Financial Institution Policy Analyst, LISCC Capital- Division of Supervision and Regulation
Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders.
Financial Institution and Policy Analysts perform the following responsibilities under regular supervision:
• Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
• Assist senior staff by providing support, information or analysis
• Prepare and deliver clear, accurate and concise communication orally and in writing
• Share information and ideas regarding projects and work for Section/Project Teams/Division or external stakeholders
• Perform assigned project tasks and lead well-defined tasks within a project
• Support Section or Division in areas of expertise
• Begin to develop areas of expertise
The LISCC supervision program is the Federal Reserve’s supervisory program for the nation’s largest and most systemic financial institutions. Its primary objective is to maintain safe and competitive U.S. and global banking systems. LISCC comprises of national programs staffed by individuals from multiple Reserve Banks and the Board, including Capital, Liquidity, Monitoring and Analysis Program (MAP), Governance and Controls (G&C), and Recovery and Resolution Program (RRP).
Description of LISCC Capital section: The LISCC Capital Section has an available position focusing on Capital-related examinations and support for policy and informational Board engagement with capital-related matters for large and complex firms. The capital program supports all facets of the national Capital Program. The program plans, facilitates, and directs the successful execution of the Capital Program's supervisory agenda through active forward planning and by providing a centralized logistics function. The LISCC Capital Section also develops and maintains a continuous understanding of supervisory issues pertinent to capital at large and complex firms to facilitate Board decisions and provide timely and effective information products to senior management and the broader Capital Program.
Principal Duties and Responsibilities:
- Collaborate closely with other stakeholders to identify and develop supervisory and policy responses to risks that may arise. Examples of other stakeholders include dedicated supervisory teams (DST), horizontal evaluation teams (HET) and Board policy and legal.
- Develop presentations and recommended messages for the Capital Steering Committee, as well as present any key divergent views to the senior stakeholders for final review and approval.
- Coordinate and collaborate with LISCC program counterparts, including the Resolution and Recovery Program (RRP), the Liquidity Program, the Monitoring and Analysis Program (MAP) and the Governance and Controls Program (G&C), by participating in firm specific and horizontal examinations across various teams.
- Serve as a subject matter expert on Capital topics.
- Bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 2 years of related experience
- Master’s degree in a related field and a minimum of 1 year of related experience
- Bachelor's Degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience
- Master's degree in a related field and a minimum of 2 years of related experience.
Must be able to perform basic or developmental level work in activities involving these competencies after receiving specific instructions and guidance:
- Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data
- Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
- Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks
- Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions
- Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.
- Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility
- Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations
- Knowledge of Various Financial Topics: basic knowledge of capital, liquidity, derivatives, and trading activities and/or in operational issues related to collateral management, payments clearing and settlement (PCS), and management information systems (MIS).
The successful candidate will have a proven record of:
- Strong analytical skills
- Strong written and verbal communication skills
- Strong oral presentation skills
- Strong teamwork and collaboration skills
- Ability to communicate highly complex issues and supervisory concerns to a broad audience
- Some experience or interest in learning how to analyze, interpret and present data. Interest in developing programming skills in programs such as Excel, Python, R, etc. under the mentorship of senior staff.
- Intellectual curiosity and mastery of complex topics
- The interview process may include a writing exercise.
- This position is located in Washington DC. Employees are expected to spend a minimum of 4 days per pay period onsite beginning in April; and 5 days per pay period beginning in September. Relocation assistance is available.