensive interaction with Reserve Bank and Board staff and an understanding of the financial effects of monetary policy and other central bank activities.
Bachelors degree in finance, accounting, public policy, or business administration, or an equivalent combination of training and experience. CPA preferred.
Solid grasp of accounting theory, financial information systems, financial reporting, and internal controls as well as strong analytical and oral/written communication skills are required. Experience with financial information systems is desired.
A writing sample may be required.