This requisition is not an actual job vacancy. This requisition serves to establish a pipeline of interested individuals for future opportunities at the Federal Reserve Board of Governors.
Position RequirementsThis requisition is not an actual job vacancy, but serves to establish a pipeline of interested individuals for Financial Institution & Policy Analyst (FIPA) openings in the Division of Reserve Bank Operations and Payment Systems (RBOPS). Candidates may be contacted at any time through 2024 with more details about specific team vacancies Financial Institution and Policy Analysts (FIPAs) may play many roles related to their jobs. They are responsible for a combination of the following roles/areas of responsibility:
Data Analysis - Supports in producing charts, graphs, and other visuals to help analyze data
- Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
- Helps identify data that can be used to analyze policy
Examination and Supervision - Participate in and/or lead examinations and reviews
- Support and implement supervision and/or oversight policies and programs Policy
- Helps to interpret and/or implement policy, regulation, and/or guidance
- Participate in drafting policy recommendations supported by logical reasoning and sound analysis
Policy - Helps to interpret and/or implement policy, regulation, and/or guidance
- Participate in drafting policy recommendations supported by logical reasoning and sound analysis
Risk Management - Helps to identify and analyze emerging risks in financial institutions and markets
- Apply appropriate risk management frameworks and policies to support oversight of financial institutions Data Analysis
- Supports in producing charts, graphs, and other visuals to help analyze data
- Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
- Helps identify data that can be used to analyze policy Financial Analysis
- Supports in performing analysis of financial data and information in support of Division/Section's area of responsibility
- Clearly present analyses of financial/regulatory data
- Helps identify relevant issues and trends and draw conclusions through analysis of financial data
Financial Analysis - Supports in performing analysis of financial data and information in support of Division/Section's area of responsibility
- Clearly present analyses of financial/regulatory data
- Helps identify relevant issues and trends and draw conclusions through analysis of financial data
FIPAs 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. Qualifications: Degree in finance, accounting, business administration, public policy, economics, or another related field and minimum years of related experience, as outlined by grade below, is required: FR-23: Bachelor's degree 1 years exp, or a master's degree. FR-24: Bachelor's degree 3 years exp, or a master's 1 year exp. 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:
- Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data
- Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
- Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks
- Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions.
- 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.
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: Writing sample may be requested. Roles are not eligible for full-time remote work and will require on-site presence in Washington, D.C. via a hybrid schedule.