The Federal Reserve Bank
Your work at the Federal Reserve Bank positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academicall combined with a passion for public service.
Overview of Team/ Function:
We have an opening in the Offsite Supervision team for a Risk Analyst. In the Regional & Community Unit of the Supervision, Regulation, and Credit Department you will conduct individual bank analysis for a small portfolio of banks supervised by the Reserve Bank. You will collect and analyze data and economic information related to the performance and condition of the community and regional banking industry in New England and nationally. You will present findings in written or oral formats to several internal audiences.
We are an eight-member team that monitors banks between bank examinations, and provides other analysis. You will report directly to the Offsite Manager, and your daily work is overseen by a Lead Analyst.
Conduct quarterly off-site analysis of individual financial institutions and identify, for further discussion with internal management, those that present current or potential supervisory concerns. Analyze individual institution and portfolio-level condition to determine current or new risks and contribute to the development of supervisory strategies to address those risks. Identify industry risk trends to support recommendations for supervisory action. Prepare clear written work products, and provide verbal recommendations to peers, staff, and officers.
Remain current on economic and industry data to supplement regulatory information when analyzing individual institutions and portfolios.
Contribute to the achievement of unit and department strategic goals by participating in special unit , department, or System projects.
Perform responsibilities associated with Board of Governors Surveillance program, including detailed assessments of factors contributing to inclusion in the program, identification of important issues, and recommendation for supervisory response.
Masters degree or equivalent and two or more years of financial industry or regulatory work experience
You have working knowledge of financial statements. With some oversight from senior staff, you can frame and communicate metrics, trends, and conditions both orally and in written form.
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
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.
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.