Analyst, Sr Associate (S,R&C)

Analyst, Senior Associate

Job Description:

The Credit Risk Management Unit in Supervision, Regulation, and Credit of the Federal Reserve Bank of Boston has an opening for a Senior Associate Analyst to contribute to its Discount Window and Payment System Risk (PSR) activities. Staff in this position is responsible for supporting the day-to-day operations of the Discount Window and depository institution account management, performing a wide variety of duties involving the analysis and processing of data, review of processes and procedures, and contributing to other ad hoc initiatives, as needed. Senior Associate Analysts follow established guidelines with general oversight to perform these duties. Staff in this position is expected to identify and resolve related operational and analytical problems independently. They are expected to have broad working knowledge within their functional area, and are expected to support the routine analytical work of more senior staff as needed.

Principal Accountabilities :

Handle all workflows and communications for the most complex processing activities associated with collateral management, Discount Window lending, and depository institution account management, elevating issues as appropriate.

Monitor discount window borrowers and FRB account activity and recommend appropriate action based on policy parameters.

Support databases and create queries in support of Discount Window, PSR, collateral, or condition monitoring functions.

With guidance, administer the seasonal borrowing program, including conducting analysis and offering recommendations for management approval, coordinating related communications, and monitoring ongoing compliance with policy guidelines.

Monitor DI status in meeting Borrower In Custody program requirements and in ongoing adherence to policies, and participate in on-site inspections of BIC program participants, as requested.

With guidance, prepare reports and analyses for unit management, as well as Credit and Risk Management and Board of Directors meetings, and conduct basic acceptance review of pledged assets.

Under the direction of more senior staff, support the administration of continuous Condition Monitoring of district institutions, including analysis of appropriate risk controls, drafting of correspondence, tracking information flows and preparation of management reports.

Provide analytical and research support for ad hoc assignments of modest complexity.

MINIMUM QUALIFICATIONS AND ANY SPECIAL REQUIREMENTS:

Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor’s degree in a related field and a minimum of 5 years of job-related experience.
Staff in this position is expected to possess the following essential skills:
Required

Continuously expanding knowledge in area of expertise, identifying the implications of, and responses to, changing business conditions, and developing effective approaches to operational problems.

Ability to manage time and multi-task to meet daily work stream demands.

Effective team player.
Highly Desirable

Demonstrated oral and written communications skills, including ability to develop tailored, concise, and effective oral and written correspondence for both internal and external audiences

Understanding functional area data sources and competently using established tools, Microsoft Excel, and other advanced tools as appropriate to analyze the information.

This position requires access to confidential supervisory information, access to which is limited to “Protected Individuals” as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as “green card holders”) who are eligible for and seeking United States citizenship within the requisite timeframes.

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.

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.