Monetary Associate Stats Reports Analyst

Company
Federal Reserve Bank of Chicago
The Monetary & Call Reports unit collects and analyzes bank credit and deposit data. It supports central bank functions by providing quality data that inform monetary policy, bank regulation, reserve administration, and economic research. Analysis is done on data that have daily to quinquennial frequency and is supported through relationships with our data users and bank contacts. The Monetary & Call Reports unit has one opening for an Associate Statistical Reports Analyst.
As the Associate Statistical Reports Analyst, you will provide entry-level analytical assistance for financial reporting. You will engage in activities to ensure operational processing and collection of Monetary reports from financial institutions and perform analysis on data collected to ensure the highest quality for data end-users. You will solve problems with experience, technical skills, and analytical expertise, and make tactical decisions utilizing input from higher levels. You will also communicate with key contacts within the operations areas, and at other Reserve Banks and Regulatory agencies and financial institutions. The level of work is considered entry level and staff work under direct supervision. Increasingly complex problems are escalated to higher levels. You will report to the team supervisor and will have no direct reports.
Your Responsibilities:
Data Collection:

• Ensure the collection and accuracy of financial data, income and balance sheet statements, consolidated statements and other accounting statements and reports from reporting entities.

Data Analysis:

• Edits and analyzes non-complex to semi-complex structure data and financial reports and statements for conformity with FR policies and procedures, accounting principles and regulatory requirements.
• Evaluates data and interprets principles and regulations to resolve accuracy and conformity issues with banking organizations to ensure data integrity.
• Applies analysis, editing, data extraction, and viewing techniques to analyze data, detect errors, maintain accurate reporting panels, and provide meaningful explanatory information correlated with noteworthy findings.

System Projects and Work Groups:

• Participate in division and Bank projects and supports System workgroup members.

Policy Implementation:

• May contribute to the drafting, editing, and preparation of official memos, advanced data analysis reports, comments to proposed reporting and regulatory changes, and processing procedures.
• Interpret and monitor compliance with Federal Reserve and industry regulations and reporting requirements.

Your Background:

• Bachelor's degree in business, Finance, related field, or equivalent experience
• Less than 3 years of related work experience
• Experience performing quantitative analysis desired.
• Proficiency in Microsoft suite (e.g., Excel, Word, PowerPoint).

What we offer:

• Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and subsidized cafeteria.
• A continuous learning environment with opportunities to gain new skills and grow your career.

Work Location: Hybrid- Chicago, IL.
Additional Requirements:
• This position requires access to confidential supervisory information and/or FOMC 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
• Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
• In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
• We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
No
Job Category
Credit Risk Management
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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