Company
Federal Reserve Bank of BostonBusiness Analyst, Senior II
This job is eligible for a hybrid schedule (50% of your working days) with some on-site work expected.
The Large Bank and Insurance (LBI) Unit and Large Institution Supervision (LISCC) Unit, of the Supervision, Regulation, and Credit (SRC) Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Senior Business Analyst. The supervisory units focus on ensuring the safety and soundness of our largest financial firms and the fair and equitable treatment of consumers. Through periodic onsite evaluations and offsite continuous monitoring, this function plays a critical role in ensuring that financial institutions comply with laws and regulations, are in sound financial condition, and utilize sound practices to mitigate their risks.
In this position you would be part of a team responsible for providing a wide array of business support and assistance in managing and administering the critical operational activities of the LBI and LISCC Units. The Senior Business Analyst will demonstrate a highly advanced understanding of broad and deep supervisory and operational knowledge across LBI and LISCC portfolios. The Senior Business Analyst is actively involved in all aspects of supporting both Units’, including strategic planning, resource management, budgeting, records, and operational/administrative support. In this capacity, the Senior Business Analyst will oversee complex projects, including managing workflow and adjusting and realigning scopes, assignments, deliverables and deadlines. Additionally, the Senior Business Analyst will collaborate with colleagues across the Federal Reserve System and Department, leading and contributing to strategic projects and/or workgroups.
Principal Accountabilities:
- Ensure LBI and LISCC operating policies and procedures are up-to-date and tested for compliance on an ongoing basis. Assist with the development and implementation of quality control processes for the Units’ and ensure that all issues identified for internal and external party reviews are appropriately addressed.
- Develop internal processes and training programs for staff that ensure knowledge of and ongoing compliance with supervisor and System requirements. Collaborate effectively with department and System training experts and facilitate local processes in support of the Large Financial Institution Examiner Commissioning Program (LFI ECP).
- Manage projects efficiently providing leadership over critical administrative requirements of LBI and LISCC including those related to budgeting, team building activities, information security, business continuity, and records management. Provide guidance and constructive feedback to less experienced staff and peers.
- Participate on/support various local and System committee initiatives. Maintain a broad knowledge of emerging issues and ongoing developments in supervision of large financial organizations as well as a strong understanding of current risk management practices in financial services industry.
- Process workflows and communications for LBI and LISCC exam teams in a timely manner with little to no oversight. Discuss moderately complex to complex issues with any stakeholder and manage the communication process. Demonstrate the ability to adjust quickly to new and different priorities, support the agreed upon decisions and help others to understand, and evolve skills to meet business needs.
- Apply strong critical thinking and problem-solving skills promptly and effectively on time-sensitive operational issues and proactively troubleshoot errors.
- Analyze business line issues, applying appropriate logic and fact‐finding skills; identify underlying issues or problems and recognize trends/cause‐effect relationships.
- Continuously expand business line knowledge and identify the implications of, and responses to, changing business conditions.
Qualifications:
- Knowledge and experience normally acquired through, or equivalent to, the completion of a Master’s degree in a related field and a minimum of 7 years of job-related experience that demonstrates applicable technical knowledge.
Key Competencies:
The following skills are required:
- Exceptional critical thinking, including the ability the deal with ambiguity, strong analytical, problem-solving, and decision-making capabilities.
- Demonstrated intellectual curiosity, independent thinking and decision-making abilities with a desire to continuously expand knowledge skill set within areas of expertise.
- Proficient written and verbal communication skills, including presenting moderately complex to complex business matters for a variety of audiences.
- Strong attention to detail and ability to manage time to meet daily work stream demands. Ability to set priorities and adapt to changing circumstances.
- Independently manages areas of responsibility and executes associated vision/purpose for these areas.
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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