Sr Business Analyst at Federal Reserve Bank (FRB) in Richmond, Virginia

Job Description:

Company

Federal Reserve Bank of Richmond

What we Do:
When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

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. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

The FedCash Services group within FRFS is seeking a Senior Business Analyst to join the FedCash Business Solutions & Support team. This position will support a variety of projects and tasks that may include operations support, national coin and currency inventory management, market intelligence, and business resiliency for the Federal Reserve System.  

Job Description and Responsibilities:

• Perform day-to-day project management and administration tasks in support of department-led projects and initiatives in a collaborative, team-based environment.




• Establish and maintain effective customer relations with Reserve Bank peers, management, and industry stakeholders to meet short-, mid-, and long-term national objectives. 




• Collaborate with all levels of the organization and industry stakeholders on decision and strategic options that may have operational, policy, or financial impacts to the business area. 




• Develop, implement, and manage analytical and operational projects with or without formal direction from superiors and actively identify opportunities for further refinement of existing processes and initiate analysis in support of ash operations and processes.  




• Support cash offices in custody controls and operations.




• Collect, model, analyze, and interpret broad data; identify and interpret trends and patterns in datasets to locate influences. Prepare and present a variety of operational analyses and recommendations to senior management for decision-making. Examples include status reports, dashboards, and development of ad-hoc business models.

Qualifications:

• An understanding of coin and currency processing is preferred. 




• Problem solving, critical thinking, and analytical skills, with an ability to problem solve in unconventional ways.




• The ability to be diplomatic, personable, and effective in written and verbal communication.




• Excellent interpersonal and consensus-building skills; ability to work independently and lead members of a team in an environment with diverse sets of stakeholders.




• The ability to formulate a plan of analysis designed to arrive at a solution to a problem or otherwise illustrate how data describes a scenario and a likely outcome.  




• The ability to communicate the results of analyses concisely and clearly, draft white papers summarizing results, and create effective visualizations and presentations.

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.




• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.




• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).




• Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship.




• The national hiring range for the Senior Business Analyst in Richmond is $82,00 to $112,750 annually. For candidates in certain markets (Boston, MA; Chicago, IL; Los Angeles, CA; New York City Metro Area, Philadelphia, PA; San Francisco, CA; Seattle, WA), the listed hiring and salary ranges may be adjusted based on your geographic location. For candidates outside Richmond, VA, listed hiring and salary ranges may be adjusted based on your geographic location.

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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