Full-Time

Quality Assurance Analyst

Posted on 11/22/2024

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Senior

No H1B Sponsorship

Dallas, TX, USA

Hybrid role requiring some onsite work at the Federal Reserve location.

Category
QA & Testing
Security Testing
Quality Assurance
Requirements
  • Bachelor’s degree in business related field.
  • 5 years of regulatory experience or experience managing or auditing in a banking environment to include reviewing the work of others to determine compliance with procedures and guidance.
  • Working knowledge of supervision and regulation policies and procedures.
  • Working knowledge of, and ability to interpret, supervision and regulation guidance.
  • Minimum of five years of examination, regulatory, compliance, or audit experience.
Responsibilities
  • Perform BSR QA activities to ensure compliance with applicable Board and established internal guidance, including annual QA risk assessment, QA reviews and validation of associated findings remediation.
  • Participate in System’s QA Community of Practice, including workgroups and System-wide QA reviews.
  • Maintain relationships with department business lines, Enterprise Risk Management, and Internal Audit to identify, measure, and monitor risks facing department internal operations.
  • Facilitate quarterly Compliance and Risk Management Oversight Committee (CRMOC) meetings and present internal operational risk information to department senior management.
  • As required, contribute to other compliance and risk management activities, including enterprise risk management (ERM), Board Information Security Program (BISP) and Security Assurance for the Federal Reserve (SAFR), and Sarbanes-Oxley (SOX) compliance. Support DV Program through planning and executing awareness efforts.
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
  • The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
  • Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.

What critics are saying

  • The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
  • The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.

What makes The Federal Reserve System unique

  • The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
  • Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
  • The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.

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