Payroll Business Advisor (Intermediate) at Federal Reserve Bank (FRB) in Richmond, Virginia

Job Description:

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The System Payroll department has an immediate opening for an intermediate level Business Advisor. The Business Advisor will serve as a trusted partner in support of System Payroll’s mission to provide customer-focused payroll services for the Federal Reserve. This role will provide consultation to department leaders regarding business planning, initiatives, and problem resolution. This role will report to the Vice President.

What You Will Do:

• Supports System Payroll in serving as an innovative service provider for the Federal Reserve, providing effective operations and delivering strategic solutions


• Develops a deep understanding of the needs of payroll partners and provides forward-looking solutions to deliver value added payroll services


• Serves as the vendor manager for System vendors that are managed by the department


• Serves as a strategic partner for district payroll partners, helping to proactively identify opportunities and resolve potential payroll issues


• Acts as change agent and promotes continuous improvement to ensure payroll services are provided timely and efficiently, while driving standardization and reducing risk


• Supports department leadership in continuity planning and testing to strengthen operational resilience of payroll


• Monitors key performance metrics and utilizes data to identify and present business process improvements


• Leads cross-functional teams to gather district payroll partner input and implement initiatives/solutions


• Supports leaders in implementing workforce planning to ensure payroll expertise and increased business capabilities


• Supports ad-hoc activities of the operation as needed

Qualifications:

Education and Experience:

• Minimum of 3 to 5 years of experience with proven success in leadership or consulting roles (required)


• Proficiency in Microsoft Word, Excel and PowerPoint (required)


• Workday experience preferred


• Bachelor's degree or related field or equivalent work experience

Knowledge and Skills:

• Payroll experience strongly preferred (processes, tax, garnishments, etc)


• Solid business acumen and strategic thinking


• Exceptional analytical and organizational skills


• Demonstrated ability to build relationships at all levels of the organization


• Thorough knowledge of risk mitigation and process improvement strategies, and project management processes


• Ability to identify and implement innovative strategies and tactics that support business strategy


• Strong oral and written communication skills  

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits


• Pension and 401(k) with employer match


• Paid time off


• Tuition reimbursement


• Employee resource networks


• Paid volunteer leave


• Flexible work options


• Onsite amenities that make working here fun

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.


• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.


• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).


• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.


• The hiring range for the Business Advisor is: Intermediate: $85,000 – 105,000 annually


• Applications are reviewed on a rolling basis.


• The Fifth District provides a hybrid work environment.  This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

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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