Job Description:

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Supervision and Regulation Business Dedicated Group (S&R BDG) has an immediate opening for a Senior Business Analyst, reporting to S&R BDG Manager. The Senior Business Analyst provides research and analysis of data and problems of varying complexity to develop recommendations to solve problems and issues related to business operations. The analyst provides guidance in identifying, evaluating, and developing processes and procedures that are effective and meet requirements. This role provides reporting and analysis to assist in executing solutions and may provide consultation to clients, colleagues, and management. The role also participates in cross-functional linked teams to address business or systems issues and provides support and coordination on moderately complex projects. The senior business analyst determines best practices and suggests how to improve current practices.

What You Will Do:

This is a senior level position that requires a seasoned professional with a full understanding of industry practices and requires high level of experience and proficiency in field. General responsibilities include:

• Performs complex analysis of major business issues and proactively searches for and recommends sustainable solutions utilizing established methodology and tools within functional areas.


• Works with the clients and other resources to assess current capabilities, anticipates the high-level customer needs and recommends business process improvements and sustainable solutions, and prioritizes established requirements.


• Proactively reviews, compiles and analyzes detailed and complex statistics and data for major business issues. Provides guidance and collaboration in completing analysis, information or process mapping, and/or alignment of the business and related areas. May evaluate root cause and effect into solutions.


• Leads process improvement and solution discussions and presents outcomes in written and verbal format to senior management.


• Develops and designs new business processes of a major and critical nature and the elaboration and updating of existing business processes.


• Key participant in cross-functional team initiatives and process improvement projects.


• Performs other related duties as assigned.

Responsibilities specific to the Supervision and Regulation BDG include:

• Collect and analyze asset data, prepare reporting, and facilitate recommendations and decision-making regarding customer asset inventory to ensure alignment with the strategic direction of the business and System IT.


• Engage and communicate with leadership at all levels of the S&R organization and governance, facilitating prioritization and strategic directional discussions and decisions.


• Engage and communicate with System IT leadership regarding customer planning, blockers, and removal of blockers.


• Be a liaison between high priority strategic customer programs and System IT.


• Be the liaison between the customer and System IT Finance organization to ensure understanding of and appropriate application of IT charges.


• Provide change management support as the customer implements transformational enterprise platforms that align with their strategic direction.


• Facilitate and guide application of scrum and agile principles to the team’s work.


• Manage the BDG records management program.

Qualifications:

• Bachelor's Degree or equivalent experience with 6 to 9+ years of relevant work experience.


• 2+ years of experience using and leading Agile/Scrum framework principles.

Knowledge: Comprehensive knowledge pertaining to concepts and principles in functional area. General knowledge of department/business lines, Reserve Banks, and / or System operations, policies, procedures and technologies.

Communications: Excellent interpersonal, negotiation, creativity, attention to detail, and oral and written communications skills tailored for the intended audience

Risk Management: The Sr. business analyst is responsible for understanding and applying risk management discipline in decision making, and contributing to his or her function’s risk management.

Decision Making: Works under direction and guidance in planning details of procedures and methods to attain definite objectives. Makes decisions within established or widely accepted standards. Achieves assigned/planned results by decisions and actions based on professional methods, training, business principles, and practical experience.

Physical Demands: Requires some degree of sitting (for prolonged periods of time), standing, lifting carrying, pushing, pulling less than 20 lbs.

Hours of Work: May require extended work hours. Occasional travel including overnight stays may be necessary.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits


• Pension and 401(k) with employer match


• Paid time off


• Tuition reimbursement


• Employee resource networks


• Paid volunteer leave


• Flexible work options


• Onsite amenities that make working here fun!

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.


• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.


• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).


• 
  Key Point Mod: Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.


• 
  The hiring range for this position is $79,400 - $109,120 annually. 


• For candidates outside Richmond, VA, listed hiring and salary ranges may be adjusted based on your geographic location.


• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications


• Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by April 30, 2024.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice

Apply Now