Senior Risk Analyst II

CompanyFederal Reserve Bank of Boston

Senior Risk Analyst II

Always verify and apply to jobs on Federal Reserve Bank of Boston Careers or through verified Federal Reserve Bank social media channels.
The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Senior Risk Analyst II to join the Large Institution Supervision Coordinating Committee (LISCC) Unit as a member of the LISCC Capital Risk and Analysis (CRA) Horizontal Evaluation Team (HET).

The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest and most systemic financial institutions. The program is implemented by hundreds of staff from multiple Reserve Banks and the Board of Governors. LISCC Capital Program teams execute supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), Horizontal Capital Examination (HCE), other exams, and monitoring and analysis work covering a range of business and financial risk items at large and complex banking organizations.

About the Opportunity

The LISCC CRA HET is seeking an individual to join the Analysis sub-team.

The CRA team is responsible for understanding, identifying trends, and assessing the adequacy of firms’ capital management and planning practices and the contributions and risks posed by the drivers of firms’ capital positions and capital requirements. The Analysis sub-team is responsible for developing and maintaining data tools and analysis products that capture LISCC institution capital positions, management targets, limits, and drivers of capital changes in order to provide data-driven support to baseline monitoring, supervisory planning, and examination scoping both within the CRA HET and across LISCC teams; supporting identification of capital optimization strategies and other novel capital applications; supporting peer teams’ analytics needs as feasible; and monitoring and assessing institutions’ model risk management (MRM) practices and contributing to related risk identification supervisory planning efforts in partnership with LISCC Dedicated Supervisory Teams (DSTs) and other HET staff.

This job is eligible for a hybrid schedule with on-site work and up to 25% travel expected.

The position and job description posted is for a Senior Risk Analyst II; however, candidates will be placed in an appropriate level within the Analyst job family based on the extent of their experience.

Essential Duties and Responsibilities:

• Develop and maintain data tools and analysis products that capture LISCC institution capital positions, management targets, limits, and capital change drivers.
• Analyze trends and new issues related to financial performance, RWA, PPNR, and financial risk management practices across LISCC firms.
• Independently create analyses, visualizations, reports, and other resources for team members and program stakeholders.
• Query data from several sources and develops datasets/databases including components of LISCC firms’ financial performance and capital ratio components including RWA and PPNR.
• Participate in CCAR and other examination efforts.
• Maintain continuous monitoring coverage of firms or industries, as required.
• Prepare concise written conclusions and recommendations concerning complex subject matter.
• Develop and maintain collaborative working relationships and networks throughout the LISCC Program including with the dedicated supervisory teams, other horizontal evaluation teams, other Reserve Banks, and the Board of Governors.
• Maintain knowledge of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
• Other duties as assigned.
   

Requirements:

• Master’s degree with a concentration in finance, economics, accounting, or data science is preferred.
• Four or more years of supervisory and/or industry-related experience including financial institution capital planning/management, financial analysis/research, stress testing, and/or regulatory reporting.
• Previous programming and data analysis experience including proficiency in Tableau development and some combination of SQL, Python, and R strongly preferred.
• Familiarity with regulatory reporting, such as Y-14A, Y-14Q, Y-9C and relevant FRS databases strongly preferred.
• Demonstrated experience interpreting financial statements and risk reports to identify and monitor multiple metrics and indicators measuring bank performance.
• Strong communication skills, as evidenced by the ability to write well and communicate effectively to a range of stakeholders.
• Excellent collaboration and interpersonal skills with ability to work well with others across large and diverse teams.
• Demonstrated ability to take ownership of high-priority deliverables and projects and respond to evolving environment and stakeholder needs.

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.
 

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 TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job Category

Work ShiftFirst (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.

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