Financial Institution Policy Analyst, Novel Activity Monitoring- Division of Supervision and Regulation
Description
The Novel Activity Monitoring team member will track and assesses novel fintech activities conducted by banking organizations, including those related to crypto-assets, distributed ledger technology and bank-fintech partnerships. The team member will identify related risks and assist in the supervision of those activities. The team will work closely with examiners engaged in conducting onsite reviews of these activities and the Novel Activity Analytics team, tasked with monitoring developments in the financial technology and crypto-assets sector.
Financial Institution and Policy Analysts work under limited supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while demonstrating increased mastery in areas of expertise and may lead projects and reviews. Share information and ideas regarding projects and work for their Project Team, Section, Division, or external stakeholders and may represent the Section or Division on group projects or task forces. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
Principal Duties and Responsibilities
Senior Financial Institution and Policy Analysts perform the following responsibilities with regular guidance:- Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
- Prepare and deliver clear, accurate and concise communication orally and in writing
- Share information and make recommendations regarding projects and work for Section/Project Teams/Division or external stakeholders
- Serve as primary contributors and may lead projects or teams in the accomplishment of work
- Provide guidance to junior or new staff
- Represent the Section or Division on group projects or task forces
- Advise senior staff and managers
- Develop areas of domain expertise
Data Analysis
- Produce charts, graphs, and other visuals to help analyze data
- Identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
- Identify data that can be used to analyze policy
- Participate in and/or lead examinations and/or reviews
- Support and implement supervision and/or oversight policies and programs
- Perform analyses of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
- Clearly present analyses of financial, regulatory, and compliance data
- Identify relevant issues and trends and draw conclusions through analysis of financial, data
- Interpret and/or implement policy, regulation, and/or guidance regulatory, and compliance
- Draft policy recommendations supported by logical reasoning and sound analysis
- Identify and analyzes 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
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 to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.
This description is intended to indicate the general level and function of this job. It is not intended to be all-inclusive and employees may be assigned duties not listed.
Position Requirements Position requirements:
A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience, or a master’s degree in a related field and 2 years of related experience (FR-25) or a minimum of 4 years of related experience, or a master’s degree in a related field and 3 years of related experience (FR-26).
Must be able to fully perform work that requires application of these competencies, in increasingly complex situations:
Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data
Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks
Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions
Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa
Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility
Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluates the impact of changes in law and/or regulations.
REMARKS:
The ideal candidate will possess:
- Knowledge of crypto-assets, distributed ledger technology, and Banking-as-a-Service activities, products, and businesses, and related risk management disciplines; knowledge of related rules, regulation and guidance preferred
- Excellent collaboration and communication skills (both written and verbal), including the ability to clearly communicate complex information and trends to varying audiences
- Ability to apply, explain, and synthesize complex regulatory, financial, and analytical concepts and identify key issues
- Strong agility to learn, digest, and engage in new topics quickly and under time pressure with short deadlines; should feel equally comfortable working in familiar areas/areas of expertise and delving into new topics, issues, and challenges.
- Ability to manage and successfully complete multiple, complex projects simultaneously, reprioritize dynamically as the needs of the project change, and motivate the project team to stay focused on successful completion of the project
- A writing assessment may be requested.
- This position is located in Washington DC. Employees are expected to spend a minimum of 4 days per month onsite. Relocation assistance is available.