Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.

Reserve Bank Operations and Payment Systems (RBOPS)

Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and complex projects involving Federal Reserve Banks' policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks' management.

The Role & Team
This position will primarily be responsible for conducting the Federal Reserve Board's oversight of systemically important Financial Market Infrastructures (FMIs) including central counterparties, payments systems, and securities settlement systems. These FMIs are critically important to the functioning of the US financial system and span a wide range of asset classes including securities (equities, Treasuries, mortgage-backed securities, etc.) and financial derivatives (options, futures, swaps, etc). The Financial Institution Policy Analyst will assess the financial and operational risk management practices at the FMIs and will interact directly with other analysts in the Federal Reserve system, staff at other US and international regulatory authorities, and senior management at the FMIs.

Required Experience

Degree in finance, accounting, business administration, public policy, economics, or another related field and corresponding experience as follows:

FR-24: bachelor's minimum of 2 years of related experience or a master's 1 year of related experience.

FR-25: bachelor's minimum of 3 years of related experience or a master's 2 years of related experience.

Must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance:

• Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions
• Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks
• Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.
• Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility
• Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations
• Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data, both quantitative and qualitative.

Prior experience in one of the following areas is a plus: Financial Market Infrastructure or bank supervision, policy or analysis; capital markets or trading; financial risk management including stress testing, value-at-risk modeling, derivative pricing, counterparty credit risk management; or operational risk management.

Note: A writing sample may be requested. This position is located in Washington, DC and will not be a full-time remote role.