Minimum EducationBachelor's degree or equivalent experience
Minimum Experience5
SummaryTypically a financial analyst is involved in activities that support the Board's efforts in monetary policy and financial regulation by providing analysis and forecasting of developments in the domestic and international economies and financial markets, analysis of options for regulatory decisions, development and maintenance of relevant economic data and related information systems, or developing and carrying out research work or projects designed to fulfill the policy analysis and current reporting responsibilities of the division.
Duties and Responsibilities- Provides information, analysis, and technical advice to the division's senior staff, Board Members, or the FOMC via reports, memoranda, and briefing material.
- Monitors and reports to the Board and the FOMC on developments in particular sectors of the U.S. and foreign economies and domestic and international financial markets.
- Forecasts key economic and financial variables for the United States and other countries.
- Maintains econometric models of economic behavior for use in forecasting or policy analysis.
- Analyzes structural changes in domestic and international financial markets.
- Develops or evaluates proposals for policy changes in the areas of the Board's regulatory responsibilities; monitors and evaluates regulations that have been adopted.
- Works closely with economists and the division's senior staff in developing and carrying out research work or projects designed to fulfill the policy analysis and current reporting responsibilities of the division.
- Automates work through original programming or adaptation of available computer software.
- Coordinates section requirements for computer hardware, data systems, and software.
- Works with economists, statisticians, and other analysts to develop, obtain, maintain, manipulate, and administer databases and related information structures that are used in statistical releases, forecasting, and/or policy formulation. Maintain documentation of database contents and data flows, coordinating activities of others as needed; produces reports and provides information on database contents to support the requirements of management, data maintainers, and data users.
- Under the direction of the section chief or senior economist, may oversee assignments given to statistical or research assistants. May provide oversight of inter-divisional, system-wide, and inter-agency projects.
- Answers inquiries from Congress, other agencies and the general public.
- Participates in establishing methods and systems for data collection or analysis of economic variables relevant to the formulation and conduct of monetary and regulatory policy.
- Participates and may take lead role in the design and implementation of surveys or other collections of economic and financial information; coordinates the clearance of report proposals under established procedures and standards; provides input to development of proposals and reporting forms and instructions.
- Maintains awareness of new legislation, regulations, and policies that affect the information needs of the Federal Reserve and may lead to changes in data collection and ensures compliance.
- Monitors and interprets changes to reporting forms and instructions for Federal Reserve staff and the public to maintain consistency, prevent overlap, and assure they meet Federal Reserve information needs.
Position Requirements About the Team The International Engagement and Strategy (IES) section within the Division of International Finance is seeking a Financial Analyst focused on relationship management and logistics to support the Federal Reserve Board's participation in international forums and organizations, including the Bank for International Settlements (BIS), Group of 20 (G20), Group of 7 (G7), International Monetary Fund (IMF), Organization for Economic Cooperation & Development (OECD), other similar forums, and broader institutional engagement with other central banks and government entities. The International Engagement and Strategy section is dedicated to bolstering the Board's visibility, engagement, and recognition of its economic and financial expertise in global topics. This includes developing and strengthening contacts and managing relationships with staff at other central banks, foreign finance ministries, and other official sector contacts and serving on and supporting various working groups of these international organizations. The section develops and executes the strategy for the Board's international engagement and conducts research and analysis related to emerging and recurring international issues, helping to shape the Board's point of view. The section conducts outreach and prepares briefing books, annotated agendas, talking points, and other materials for international meetings, including the coordination of materials with other divisions. Responsibilities also include coordinating the Board members' participation in and staff work related to international meetings and visitors, including evaluating the background of foreign contacts. The section also leads the Board's interaction with Treasury on the negotiation of meeting communiqués (e.g., G7, G20, IMFC). Summary The financial analyst will work closely with other U.S. government agencies, particularly the U.S. Treasury, and will participate in efforts to promote the Board's visibility, engagement, and influence, in recognition of its economic and financial expertise. With some guidance, the Financial Analyst focused on relationship management and logistics coordinates and supports Board member participation in international engagement, including by providing logistical and strategic support, setting agendas, coordinating bilateral meetings, hosting events and visitors, managing readouts and correspondence, developing institutional relationships and protecting the reputation of the Board by evaluating the background of foreign contacts.
Duties and Responsibilities The Financial Analyst in IES works independently with some guidance, as well as with other staff members, and:
- Provides logistical support for international bilateral and multilateral engagement, coordinating with colleagues at the Board, in the U.S. government and internationally.
- With some guidance, organizes attendance of Board member and senior staff at international meetings, schedules bilateral meetings, and manages correspondence with foreign counterparts.
- Maintains and deepens institutional relationships domestically and internationally, including support for continuity of dialogue across engagements and maintaining accurate records of institutional relationships and engagement.
- Serves as a main point of contact and plays a leading role in hosting high-profile events and high-ranking visitors, including during the upcoming U.S. G20 presidency.
- Contributes to the coordination of public G20 and G7 communique negotiations.
- Protects the reputation of the Board, working, in conjunction with other Board staff, to execute enterprise due diligence procedures for evaluating the authenticity and appropriateness of international interactions, including conducting research on the background of foreign contacts.
- Supports coverage and analysis of topical economic and financial policy issues.
Position Requirements/Qualifications FR-26 requires a bachelor's degree,
plus at least 5 years of relevant work experience (for example, Federal Reserve System or other policy institutions).
FR-27 requires a bachelor's degree,
plus at least 6 years of relevant work experience. More years of experience are preferred. A strong sense of collegiality and teamwork is essential, as is a commitment to fostering an inclusive and diverse workplace. Prior experience with coordination and outreach with international meetings, international organizations, and central banks and other official sector institutions is strongly desired.
Required Skills - Collaboration: Demonstrated ability to collaborate with and influence individuals with differing priorities and interests.
- Communication: Strong oral and written communication skills. Formal writing experience preferred.
- Decision Quality: Makes timely, thoughtful decisions and is adept at problem solving. Exercises excellent judgment, carefully gathers information, seeks diverse opinions, and challenges own biases, listens attentively and critically, exhibits clear thinking.
- Organizational Skills: Set priorities and achievable goals, develops systems to manage competing demands, manages time well, attention to detail, communicates expectations clearly.
- Relationship Building: Has good diplomatic skills and builds collaborative relationships that establish trust and confidence with others across all levels internal and external to the organization.
- Project Management: Routinely participates inprojects or assignments with staff at all levels at the Board and Reserve Banks as well as other institutions. Demonstrates ability to manage large and complex processes and projects.
- Problem Solving: Works with professionalism, initiative, reliability, and maturity of judgment.
- Teamwork: Ability to work well in group settings and to represent the Board in various settings.
This position is in Washington, D.C. and offers a hybrid work environment with opportunities to both telework and work onsite. Travel frequency up to 25%, depending on business needs.