Reserves and Lending Business Analyst

Federal Reserve System • Boston, MA

1d • Onsite

About The Position

Reserves and Lending Business Analyst

Company Federal Reserve Bank of Boston Reserves and Lending Business Analyst 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 Reserves and Lending 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 some supervision of the group and its operations in a back-up capacity. Additionally, you would collaborate with colleagues across the Federal Reserve System, leading and contributing to strategic projects and workgroups.

Requirements

• Continuously expanding knowledge in area of expertise, identifying the implications of, and responses to, changing business conditions, and developing effective approaches to operational problems.
• Strong attention to detail.
• Demonstrated oral and written communications skills, including presenting moderately complex business matters to internal and external stakeholders.
• Ability to manage time and multi-task to meet daily work stream demands.
• Experience leading an operations team.
• Commitment to furthering a diverse and inclusive work environment.

Nice To Haves

• Understanding functional area data sources and competently using established tools, Microsoft Excel, and other advanced tools as appropriate to analyze the information.
• Flexible work hours is needed as work can be up to 7PM on a rotational basis.
• It is anticipated that you will work onsite for this role. If you currently reside within the First District it is expected to stay located within the district unless otherwise approved by your management and HR management.

Responsibilities

• Handle all workflows and communications for complex processing 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 troubleshooting errors.
• Monitor Discount Window borrowers and FRBB account activity, identify issues and trends, and recommend appropriate action based on policy parameters.
• Analyze business line issues, applying appropriate logic and fact-finding skills; identify underlying issues or problems and recognize trends/cause-effect relationships.
• Understand and use more complex business data, tools, and technology to perform non-routine tasks.
• Proactively troubleshoot issues when errors occur.
• Train others and demonstrate the ability to effectively lead a team; 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level