Business Analyst, Senior II

Company

Federal Reserve Bank of Boston

Business Analyst, Senior II

This job is eligible for a hybrid schedule (50% of your working days) with some on-site work expected.

The Large Bank and Insurance (LBI) Unit and Large Institution Supervision (LISCC) Unit, of the Supervision, Regulation, and Credit (SRC) Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Senior Business Analyst. The supervisory units focus on ensuring the safety and soundness of our largest financial firms and the fair and equitable treatment of consumers. Through periodic onsite evaluations and offsite continuous monitoring, this function plays a critical role in ensuring that financial institutions comply with laws and regulations, are in sound financial condition, and utilize sound practices to mitigate their risks.
 

In this position you would be part of a team responsible for providing a wide array of business support and assistance in managing and administering the critical operational activities of the LBI and LISCC Units. The Senior Business Analyst will demonstrate a highly advanced understanding of broad and deep supervisory and operational knowledge across LBI and LISCC portfolios. The Senior Business Analyst is actively involved in all aspects of supporting both Units’, including strategic planning, resource management, budgeting, records, and operational/administrative support. In this capacity, the Senior Business Analyst will oversee complex projects, including managing workflow and adjusting and realigning scopes, assignments, deliverables and deadlines. Additionally, the Senior Business Analyst will collaborate with colleagues across the Federal Reserve System and Department, leading and contributing to strategic projects and/or workgroups.
 

Principal Accountabilities:

• Ensure LBI and LISCC operating policies and procedures are up-to-date and tested for compliance on an ongoing basis. Assist with the development and implementation of quality control processes for the Units’ and ensure that all issues identified for internal and external party reviews are appropriately addressed.
• Develop internal processes and training programs for staff that ensure knowledge of and ongoing compliance with supervisor and System requirements. Collaborate effectively with department and System training experts and facilitate local processes in support of the Large Financial Institution Examiner Commissioning Program (LFI ECP).
• Manage projects efficiently providing leadership over critical administrative requirements of LBI and LISCC including those related to budgeting, team building activities, information security, business continuity, and records management. Provide guidance and constructive feedback to less experienced staff and peers.
• Participate on/support various local and System committee initiatives. Maintain a broad knowledge of emerging issues and ongoing developments in supervision of large financial organizations as well as a strong understanding of current risk management practices in financial services industry.
• Process workflows and communications for LBI and LISCC exam teams in a timely manner with little to no oversight.  Discuss moderately complex to complex issues with any stakeholder and manage the communication process. Demonstrate the ability to adjust quickly to new and different priorities, support the agreed upon decisions and help others to understand, and evolve skills to meet business needs.
• Apply strong critical thinking and problem-solving skills promptly and effectively on time-sensitive operational issues and proactively troubleshoot errors.
• Analyze business line issues, applying appropriate logic and fact‐finding skills; identify underlying issues or problems and recognize trends/cause‐effect relationships.
• Continuously expand business line knowledge and identify the implications of, and responses to, changing business conditions.
   

Qualifications:

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master’s degree in a related field and a minimum of 7 years of job-related experience that demonstrates applicable technical knowledge.
   

Key Competencies:

The following skills are required:

• Exceptional critical thinking, including the ability the deal with ambiguity, strong analytical, problem-solving, and decision-making capabilities.
• Demonstrated intellectual curiosity, independent thinking and decision-making abilities with a desire to continuously expand knowledge skill set within areas of expertise.
• Proficient written and verbal communication skills, including presenting moderately complex to complex business matters for a variety of audience