Sr Business Analyst

Position Description

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

The Senior Business Analyst is responsible for providing analytical support to division leadership, including design and implementation of business processes and programs. The senior analyst collects, maintains, and disseminates business data and information pertaining to a broad range of division programs and activities, and makes recommendations to increase efficiency and streamline processes through sustainable process improvement. Provides analytical services to the development of effective strategies, efficient financial management, and collaborative resource allocation. Provides quality information and services that enable our leaders to make informed decisions and proactively manage their business.

Duties and Responsibilities

• Manages a broad range of activities dealing with moderately complex, sensitive, and conceptual issues addressing an array of management issues. Conducts complex analysis, including financial and statistical analyses, and makes recommendations to division management regarding operational, strategic, and policy issues.
• Reviews, designs, recommends, and implements new systems, programs, policies, and procedures based on strong knowledge of information management, business process improvement, financial management, data analytics and visualization, and project management best practices.
• May take lead role in developing and implementing efforts to promote electronic collection, acquisition, and dissemination of data and information. Develops appropriate methodologies, policies, and procedures for collecting, storing, analyzing, and presenting data and related work products. Identifies, evaluates, and recommends new analytical software or PC applications to assist in the collection, analysis, or dissemination of information.
• Facilitates the use of data to support the needs of division management and staff. Designs and develops new information reporting and visualization products and tools. Manages the timeliness and integrity of business data and related work products.
• Supports division management and staff in obtaining related business and program data. Performs complex data analysis in support of ad-hoc and standing user requests. Answers inquiries from senior staff, management, and other Board divisions about reporting issues, data content, and related topics.
• Serves as a team member and may lead section, Division, or Board projects and initiatives. Provides business and technical knowledge to less experienced team members. Contributes to definition of project parameters. Drafts project reports and memoranda. May assist Project Leader or Manager with project coordination.
• Serves as liaison between RBOPS project teams, technical, and non-technical departments in order to ensure that all requirements and objectives are met. Communicates in a thoughtful, collaborative, and effective manner that helps foster strong relationships. Serve as the internal central point of communication by sharing pertinent information and expertise with stakeholders,
• Drafts and conducts division-level communication and training activities, and contributes to the creation and development of documentation and related materials to support those activities.
• Develops own professional skills. Identifies appropriate directions for own professional development, and initiates activities to bring about that development.

Position Requirements

Position requirements:

FR26- Requires a bachelor's degree in economics, finance, accounting, business administration, public policy, information technology, or related fields and a minimum of 5 years of related experience in information management, business process improvement, financial management, data analytics and visualization, and project management, or equivalent combination of training and experience. Excellent consulting, oral and written communication, information technology, and statistical and financial analysis skills. Demonstrated ability to manage large, complex projects and integrated project teams.

FR27- Requires a bachelor's degree in economics, finance, accounting, business administration, public policy, information technology, or related fields and a minimum of 6 years of related experience.

Principal Duties and Responsibilities

1. Manages a broad range of activities dealing with moderately to very complex, sensitive, and conceptual issues addressing an array of management, procurement and contracting issues. Will serve as the central coordinator of the cash teams' Contracting Officer Representatives (CORs) and may serve as a COR on key contracts. Makes recommendations to division management regarding operational, strategic, and policy issues related to procurement and contracting initiatives.

2. Serves as a team member and leads section, Division, or Board projects and initiatives primarily related to procurement and contracting. Provides business and technical knowledge to team members and colleagues. Contributes to or leads definition of project plans. Drafts project reports and memoranda. May assist Project Leader, Manager or Officer with project coordination.

3. Serves as liaison between RBOPS project teams and other Board staff (e.g., Board Procurement and Contracting Officers) in order to ensure that Cash program requirements and objectives are met. Communicates in a thoughtful, collaborative, and effective manner that helps foster strong relationships. Serve as the internal central point of communication by sharing pertinent information and expertise with stakeholders.

4. Reviews, designs, recommends, and implements new systems, programs, policies, and procedures based on strong knowledge of procurement and contracting, business process improvement, financial management, data analytics, and project management best practices.

5. Develops appropriate methodologies, policies, and procedures for collecting, storing, analyzing, and presenting data and related work products.

6. Drafts and conducts division-level communication and contributes to the creation and development of documentation and related materials to support those activities.

7. Develops own professional skills. Identifies appropriate directions for own professional development, and initiates activities to bring about that development.

Problem Solving: Works with a high degree of professional independence, technical authority, initiative, reliability, and maturity of judgment. Frequently consults with senior staff and division leadership and experts at other Board divisions. May develop and recommend policies and innovative approaches to complex issues. Sees connections and implications and evaluates alternatives. Uses knowledge acquired from prior assignments to build an understanding of complex concepts and processes.

Complexity: Develops measures for and analyzes moderately to very complex, sensitive, and conceptual issues and data. Assesses the extent to which new approaches and policies are consistent with the strategic direction of the division and Board, being mindful of the variety of needs of stakeholders. Develops and recommends new approaches and policies. Effectively resolves complex and difficult management questions. Evaluates and prioritizes multiple assignments. Seeks opportunities to participate and lead priority projects. Easily transitions across various tasks and roles.

Impact of Actions: Decisions and recommendations may affect management activities and the operations of the division, the Board or the Federal Reserve System. Work may also affect projects and relationships with other Board divisions. Participates on project teams and comfortably fulfills multiple roles (e.g., facilitator, member, subject matter expert, project lead, etc.). Shares information and knowledge with stakeholders and other analysts. Addresses stakeholder needs (internal and external) and functions as a resource to stakeholders. Demonstrates vested interest in stakeholder success by taking initiative to meet stakeholder requirements.

Communications: Works with all levels of the Board's staff. Participates and may lead work or project teams consisting staff from this and other Board divisions. Possesses strong consulting, oral and written communications skills. Articulates moderately complex issues clearly to stakeholders. Able to effectively present moderately to very complex topics to large audiences and senior-level management. Communicates in a thoughtful, collaborative, and effective manner that helps foster strong relationships within the division and the Board. Ability to work well in group settings and to represent the division's interests on various Board initiatives.

Supervisory Level: Works with a degree of independence, planning, and carrying out projects with minimal guidance provided by the supervisor. Suggests new initiatives to supervisor. Work is reviewed for compatibility with long range direction or other policy requirements. Exhibits a strong knowledge of division policies, procedures, and processes, and contributes to process improvement efforts. Function as business or technical resource to colleagues and Board counterparts.

Remarks:

This position will support all cash sections within the Division with procurement activities but will sit within the Banknote Issuance and Cash Operations (BICO) section. BICO supports the Board in meeting its statutory responsibilities under the Federal Reserve Act to issue Federal Reserve notes and to oversee the Reserve Banks' provision of currency and coin to depository institutions. Responsibilities of the BICO team include determining the Board's annual order for new currency and managing the Board's annual new currency budget. This analyst will work closely with BICO staff managing the budget to ensure procurement deadlines are met, coordinate and lead CORs across all cash sections, and serve as central point of contact with Procurement colleagues.

Prior experience working in procurement and contracting intensive projects is required. Need not have been a procurement specialist or contracting officer.

A background investigation in support of a security clearance may be required for this position. Having an existing, transferable, clearance is desired but not required.

A writing sample/exercise may be requested.

*This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite. Relocation assistance is available.

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