LFI Business Analyst
About The Position
The LFI Business Analyst will be part of a team within Business Data Governance to prepare for Large Financial Institution (LFI) status and will be responsible for supporting the organization by gathering, analyzing, and reporting on key business data. They must possess a strong willingness to spend significant effort learning Reg YY and other related reporting regulations (i.e., FR 2052a, FR Y-14, FR Y-15, etc.) as they will collaborate with a team dedicated to developing, testing, and executing data for LFI readiness. The ideal candidate will have strong analytical skills, a keen eye for detail, and a passion for working with data.
Requirements
- Degree in Accounting, Finance, Business Administration, Technology, or another related field.
- Minimum 1 year of experience in data analysis, or a similar role.
- Strong willingness to spend significant effort learning Reg YY and other related regulations (e.g. FR 2052a, FR Y-14, FR Y-15).
- Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
- Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Intermediate experience with data analysis tools (e.g., SQL, Excel) and data visualization platforms (e.g., Tableau, Power BI).
- Experience with project management and managing multiple priorities and deliverables.
- Proficient in handling and interpreting large datasets.
- Ability to collaborate effectively within a team environment.
- Strong analytical skills and attention to detail.
- Excellent communication skills, both written and verbal.
Responsibilities
- Development of business requirements specifically to support LFI readiness as required by FRB regulations for a Category IV institution.
- Provide input into Technology’s deliverables to ensure the Technology’s implementation success.
- Perform UAT test (User Acceptance Testing) to ensure accuracy and integrity of data.
- Manage and participate in workshops to flesh out and problem-solve certain requirements, defects, or questions.
- Understand the Federal Reserve’s FR 2052a, FR Y-14, and FR Y-15 rules and to reflect changes in the business requirements documents.
- Ensure accuracy and timeliness of all reports delivered to internal stakeholders.
- Regularly update and optimize existing reporting processes to ensure accuracy, efficiency, and relevance if needed.
- Perform analysis on datasets to identify trends, insights, and areas for improvement.
- Ensure data accuracy and integrity by performing data validation and regular quality checks.
- Partner with teams across the business gather data requirements and understand their analytical needs.
- Ability to use SQL tool for querying and analyzing data
- Maintain documentation of data sourcing processes and methodologies.
- Develop data visualizations to communicate key metrics and insights effectively.
Benefits
- Competitive salaries
- An ownership stake in the company
- Medical and dental insurance
- Time off
- A great 401k matching program
- Tuition assistance program
- An employee volunteer program
- A wellness program
- Opportunity to bolster business knowledge
- Learning the ins and outs of how successful companies operate and manage their finances
- Invaluable hands-on experience to help grow your career
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
