Banking Data Quality Analyst at Federal Reserve Bank (FRB) in St. Louis, Missouri

Job Description:

Company

Federal Reserve Bank of St. Louis

The Statistics function plays an important role in the Federal Reserve System collecting financial, banking structure, survey, and contextual information and providing data management services to ensure information is fit-for-use for policymakers and end-users to accomplish the Federal Reserve’s monetary policy, supervision and regulation, and fiscal agency responsibilities. The data provided are used to construct and interpret monetary aggregates and reserve measures, evaluate the safety and soundness of the U.S. financial system, and determine compliance with regulations and restrictions.

You will be part of a team of data quality analysts reporting to a manager in the Statistics department which collects and analyzes reported financial, regulatory, and structure data submitted by depository institutions, bank holding companies, savings and loan holding companies and nonbank entities located in the Federal Reserve’s St. Louis District, ensuring accurate information for data sponsors. Analysts review a variety of submitted financial and regulatory data, communicate with financial institutions to ensure the data are accurate, develop approaches to improve data quality practices, and work with other Reserve Banks and the Board of Governors’ Statistics sites. You will work onsite in our St. Louis office.

Responsibilities

• Collect and validate the accuracy, quality, and completeness of submitted financial institution data using accounting and banking knowledge and a variety of data quality tools, and provide explanatory comments for atypical financial information




• Pursue data quality practice improvements that align with data sponsor priorities, collaborate with other Reserve Bank and Board of Governors Statistics sites to identify data quality practices that ensure data are fit-for-use and design novel data quality solutions and methodologies




• Provide analytical research assistance for collected data end-users, including monitoring and reporting on accounting pronouncements or policy changes that impact reported data




• Develop relationships with respondent firms to educate them on how to report accurate data to the Federal Reserve. Conduct outreach and educate respondent firms on report form and regulatory and accounting changes that impact data reporting




• Query databases for requested information. Analyze banking industry datasets




• Participate in and/or lead Federal Reserve System Statistics workgroups

Qualifications

• Bachelor’s degree with an emphasis in accounting or finance, or a similar field of study, or commensurate experience




• 2+ years of relevant work experience




• Ability to analyze financial or organizational structure reports, draw conclusions, and present findings to internal and external audiences




• Experience retrieving and analyzing financial data from queryable databases or applications using SQL, Python, or other data science tools a plus




• Candidates with less experience may be considered for a lower job grade or salary·      




• St. Louis based - Hybrid policy: in-office a minimum of three days per week




• Travel (<10%)

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: 70,000 - 95,000

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can truly find balance:

• Generous paid time off




• Flexible on-site work arrangements




• Tuition & Training assistance/reimbursement




• 401(k) match




• Pension plan




• Top-notch health care benefits




• Child and family care leave




• Professional development opportunities




• And more...

At the Federal Reserve Bank of St. Louis, we believe the Federal Reserve most effectively serves the American public by building a more diverse and inclusive economy. Our commitment to diversity and inclusion, at all levels of the organization, has been one of our core values for many years and remains strong as we continue enhancing our efforts. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

Work Shift

First (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.

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