Job Description:

The Regulatory Reporting unit within the Central Bank Services (CBS) Division specializes in analysis of supervisory data. Reports are collected from financial institutions including details on assets, liabilities, capital accounts, income and expenses. Information supplied by these institutions support supervisory and regulatory activities, including safety and soundness examinations of banking institutions.

Job Summary

The Statistical Reports Analyst will engage in activities to ensure operational processing and collection of regulatory reports from financial institutions and perform analysis on data collected to ensure the highest quality for data end-users. You will provide intermediate-level professional accounting and analytical assistance for regulatory reporting, encompassing several accounting, bank structure and regulatory material. Problems are solved with advanced experience, technical skills, and analytical expertise. Tactical decisions are made through utilizing input from higher levels. You will also communicate with key contacts within the operations areas, other Reserve Banks and Regulatory agencies and financial institutions.

Responsibilities

Data Collection:

• Ensure the integrity and accuracy of financial institutions' prepared semi-complex to complex financial reports and structure data including: income and balance sheet statements, consolidated financial statements, detailed transaction level financial product data, and qualitative explanatory information provided by firms
  
  


• Serve as reports lead/coordinator to ensure timely collection and accuracy of data from reporting institutions
  
  


• Assist the Federal Reserve System to maintain essential records on the structure/financial and activities of complex financial institutions, bank holding companies, and nonbank subsidiaries to assist in developing economic policy, conducting bank supervision and regulation activities, and providing financial services
  
  


• Develop, maintain and/or perform database queries to ensure data accuracy and compatibility with reporting requirements
  
  


• Effectively communicate operational/reporting standards and data quality analytical findings to financial institutions
  
  

Data Analysis:

• Analyze statements and reports following the Board of Governors' and other Federal Reserve guidelines for use in support and determination of the safety and soundness of banking organizations, monetary policy, and reserve bank operations
  
  


• Edit and perform analysis on structure data and financial reports and statements for conformity with Federal Reserve policies and procedures, accounting principles and regulatory requirements
  
  


• Evaluate data and interprets principles and regulations to resolve accuracy and conformity issues with banking organizations to ensure data integrity
  
  

System Projects and Work Groups:

• Participate in and collaborate with local and System colleagues on Business Unit/Bank projects and System wide business line strategic workgroups
  
  

Policy Implementation:

• Demonstrate understanding of and adherence to Federal Reserve policies and procedures and regulatory requirements
  
  


• Contribute to drafting, editing, and preparation of official memos, advanced data analysis reports, comments to proposed reporting and regulatory changes, and processing procedures
  
  

Your Background

• Bachelor's degree in Accounting, Finance, Economics, Statistics, or related field or equivalent experience
  
  


• 3 to 5 years of related work experience


• Strong written/verbal communications and teamwork skills
  
  


• Demonstrated ability to apply analytical thinking and accounting concepts
  
  


• Experience performing qualitative and quantitative analysis including detailed financial analysis
  
  


• Strong proficiency in Microsoft suite (e.g., Excel, Word, PowerPoint)
  
  


• Experience with Tableau, Python, SQL, SAS strongly preferred
  
  


• Capacity to perform query writing, data visualizations and provide key data insights
  
  


• Knowledge equivalent to CPA or CFA a plus
  
  


• Familiarity with Federal Reserve regulations and policies a plus
  
  

What we offer

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.
  
  


• A continuous learning environment with opportunities to gain new skills and grow your career.
  
  


• Onsite gym and subsidized cafeteria
  
  

Requirements

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. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. 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, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

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