Business Analyst, Senior II

Company

Federal Reserve Bank of Boston

All applicants must be a US Citizen or a permanent resident who also resided in the United States for at least the last three (3) years.

This job is based in the Boston office on a hybrid schedule with a min of 50% onsite work expected. The individual is expected to reside in the Boston District.

The Reserves, Credit, and Applications (RCA) Unit of the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Senior Business Analyst in our Lending and Reserves group. The RCA Unit contributes to FRBB’s mission to promote sound growth and financial stability in New England and the nation by effectively serving as a source of liquidity to depository institutions (DIs) within the First District of the Federal Reserve System. We administer the Board of Governors’ Payment System Risk (PSR) policies governing the use of intraday credit for First District DIs, and Reserves policies governing the payment of interest on reserves balances, among others. Additionally, we operate the Discount Window, extending overnight credit to qualifying DIs.  Our reserves and lending activities assist the Board and the Federal Reserve Open Market Committee (FOMC) in implementing monetary policy.

In this position you would be part of a team responsible for supporting day-to-day Reserves, Discount Window, and PSR operations, performing with minimal supervision, and providing leadership on, a wide variety of duties involving the assessment and processing of Discount Window loans to DIs; processing of loans and bonds pledged by DIs to secure loans and overdrafts; monitoring and analysis of financial institution data; analysis of DIs’ account activity to ensure compliance with Reserves and PSR policies, recommending corrective action and/or counseling of DIs, as appropriate; and review/maintenance of  internal processes and procedures.  You would provide supervision over certain daily processes and projects in a back-up capacity.  Additionally, you would collaborate with colleagues across the Federal Reserve System, leading and contributing to strategic projects and workgroups.
 

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

Principal Accountabilities:

• Process workflows and communications for Lending and Reserves activities associated with collateral management, Discount Window lending, and DI account management.  
• Apply strong critical thinking and problem-solving skills promptly and effectively on time-sensitive operational issues and proactively troubleshoot errors. 
• Serve as the central point of contact for Audit-related data requests
• Ensure Business Continuity plans are up-to-date and tested with System colleagues on an ongoing basis
• Analyze business line issues, applying appropriate logic and fact‐finding skills; identify underlying issues or problems and recognize trends/cause‐effect relationships.  
• Provide guidance and constructive feedback to less experienced staff and peers on projects covering work internal to and external to the unit/department. 
• Continuously expand business line knowledge and identify the implications of, and responses to, changing business conditions. 
• Provide analytical and research support for ad hoc assignments of moderate complexity. 

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 3 to 4 years of job-related experience.
• Exceptional analytical and problem-solving skills with demonstrated ability to gather, analyze, synthesize, and identify patterns in data.
• 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 business matters for a variety of audiences.
• Strong attention to detail and ability to manage time to meet daily work stream demands. 
• Ability to understand a variety of established systems and data sets, with knowledge of MS Excel and advanced tools as appropriate to analyze information and perform root cause analysis.

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.<