Senior Risk Analyst I, Non-Banks and Financial Stability

Company
Federal Reserve Bank of Boston
Senior Risk Analyst I, Non-Banks and Financial Stability
The Supervisory Research and Analysis Unit (SRA) is an interdisciplinary group of professionals (PhD economists, financial market analysts and specialists, accountants, and research assistants) that conduct research and analysis aimed at supporting the Federal Reserve Bank of Boston's supervision and regulation efforts. SRA staff produce research papers that generally focus on the banking industry and broader credit markets, the impact of micro- and macro-prudential policy on financial markets, and developments that could raise financial stability issues. SRA also makes meaningful contributions to the Federal Reserve System's efforts to identify and monitor potential financial stability risks, and routinely advises senior Bank leadership on related matters. Finally, SRA supports the Bank's participation on several System initiatives, including the Conference of Presidents Financial Stability Committee, Quantitative Surveillance Group, Model Oversight Group, Large Institution Supervision Coordinating Committee (LISCC) Monitoring and Analysis Program, and LISCC Liquidity Steering Committee.
Job Summary:
The SRA unit in the Supervision, Regulation, and Credit department of the Federal Reserve Bank of Boston has an opening for a Senior Risk Analyst I to provide data, analytical, and research support to senior management. As a Senior Risk Analyst I, you will be responsible for data analytics, identifying emerging issues, and conducting research on wide variety of non-bank and broader financial market topics, including money market mutual funds and short-term funding markets, for the team's key stakeholders, including FRBB Executive Management and Board staff. The ideal candidate would possess a strong aptitude for independent, financial-based analysis with a strong attention to detail, have a demonstrated capacity to work with data, would be intellectually curious, have solid communication skills, plus an ability to work within teams and across all organization levels. We are looking for individuals with a Masters degree in business/finance and/or economics or CFA or other equivalent and 3 years of work experience in a financial institution, regulatory agency, public policy institute, or related organization (preferably in a research-based role).
This job is eligible for a hybrid schedule (50% of your working days) with some on-site work expected.
The position and job description posted is for a Senior Risk Analyst I; however, candidates will be placed into an appropriate level within the analyst job family based on the extent of their experience.
Principal Responsibilities:

• Design, support, and execute high quality analysis and visualizations related to the non-bank sector and financial markets working closely with senior management.
• Develop strong knowledge of the non-bank sector, including money market mutual funds, and short-term funding markets to support the identification of emerging risks and trends.
• Develop and maintain key data and analytical tools in Excel (or more advanced databases) using financial sector indicators, regulatory data, and other economic/market data as needed to enhance the team's monitoring, analysis, and research.
• Analyze policy developments in the non-bank space to assess their potential impact on financial stability.
• Produce charts and tables for research publications and meetings using Excel and Powerpoint.
• Participate on System research projects and regular presentations of research and analytical work to FRBB Executive Management.

Key Competencies:

• Excellent research and analytical skills;
• Strong communication skills, including effective written and verbal presentation skills, and an ability to convey complex issues to a diverse set of audiences;
• Working knowledge of and strong interest in the non-bank sector and broader financial markets;
• Sound judgment, excellent organizational skills, and ability to work on multiple assignments simultaneously, prioritize work, and meet deadlines;
• Proficient with MS collaboration suite (e.g., PowerPoint, Word, Excel);
• Previous programming and data analysis experience in some combination of SQL, Python, and R strongly preferred.

Other Accountabilities:
Ability to travel (up to 10%) required.
Knowledge and Experience:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree in business/finance or economics (or CFA or equivalent) plus 3 years of related work experience (preferably at a financial institution in a research-based role).
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.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests - such as stocks or bonds - from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
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.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice