Senior Financial Analyst/Specialist_Financial Sector Analysis_Financial Institution Supervision Group recruitment
Function:
Financial Sector Policy AnalysisDepartment:
Financial Sector AnalysisJob Title:
Senior Financial Analyst/Specialist
Overview:
The Financial Sector Analysis (FSA) group provides rigorous, proactive and timely analysis to the Bank's senior management, examiners and analysts to support the Bank's policy objectives around the effective microprudential supervision of large financial institutions (LFIs) and the broader macroprudential goal of maintaining financial stability.
The FSA team supports these objectives by:
Evaluating and comparing emerging risks across LFIs to help inform the development of supervisory strategy.Monitoring financial markets for new insight into trends and emerging concentrations of risk that may impact individual LFIs or the financial system.Assessing individual institutions' financial data, macroeconomic and market indicators, external reports, and information gathered by Federal Reserve examiners.
Responsibilities:Contribute to the development of an analytical framework to better understand the key drivers of revenue through statistical analysis, analyst-style models, and business line analysis for the LFIs.
This work is a major priority for FSA and the Financial Institution Supervision Group (FISG) in 2010;Develop quantitative analyses related to understanding financial institutions that are informative, robust and replicable to support supervisory and policy decisions.Monitor the broader financial condition of individual firms or groups of firms, help to advise senior policymakers on key risks related to earnings, capital adequacy, asset quality, liquidity/funding needs and market performance;Assess particular asset classes or financial markets such as consumer or corporate credit markets for signs of emerging risks;Propose and develop timely and persuasive reports and deliver oral presentations on relevant cross-institutional trends related to individual LFIs or broader financial stability;Understand and provide help in structuring data and databases to assist FISG in its data management goals.Participate in ad hoc projects within the Bank or across the System on topics related to both microprudential and macroprudential objectives.
In this respect, serve as a resource and possible project leader for FISG management and staff with respect to areas of expertise.Strengthen relationships and enhance communication/coordination with other business areas, including Financial Services, Research and Markets Groups and Resources and Logistics Management as well as the Board of Governors and other Reserve Banks' staff;
Qualifications
Master's Degree in Business Administration, Finance, Accounting, Economics, Public Policy, Mathematics, or a related field, or equivalent work experience. Ten years of relevant work experience in a financial institution, rating agency, accounting/auditing firm, or regulatory agency, etc., interpreting the condition and financial performance of financial institutions based on original financial analysis, valuation analysis, and/or risk modeling; Experience developing and managing large financial models and databases; Demonstrated excellence in the creation and interpretation of analysis of qualitative and quantitative information and in communicating persuasive and concise views verbally and in writing; Experience analyzing financial reports including regulatory filings, financial statements, and earnings releases. Ability to thrive as a member of a team and to build collaborative working relationships with all levels of staff and management, but also well-organized and motivated to work independently when necessary; Ability to help train and inspire more junior staff; Proven ability to handle multiple projects in a demanding environment and the flexibility to adjust to rapidly changing priorities; Knowledge of U.S. financial regulatory structure and process, and especially of U.S. capital adequacy rules, is preferred; Commitment to highest ethical standards and excellence in public service.
This position requires access to confidential supervisory information, which is limited to 'Protected Individuals' as defined in the U.S. federal immigration law.
Protected individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.