Risk Analyst, Supervisory Research and Analysis Unit (SRA)
Federal Reserve Bank of Boston
CompanyFederal Reserve Bank of BostonWorking at the Federal Reserve Bank positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial services professional and the intelligence of an academic—all combined with a passion for public service.
This job is eligible for a hybrid schedule with some on-site work expected. The individual is excepted to reside in the 1st District unless you were given an exception.
The Supervisory Research and Analysis Unit (SRA) is an interdisciplinary group of professionals (PhD economists, financial market analysts and specialists, accountants, and research assistants) that conduct research and analysis aimed at supporting the Federal Reserve Bank of Boston’s supervision and regulation efforts. SRA staff produce research on the banking industry and broader credit markets, the impact of micro- and macro-prudential policy on financial markets, and developments that could raise financial stability issues. SRA also makes meaningful contributions to the Federal Reserve System's efforts to identify and monitor potential financial stability risks, and routinely advises senior Bank leadership on related matters. Finally, SRA supports the Bank’s participation on several System initiatives, including the Conference of Presidents Financial Stability Committee, Quantitative Surveillance Group, Model Oversight Group, Large Institution Supervision Coordinating Committee (LISCC) Monitoring and Analysis Program and LISCC Liquidity Steering Committee.
The SRA unit in the Supervision, Regulation, and Credit department of the Federal Reserve Bank of Boston has an opening for a Risk Analyst to provide data, analytical and research support to senior management. As a Risk Analyst, you will be responsible for data analytics and research on a wide variety of global banking topics for the team’s key stakeholders, including FRBB Executive Management and Board staff. The ideal candidate would possess a strong aptitude for independent, financial-based research with a strong attention to detail, have a demonstrated capacity to work with data, would be intellectually curious, have solid communication skills, plus an ability to work within teams and across all organization levels. We are looking for individuals with a Masters degree in business/finance and/or economics or CFA or other equivalent and 2 years of work experience in a financial institution (preferably in a research-based role).
- Provide high quality technical and analytical and research support for senior staff
- Monitoring and assessing supervisory and public information related to large global banking institutions to support identification of emerging risks and developing research to support our understanding of implications for financial sector stability.
- Set up and maintain key data and analytical tools in Excel (or more advanced databases) with financial sector indicators, bank financial statement and regulatory data and other economic/market data as needed.
- Produce charts and tables for research publications and meetings using Excel and Powerpoint.
- Develop a strong knowledge of bank regulation included U.S. and international frameworks for capital, liquidity, resolution and other risks.
- Research new policy developments and analyze impact on large banking organizations to support views on implications for safety and soundness and financial stability.
- Participate on System research projects and regular presentations of research work to FRBB Executive Management.
- Excellent research and analytical skills;
- Strong communication skills including effective written and verbal presentation skills and an ability to convey complex issues to a diverse set of audiences;
- Working knowledge of, and passionate interest in banking and broader financial markets;
- Working knowledge of banking activities in general and in particular their lending and capital markets functions. Knowledge of U.S. bank regulation/Basel framework is a plus.
- Sound judgment, excellent organizational skills and ability to work on multiple assignments simultaneously, prioritize work and meet deadlines;
- Proficient with MS collaboration suite (e.g., PowerPoint, Word, Excel); knowledge of additional statistical tools a plus.
Ability to travel (up to 10%) required.
Knowledge and Experience:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree in business/finance or economics (or CFA or equivalent) plus 2 years of related work experience (preferably at a financial institution in a research-based role).
The Federal Reserve Bank of Boston 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.
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. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.