Regulatory Data Specialist – Reserves at Federal Reserve Bank (FRB)

Posted in Admin - Clerical 23 days ago.

Type: Full-Time
Location: San Francisco, California





Job Description:

Company

Federal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged bank, and are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a diverse team united in its purpose to promote an economy that works for everyone. We empower our people to balance their life and work responsibilities. That’s why we offer a flexible hybrid work model that allows you to collaborate with office colleagues on some days, and work from home on others.

The Data Insights + Analytics Group of the Federal Reserve Bank of San Francisco collects, validates, and provides high-quality data to support the Federal Reserve’s supervisory and monetary policy objectives. As a regulatory data specialist in the Reserves Administration Team, you will draw upon your knowledge of economics, finance and accounting to collaborate with a dynamic team whose primary focus is to analyze and process diverse financial and monetary data. These data are used by a wide range of end users, including the Board of Governors, Federal Reserve Bank of New York, financial institutions in the Twelfth District, other divisions within the Bank, and external financial analysts. Your work will help ensure that depository institutions comply with Regulation D –Reserve Requirement of Depository Institutions. This is a vital role as the Reserves function directly supports the implementation of monetary policy.

Support of the Reserves Resource Center (RRC) is another aspect of the Reserves Regulatory Data Specialist. The RRC provides analytical and technical support on Reserves processes and procedures to Reserves user community system wide. Ad hoc projects related to work process improvements, enhancing data quality, and developing queries and automation tools are also part of the RRC’s responsibilities.

Lastly, you would represent the Federal Reserve Bank of San Francisco by supporting system wide efforts and workgroups within the Reserves business line. This could include participating or leading work related to the Reserves application and pivotal initiatives.

Essential Responsibilities


  • Provide timely and accurate analysis related to reserve balances and interest


  • Ensure depository institutions are in compliance with Regulation D (reserve requirements) and provide feedback/counseling, as vital, to these entities


  • Update and maintain information used in processing depository institutions' data, and reconcile data discrepancies between different applications


  • Manage and administer the accounting of Reserve related tools, such as Interest on Reserve balances


  • Respond clearly and knowledgeably to requests for information, including providing direction to financial institutions on Regulation D compliance questions


  • Perform hands-on exploratory data analysis using a variety of tools and languages to process, visualize, and interpret monetary and regulatory data


  • Share knowledge and perspective gained through research to broad audiences, including virtual and in-person presentations on calls and at workshops


  • Research and evaluate Reserves data and provide comprehensive analyses to stakeholders


  • Actively experiment with new processes and influence the adoption of your ideas


  • Build and maintain effective working relationships with senior management at depository institutions and colleagues across the organization.


Qualifications


  • A Bachelor’s degree in Accounting, Economics or Finance or equivalent experience


  • Typically, 3-5 years of related experience within the banking industry, regulatory/SEC reporting, accounting for a public company, or auditing


  • Strong time management skills proven by consistently meeting deadlines and managing shifting priorities


  • Demonstrated ability to grasp complex concepts, practices, procedures, and gain familiarity with system applications to perform routine and specialized duties


  • Experience collaborating with others to meet goals and deadlines


  • Strong communication skills, demonstrated by:


  • Communicating complex issues succinctly


  • Adapting communications to audiences internal and external to the organization


  • Crafting and conducting effective presentations


  • Ability to quickly learn new applications and grasp technical concepts


  • US citizenship required


Preferred Skills


  • Knowledge of banking and accounting


  • Working knowledge of data retrieval and statistical analysis programs including Excel, SQL, R, Tableau


The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer. Our people proudly reflect the diversity and ideas of the communities we serve.

Base Salary Range: Min: $87,100 Mid: $113,100 Max: $139,200 (Location: San Francisco)

Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.

We offer a wonderful benefits package including Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and Retirement/Pension.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment.

The SF Fed is an Equal Opportunity Employer.

#LI-Hybrid


  • Triage and resolve RRC reported issues and questions raised by users around the System


  • Support data analytics and querying requested by other Reserves Analysts across the country


Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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.

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