Analyst Pre-Provision Net Revenue Team
The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Analyst to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital Programs Pre-Provision Net Revenue (PPNR) team. The LISCC supervision program is the Federal Reserves national supervisory program for the nations largest most systemic financial institutions. The program is overseen by the LISCC Operating Committee (OC) and is accomplished by hundreds of staff supplied by multiple Reserve Banks and the Board. The LISCC Capital PPNR teams oversee the supervisory work including CCAR, exams and analytic work covering a range of business activity for LISCC firms (and other SR 15-18 firms in CCAR).
You will develop and/or maintain a high level of understanding of rules and regulations regarding regulatory capital, specifically Risk Weighted Assets (RWA) and stress testing. You will conduct research, maintain and analyze regulatory and financial data, and evaluate trends and developments across the LISCC firms and the banking industry from a variety of sources, including published reports, databases, and firms management information system. You will also have an element of examination work, including CCAR, which may involve assessing PPNR forecasting practices, RWA, securities loss projections and interest rate risk (IRR) management practices at bank holding companies (BHC).
Depending on the experience level, you will be eligible to be placed in any one of a range of positions within the job family, including Analyst or Senior Analyst.
Analyze trends and new issues related to RWA, PPNR and financial risk management practices across LISCC firms.
Independently create analysis, visualizations, reports, and other correspondence for team members.
Queries data from several sources and develops datasets/databases including components of LISCC firms financial performance and capital ratio components including RWA and PPNR.
Participate in CCAR and other examination efforts.
Maintain coverage of firms or industries, as required.
Prepare concise written conclusions and recommendations concerning complex subject matter.
Develop collaborative working relationships and networks throughout the LISCC Capital Program including with the dedicated supervisory teams, other horizontal evaluation teams, and with other Reserve Banks, and the Board of Governors.
Maintain knowledge of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
A Bachelors degree, with a concentration in business management, finance or economics is preferred.
2 or more years of supervisory and/or industry related experience, covering risk weighted assets, business performing monitoring, analytics, financial or stress testing.
Have knowledge of rules and regulations related to bank capital specifically RWA, PPNR and stress testing.
Familiarity with interpreting financial statements and risk reports to identify and monitor multiple metrics and indicators measuring bank performance.
Proficient in the use of data maintenance and analysis tools covering querying data, developing databases/datasets, and generating analytical reports and visualizations.
Connect with all levels of an organization.
Demonstrate independent thinking and decision making abilities.
Capability to convey technical topics in simple, concise terms, with all levels of the Federal Reserve System and bank and depository institutions management and staff
Capability to set priorities and adapt to changing circumstances; demonstrate commitment that high priority goals are met.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401K match, and a fully funded pension plan
Paid vacation and holidays; flexible work environment, healthy workflow
Generously subsidized public transportation
Annual tuition reimbursement
Professional development programs, training and conferences
PLEASE NOTE: The Federal Reserve Bank of Boston 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.
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. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
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.