FINANCIAL STATISTICS ANALYST I

Collect, monitor, analyze and ensure the integrity of financial institutions prepared non-complex or semi-complex financial and structure reports including: income and balance sheet statements, consolidated statements and other accounting statements and bank structure reports. Analyzes statements and reports in accordance with Board of Governors (BOG) and other FR guidelines for use in support and determination of the safety and soundness of banking organizations, monetary policy, and reserve bank operations. Contacts and counsels reporting entities. This is entry level work under direct supervision.

• Collect, evaluate, and analyze bank financial and structure reports under direction using standard applications and software.
• Work with guidance and consults with senior staff and management in review and evaluation of data anomalies and bank explanatory information.
• Refer complex or unusual cases to senior staff or management.
• Monitor deadlines and provides senior staff with periodic status reports and interacts with other analysts to ensure completeness of data and resolution of discrepancies.

Analytical

• Edit and analyzes non-complex structure data and financial reports and statements for conformity with accounting principles and regulatory requirements.
• Communicate with financial institutions to investigate and resolve unusual fluctuations in data.
• Develop comprehension of basic and extended editing concepts.
• Apply basic analysis, editing, data extraction, and viewing techniques to analyze data, detect errors, maintain accurate reporting panels and provide meaningful explanatory information.
• Understand the business or financial condition of assigned institutions.
• Successfully complete select courses and/or on-the-job training to deepen and broaden functional knowledge including applicable regulations and developments related to the banking industry, as well as data retrieval techniques and editing methodologies.
• Enhance professional development by reading technical memoranda, report instructions, user guides, press releases, and other professional literature.
• Demonstrate basic knowledge of bank accounting and banking regulation.

Other duties and responsibilities

• May assist in the drafting and review of memos and reports; may comment on proposed reporting or regulatory changes and processing procedures.
• May provide assistance to new staff in daily processing and basic extended editing concepts.
• May participate in department projects, and support System workgroup members.
• Performs work using well-defined instructions, policies, and procedures, under direct supervision in some assignments. Otherwise, operates under general supervision for assignments that proficiency has been demonstrated.
• Complies with all applicable information security policies, guidelines and practices.

Education and Experience:

Bachelor's degree (concentration in accounting, finance, or management) preferred; or equivalent related work experience and education is required.

Knowledge and Skills:

• Strong analytical skills
• Strong critical thinking skills
• Strong written and verbal communication skills
• Strong organizational and time management skills
• Skilled use of Microsoft suite (e.g. Excel, Word, PowerPoint) Familiarity with financial and banking structure data is preferred.
• Database or statistical software for data analysis is preferred.

Physical Requirements:

• Participation on System wide workgroups, training, conferences, etc. may require overnight travel by train, air, and automobile.
• Ability to use a computer and related devices for extended periods of time.

Other Requirements:

• Must be able to work extended hours (including weekends) at the request of the Board of Governors.

The salary grade for this position is: Grade 9.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “[email protected]”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [email protected].
• 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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
• We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
• Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate). 
• All employees 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.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities 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.
• This is not a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.