Senior Business Operations Analyst - National Programs, Policy and Risk (NPPR) - Supervision and Regulation Department

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago’s Wholesale Credit Risk Center (WCRC) uses data, analytics, and models to inform banking supervision. Whether creating analytical tools used for the ongoing monitoring of credit markets or modeling wholesale credit to identify emerging risks, the WCRC applies analysis in innovative ways to help supervise the financial system. As such, the WCRC is looking for an enthusiastic individual who can design, implement, and execute on business and operational processes around data management and the delivery of analytical tools and reports.

Department Overview:
The WCRC, housed within the Supervision and Regulation department, plays a critical role in the Federal Reserve System’s core mission of maintaining a healthy financial system. The Federal Reserve is mandated to foster the stability, integrity, and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance. This includes a macro-prudential approach to banking supervision. To this end, the WCRC collects and analyzes both bank and industry wholesale credit risk data, provides a horizontal perspective of wholesale credit risk management practices, and supports supervision of capital adequacy and stress testing for wholesale credit exposures. Staff of the WCRC form the core of Federal Reserve System teams that develop loss models for wholesale lending and assess such modeling efforts at systemically important financial institutions. The WCRC also partners with the Federal Reserve Board of Governors to execute Shared National Credit examinations.

Your Responsibilities:

• Partner with IT, procurement, third-party data vendors, and data users to develop and communicate stakeholder requirements.

• Support and coordinate efforts around controls to ensure data integrity and adherence with requirements and guidelines

• Act as a knowledge resource or business partner in the area of licensed wholesale credit data

• Generate ideas for and lead process improvement initiatives and participate in control activities that establish, maintain, and validate standards for the functional area

• Lead in the determination, recommendation, and execution of best practices.

• Develop and implement project plans, timelines, and milestones for moderate to highly complex projects

• Prepare and present both orally and in written form, conclusions and recommendations of varying complexity for department, Bank and/or System

• Build and maintain strategic work relationships and networks with both internal and external stakeholders, such as other Reserve Banks and the Board of Governors

• Serve as a mentor and/or coach; provide technical expertise and constructive feedback; train and help develop staff members

Your Background:

• Bachelor's degree or equivalent experience

• Five plus years of direct work-related experience

• Demonstrates the ability to understand Department subject matter and processes the ability to help others to do so; demonstrates the ability to apply complex concepts and interdependencies in completing tasks

• Demonstrates advanced analytical and problem solving skills

• Demonstrates independent and critical thinking and decision making abilities as well as have strong written and oral communication abilities

• Demonstrates ability to provide effective direction or consultation

• Ability to provide guidance and constructive feedback to less experienced staff and peers

• Possesses strong teamwork skills and the ability to build and work collaboratively within and across work teams

• Demonstrates the ability to effectively lead a project and project team without authority and to resolve moderately complex to complex issues within project

• Demonstrates the ability to manage time and projects effectively by adjusting quickly to new and different priorities

• Demonstrates aptitude to leverage relevant technology and software applications

• Possesses general business acumen

What we Offer:

• Comprehensive benefits package, including medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off and transit benefit.

• A continuous learning environment with opportunities to gain new skills and grow your career.

• Onsite gym and subsidized cafeteria.

Location: This position is remote work mode eligible. The hybrid flex work mode is also available if it is a preference to the selected candidate.

Other Requirements:

• This position requires access to confidential s