Company

Federal Reserve Bank of ClevelandThe Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, X, Instagram, and our YouTube channel – Cleveland Fed

This role is based in Cleveland, Ohio, and is a hybrid work arrangement - individuals may be required to work some days in the Federal Reserve Bank of Cleveland while working the other days from home.
 

Organizational Expectations:

The Federal Reserve Bank of Cleveland’s Financial Management Department has an exciting opportunity to join its Financial Planning and Analysis team as a Financial Analyst or Financial Analyst Senior.  In this role, you will be responsible for providing collaborative and consultative support to multiple stakeholders and lines of business.  You will leverage your financial analysis skills to identify and then communicate forward-looking financial insights to Bank stakeholders.  You will work with the team to contribute to the Bank’s annual budget and investment planning process and play a part in ensuring alignment of the Bank’s financial plan with the strategic initiatives of the Bank and Federal Reserve System.  

General Responsibilities:

•    Demonstrate a detailed knowledge of financial planning and analysis and budgeting and forecasting concepts and apply this knowledge through work products.
•    Build and maintain trusted partnerships with key stakeholders and maintain thorough operational understanding of assigned business areas.
•    Meet business line and leadership needs for understanding their expenses and effectively managing their forecast.
•    Work collaboratively with assigned business areas to ensure financial plans are aligned with business priorities and strategic initiatives and monthly forecasts accurately reflect business operations and plans.
•    Effectively communicate complex financial planning and budget concepts to non-financial audiences in both written and verbal form. 
•    Contribute to developing, revising, and updating financial planning-related policies, controls, and procedures.
•    May participate in Bank and FRS projects, initiatives, or workgroups.
•    Performs other duties as assigned or requested.

Education and Experience:

•    Financial Analyst: Bachelor’s Degree and a minimum of 3 years of related experience, or Associate’s Degree and a minimum of 5 years of related experience
•    Financial Analyst Senior: Bachelor’s Degree and a minimum of 5 years of related experience, or Associate’s Degree and a minimum of 7 years of related experience

Knowledge and Skills:

•    Financial Planning and Analysis and Accounting Acumen
•    Business Operations / Business Acumen
•    Business Relationship Management
•    Project Management
•    Governance, Risk, and Control
•    Data Analysis
•    Microsoft Office 365 application (Teams, Excel, PowerPoint, Word, PowerBI, Tableau, etc.)
•    Action Oriented
•    Collaborates
•    Communicates Effectively 
•    Customer Focus
•    Ensures Accountability
•    Values Differences

Physical Demands and General Working Conditions             
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 
 

Bank’s Ethics Rules and Drug Testing: 
As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected] 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Accounting/Finance Family Group

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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