Financial Analyst at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.

This position will offer workplace flexibility e.g. working remotely or on site as needed/ desired during the week. Employees can expect to be in the office weekly as needed for meetings and team collaboration and should live within a commutable distance. The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person a couple days a week.

What we do: 
The Regional, Community, Foreign Institution and Consumer Compliance (RCFI) Function is responsible for supervising and regulating state member banks, bank holding companies and foreign banking organizations in the United States.  Candidates should have broad prior experience in financial examinations, strong analytical and problem-solving skills, and excellent written and verbal communication abilities.  The successful candidate will be expected to leverage those skills in evaluating financial organizations’ relevant risk management practices and risk profiles. 

Your role as Financial Analyst:
As a Financial Analysis Analyst, the candidate is responsible for monitoring and assessing the financial performance of institutions in the RBO portfolio.  This includes:

• Assisting in the execution of safety and soundness examinations and inspections, and the development of messaging to institution management.




• Integrating information from Risk Specialists, Supervisory Managers, and other specialists about firms’ financial risk management framework.




• Conducting reviews of Bank Holding Company capital action request to ensure compliance with capital dividend guidance and regulations.




• Conducting periodic analyses of financial and other information received from supervised institutions to contribute to the updating of Supervisory Plans, Risk Assessments, or Institutional Overviews as needed.




• Analyzing current industry practices, conditions, and trends and identify inherent or emerging risks or themes to influence or impact supervisory decisions.




• Identify strategies, risk and exposure levels at financial institutions to assess risk management practices and the adequacy of risk management systems. Develop and recommend supervisory actions that are commensurate with risk profiles and are based on sound and supportable conclusions.




• Monitoring market developments and emerging trends by tracking relevant external sources (media, analyst reports, etc.).




• Participating in meetings by presenting supervisory observations and conclusions to Federal Reserve management, the Board, and the supervised institution at various organizational levels, including senior executives and committees.




• Collaborating with Supervisory Managers to ensure the continued development of analytical tools to aid in the successful identification of emerging risks, trends, and related metrics to support ongoing monitoring of financial conditions. 




• Developing, maintaining, and enhancing relationships with management and staff of supervised institutions in the Department, and other areas within RCFI.



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  Prepare and deliver:

  
  
  
  

  • Product memos, report comments, risk assessments and other materials that support examination findings and supervisory decisions.

  
  

  • Clear and well-developed presentations, including examination and supervisory issues to Federal Reserve management and staff, other supervisory authorities and the supervised institution at various staff and executive levels, as needed.

  
  
  
  

What we are looking for:

• Intermediate skills in ability to analyze financial data, regulatory reports, and management information reports from institutions.




• Excellent written and verbal communication skills, with the ability to synthesize information effectively and the ability to lead discussions on complex supervisory issues.




• Strong analytical, problem solving, critical thinking, and decision-making skills, with an ability to remain poised and make difficult decisions in a timely and pragmatic manner.




• Ability to assimilate new information quickly and manage a variety of responsibilities simultaneously.




• Self-management, as evidenced by the ability to take initiative and ownership of assignments, produce results under tight time constraints both independently and part of a team.




• Ability to apply knowledge of the financial industry, sound practices, banking principles, regulations and examination procedures to the supervision of a cross section of institutions; mine existing information for cross-institutional themes and issues to provide insight regarding institutions, industry practices and emerging risks that is forward-looking and consistent with strategic concerns.




• A strategic thinker, who takes a broad view of the Bank, System and external environment; makes connections and devises forward-looking strategies.




• Strong collaboration skills and ability to build effective working relationships within Supervision and with stakeholders external to Supervision (e.g., Board staff, other supervisory agencies).




• Advanced degree preferred in Finance, Economics, Public Policy or related field




• Occasional domestic travel between 20 – 40 percent may be required.




• Familiarity with the risk-focused supervision process and the examination process for domestic banks and bank holding companies.




• Commitment to completing the Examiner Commissioning Program, if not already completed.




• Prior Regulatory experience is helpful.

Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match




• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)




• Subsidized Public Transportation Program




• Tuition Assistance Program




• Onsite Fitness & Wellness Center




• And more

Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Incumbent must be fully vaccinated against COVID-19, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief. 

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Supervisory/Management

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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