Business Analyst, Senior II

Company Federal Reserve Bank of BostonAll 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.

Make sure to apply quickly in order to maximise your chances of being considered for an interview Read the complete job description below.

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 factfinding skills; identify underlying issues or problems and recognize trends / causeeffect 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 :

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.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses / domestic partners, and minor children from owning financial interests - such as stocks or bonds - from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

This position requires access to confidential supervisory information and / or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

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

All employees assigned to this position will be subject to FBI fingerprint / criminal background and Patriot Act / Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category 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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