Senior Business Analyst II

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Job description

Company Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

Overview of Team/ Function:

The Statistics Unit at the Federal Reserve Bank of Boston is structured under the Supervision, Regulation, and Credit Department. We collect and analyze financial data submitted to the Federal Reserve Bank by a variety of institutions, to ensure that the reported data are "reasonable" and fit for their intended use of supporting monetary policy and financial stability efforts. Data from our unit also are used to develop surveillance models, which our examiners and analysts use to determine the financial condition of banking institutions.

We have an opening on our financial reporting team for a Business Analyst, Senior II. Reporting to the Statistics Manager, you will perform a wide array of financial and business analyses on reported regulatory data and analyze and assess firms' compliance with regulatory reporting standards. As a Business Analyst, Senior II, you must maintain a curiosity about data and an analytical thought process that uses tools and experiences to examine data and work with Federal Reserve System peers, management, and external groups on the provisioning and quality of data.

Responsibilities:

• Provide financial and business analyses that highlight data issues, and present contextual information that supports the reasonableness of the reported data.
  
• Recognize, identify, and document data anomalies, trends, and cause-effect relationships to ensure compliance with business policies and regulations and to communicate with multiple stakeholders about needed corrective actions related to data quality and compliance.
  
• Summarize multiple sources of information concerning data collections and relationships of varying sizes and degrees of complexity to produce well-supported and influential analyses and inquiries.
  
• Build effective-working relationships with reporting firms' financial management teams and Board analysts.
  
• Work with local and national colleagues to support data analyses and regulatory reporting projects.
  
• Identify new issues and trends with reported data, and their potential impact on firms' regulatory reporting and operating performance.
  
• Collaborate on and contribute to local and national programs that support the strategic direction of the Reserve Bank and System.
  
• Research potential changes to important accounting rules, laws, regulations, and supervisory policies, and evaluate their relevance to, and impact on institutions.
  
• Assist the Statistics Manager by providing guidance and mentoring to more junior analysts, along with offering objective feedback.
  
• Responsible for the daily operational oversight of approximately four staff members.
  
• Advance and support diversity and inclusion efforts, and encourage diverse perspectives and approaches.
  
  

Qualifications:

• Master's degree in Finance, Accounting, or a related discipline or equivalent.
  
• 4 years of job-related financial reporting or operations experience.
  
• Strong conceptualization skills, including assessing information, proposing a solution, and implementing a decision.
  
• Deliver communications that convey technical topics in simple, concise terms, with all levels of bank and depository institutions' management and staff.
  
• Experience connecting with all levels of an organization.
  
• Financial statement analysis.
  
  

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
  
• 401K match, and a fully funded pension plan
  
• Paid vacation and holidays; flexible work environment, healthy workflow
  
• Generously subsidized public transportation
  
• Annual tuition reimbursement
  
• Professional development programs, training and conferences
  
• And more...
  
  

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

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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