Senior Associate Risk Analyst
Federal Reserve Bank of Boston
CompanyFederal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
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.
Overview of Team/ Function:
We have an opening in the Offsite Supervision team for a Senior Associate Risk Analyst. In the Regional & Community Unit of the Supervision, Regulation, and Credit Department you will conduct individual bank analysis for a portfolio of banks supervised by the Reserve Bank. You will collect and analyze data and economic information related to the performance and condition of the community and regional banking industry in New England and nationally. You will present findings in written and oral formats to several internal audiences. In addition, you will participate on bank examinations in various roles and will work towards earning the commissioned examiner designation.
The Offsite Supervision team is an eight-member team that monitors banks between bank examinations and provides other analysis as needed. You will report directly to the Offsite Manager, and your daily work is overseen by a more senior analyst.
- Conduct quarterly off-site analysis of individual financial institutions and identify for further discussion with internal management, those that present current or potential supervisory concerns. Utilizing available risk data and tools, analyze individual institution and portfolio-level condition to identify underlying issues and/or emerging risk, and contribute to the development of supervisory strategies to address those risks.
- With guidance, contribute to other supervisory responsibilities, such as capital distribution assessments, small shell holding company inspections, institutional overviews, and examination response assessments.
- Perform responsibilities associated with Board of Governors’ Surveillance program, including detailed assessments of factors contributing to inclusion in the program, identification of important issues, and recommendation for supervisory response.
- Remain current on economic and industry data to supplement regulatory information when analyzing individual institutions and portfolios, and to support recommendations for supervisory action.
- Periodically, participate on examinations in several key examination roles, working with senior staff members to assess an institution’s overall condition, risk management systems, and compliance with applicable laws and regulations.
- Contribute to the achievement of unit and department strategic goals by participating in special unit, department, or System projects.
- Bachelor’s degree and two years of financial industry or regulatory work experience. You will complete the Examiner Commissioning Program (ECP).
- You have working knowledge of financial statements. With oversight from senior staff, you can frame and communicate metrics, trends, and conditions both orally and in written form.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
- Comprehensive healthcare options (Medical, Dental, and Vision)
- 401K match, and a fully funded pension plan
- Paid vacation and holidays; flexible work environment, healthy workflow
- Generously subsidized public transportation
- Annual tuition reimbursement
- Professional development programs, training and conferences
- And more…
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.
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)No
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.