Financial Institution & Policy Analyst, Policy Planning & Coordination - FS at Federal Reserve Board of Governors in Washington, Washington DC

Job Description:

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

1

Summary

Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.

Duties and Responsibilities

• Financial Institution and Policy Analysts perform the following responsibilities under regular supervision:


• Perform quantitative and/or qualitative analysis in support of FRB mission, Division goals, and Section objectives


• Assist senior staff by providing support, information or analysis


• Prepare and deliver clear, accurate and concise communication orally and in writing


• Share information and ideas regarding projects and work for Section/Project Teams


• Perform assigned project tasks


• Support Section or Division in areas of expertise


• Begin to develop areas of expertise


• Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:


• Data Analysis
  


• Supports in producing charts, graphs, and other visuals to help analyze data
  


• Helps identify relevant issues, trends and draw conclusions through analysis of quantitative and qualitative data
  


• Helps identify data that can be used to analyze policy


• Examination and Supervision
  


• Participate in and/or lead examinations and/or reviews
  


• Support and implement supervision and/or oversight policies and programs


• Financial Analysis
  


• Supports in performing analysis of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
  


• Clearly present analysis of financial, regulatory, and compliance data
  


• Helps identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data


• Policy
  


• Helps to interpret and/or implement policy, regulation, and/or guidance
  


• Participate in drafting policy recommendations supported by logical reasoning and sound analysis


• Risk Management
  


• Helps to identify and analyze emerging risks in financial institutions and markets, and/or for consumers and communities
  


• Apply appropriate risk management frameworks and policies to support oversight of financial institutions


• Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.


• Monetary Affairs (MA): Financial Institution and Policy Analysts conduct their duties while working with counterparts throughout the Board to execute the Division's responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.


• Reserve Bank Operations and Payment Systems (RBOPS): Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to projects involving Federal Reserve Banks' policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They may collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks' management.


• Supervision and Regulation (S&R): Financial Institution and Policy Analysts perform analyses related to banking supervisory or regulatory activities. They may participate in special studies or projects related to financial institution supervision and regulation, and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda, reviewed by their supervisor, to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.

The Policy Planning & Coordination (PPC) group in the Division of Financial Stability is responsible for managing the collaborative processes to execute key financial stability products, the public Financial Stability Report (FSR) and the internal Quantitative Surveillance (QS) report. The FSR is on a semiannual cadence, whereas the QS report is completed quarterly. The PPC group supports the Division's strategic engagement on U.S. financial stability issues in domestic fora, such as the Financial Stability Oversight Council. In collaboration with staff from several divisions of the Federal Reserve Board (Board) and Reserve Banks, PPC provides for consistent and accurate communication on financial stability topics to support our leadership.

Position Requirements

The primary role of the FIPA is to manage and streamline existing processes, and develop new processes, to support the Division's work of identifying and analyzing risks to financial stability and developing and evaluating macroprudential policy responses to those risks. The FIPA works closely with the Division's officers and section chiefs, as well as staff from across the Federal Reserve Board and Reserve Banks. The FIPA also supports the Division's work on domestic financial stability policy matters.

The FIPA in the FS Division's Policy Planning & Coordination team will have the following main responsibilities:

1. Managing and streamlining existing business processes and developing new business processes to support the development of the Financial Stability Report (FSR) and the Quantitative Surveillance report (QS).

2. Coordinating the Board's involvement in the Financial Stability Oversight Council and other domestic bodies with financial stability responsibilities or mandates.

3. Developing expertise on certain supervisory topics and/or data sources. Collaborating with economists across the Division for research and policy projects.

4. Supporting ad hoc requests for our leadership on financial stability matters, such as crisis support, briefing books, and talking points.

5. Supporting front office requests relating to congressional or public inquiries, Q&As, and talking points for senior leadership.

Detailed Experience