Analyst Job in Boston 02108, Massachusetts US

Analyst

The Credit Unit in Supervision, Regulation, and Credit of the Federal Reserve Bank of Boston has an opening for an analyst to contribute to its Discount Window Operations and Condition Monitoring activities.  Staff in this position are responsible for performing a wide variety of duties involving the analysis and processing of data, transactions, reports, and other information routinely generated by the activities of depository institutions and department business processes, as well as performing quarterly financial reviews of DIs in the First District.

 

Core job responsibilities include:

• Support Operations staff and become proficient in handling all workflows and communications for collateral management, Discount Window lending, and DI account management.  Serve as a back-up in Operations to address issues and questions when Lead Analyst is not in office.• Administer the Primary, Secondary and Seasonal lending programs with oversight from unit management. Recommend seasonal arrangements for management approval and communicate decisions to DIs. Monitor the usage of all programs and recommend appropriate action to superiors based on System policy parameters. • Independently conduct financial analyses of First District institutions, and under the guidance of more experienced staff, identify all financial and/or business issues of moderate complexity.  Investigate apparent System policy exceptions arising from continuous Condition Monitoring (CM) and propose recommendations for the resolution of those exceptions. As directed, implement risk controls to limit the Bank's counterparty risk to problem DIs. In performing these duties, work with management of Reserve Bank operating areas, Board staff analysts and DI treasury/funding managers.• Review OC-10 documentation for access to the Discount Window.  Communicate with DIs on changes needed.• Administer liquidity reporting program for watchlist DIs.  Discuss collateral and liquidity issues with DI officials.• Prepare management reports for Directors and CRMC meetings and others as requested.• Under the general guidance of the Collateral Lead, review loans and securities offered as collateral for adherence to System acceptance and valuation criteria.   Perform queries and reporting as necessary for collateral.• Administer the UCC filing program and identify legal issues related to the perfection of security interests and seek legal advice as necessary. Interact with DI funding officials, SCRM support staff, and staff at other lending agencies (e.g., FHLB). • Act as SRC Credit Unit content updater for internal website (BosWeb).• Participate in CRSA cross-functional assignments.

 Other Accountabilities:Perform other duties as assigned.

 

Supervision:With few exceptions as noted in the Principal Accountabilities, staff in this position is not required to directly supervise others.

Knowledge and Experience:• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree plus 1 - 3 years of job related experience.

 

All Staff in this position are expected to possess the following essential skills: • Priority Setting - Managing time and multi-tasking to meet competing project demands. • Business Acumen - Continuously expanding knowledge in area of expertise, identifying the implications of changing business and market conditions, and thinking outside of the box to develop creative solutions to these emerging problems. • Problem Solving - Using rigorous approaches and good judgment to solve problems. • Communication - Effectively articulating analysis and decisions verbally, and in well-developed, robust written analysis memos. • Data Management - Understanding functional area information sources and competently using established resources and other advanced tools as appropriate to analyze the information.

Additionally, staff with supervisory responsibilities are expected to possess the following essential skills: • Building Effective Teams - Blending people into strong, productive operating teams. • Delegation- Assigning work to meet both business and staff learning and development goals.

 

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 an FBI fingerprint/criminal background check and Patriot Act / Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

 

Additional Information:


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