Sr Financial Institution Policy Analyst I, Innovation Policy- Division of Supervision and Regulation

3 weeks ago


Washington, United States Disability Solutions Full time
Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

Senior Financial Institution and Policy Analysts work under regular guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the primary contributor and may lead projects and teams and often represent the Section or Division on projects and task forces. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.

Duties and Responsibilities
  • Senior Financial Institution and Policy Analysts perform the following responsibilities with regular guidance:
  • Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
  • Prepare and deliver clear, accurate and concise communication orally and in writing
  • Share information and make recommendations regarding projects and work for Section/Project Teams/Division or external stakeholders
  • Serve as primary contributors and may lead projects or teams in the accomplishment of work
  • Provide guidance to junior or new staff
  • Represent the Section or Division on group projects or task forces
  • Advise senior staff and managers
  • Develop areas of domain expertise
  • Senior Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:
  • Data Analysis
    • Produce charts, graphs, and other visuals to help analyze data
    • Identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
    • Identify data that can be used to analyze policy
  • Examination and Supervision
    • Participate in and/or lead examinations and/or reviews
    • Support and implement supervision and/or oversight policies and programs
  • Financial Analysis
    • Perform analyses of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
    • Clearly present analyses of financial, regulatory, and compliance data
    • Identify relevant issues and trends and draw conclusions through analysis of financial, data
  • Policy
    • Interpret and/or implement policy, regulation, and/or guidance regulatory, and compliance
    • Draft policy recommendations supported by logical reasoning and sound analysis
  • Risk Management
    • Identify and analyzes emerging risks in financial institutions and markets, and/or for consumers and communities
    • Apply appropriate risk management frameworks and policies to support oversight of financial institutions
  • Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.
  • Monetary Affairs (MA): Senior Financial Institution and Policy Analysts develop and design analysis independently with broad administrative guidance while working with and possibly leading counterparts throughout the Board to execute the Division's responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.
  • Reserve Bank Operations and Payment Systems (RBOPS): Senior Financial Institution and Policy Analysts 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.
  • Supervision and Regulation (S&R): Senior Financial Institution and Policy Analysts perform in-depth analyses related to banking supervisory or regulatory activities involving complex and sensitive issues. They participate fully in, and may conduct, special studies or projects related to financial institution supervision and regulation, and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda to keep the Board, Division management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.


Position Requirements

A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master's degree in a related field and 3 years of related experience (FR-26) or A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 6 years of related experience, or a master's degree in a related field and 4 years of related experience (FR-27).

REMARKS:

Remarks:

The Sr. Financial Institution and Policy Analyst will be a member of Innovation Policy Section within the Board's Supervision and Regulation Division, supporting the group's efforts to develop appropriate policy tools to address risks that might arise from innovation in banking. Areas of responsibility can include bank-fintech partnerships, including banking-as-a-service relationships, crypto-assets, blockchain, third party risk management, and open banking. The team also works closely with other Divisions at the Federal Reserve Board to conduct analysis on emerging issues, such as novel activity occurring outside the regulatory perimeter.

Specific responsibilities of the position:
  • Conducts research and analysis related to emerging technologies such as blockchain, open banking, cloud-computing and application programming interfaces, their application in banking, and related risks and benefits.
  • Identifies and monitors emerging business models and partnerships that leverage technology and fintech relationships, to deliver banking products and services.
  • Identifies gaps in third party risk management framework, and develops appropriate policy responses.
  • Drafts policy guidance for supervised institutions.
  • Supports the development and execution of analytical projects involving large confidential datasets to give insight into novel, complex policy issues.
  • Analyzes and prepares written memoranda or research on complex policy issues.
  • Performs ad hoc projects and special studies.
  • Assists in developing materials for briefings to senior leadership.


The ideal candidate should have:
  • understanding of or prior experience in relevant areas such as third-party risk management, cryptocurrency, blockchain, open banking, application programming interfaces, cloud computing, data aggregation services, data security, marketplace lending, or payment system
  • the ability to write about complex concepts in clear well-structured prose
  • technical and intellectual agility, analytical thinking, attention to detail
  • ability to collaborate, develop rapport and credibility with a variety of stakeholders at the Board and other US financial regulatory agencies
  • ability to distill complex information, identify appropriate options or solutions and evaluate potential implications of a given approach
  • excellent project management, time management and organizational skills to manage multiple and often conflicting priorities effectively
  • relevant knowledge regarding finance, financial institutions, bank regulation, and economic trends
  • familiarity with the laws and regulations governing the operations of banks, bank holding companies, and related non-banking activities
  • perspective, sound judgment, diplomacy, tact
  • strong written and verbal communication skills
  • ability to handle confidential information and data


A writing sample/assessment may be requested.

Travel is infrequent.

Note: This position is located in Washington DC and will require on-site presence 4 times per month and as business needs require.

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