Senior Risk Analyst I

Company

Federal Reserve Bank of Boston

Senior Risk Analyst I

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).

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