Senior Business Analyst

Company
Federal Reserve Bank of Chicago
Leads and controls complex analysis for a business unit and implements solutions that improve the quality of services delivered leading efforts to integrate, test and implementation of solutions to achieve desired results. Directs multiple intermediate to large department or Federal Reserve Bank of Chicago (FRBC) projects and acts as liaison between team members and functional area management. Organizes activities to create and administer assigned budgets, monitors, analyzes actual spending, and develops projections in order to authorize financial commitments, projects future performance and functions purchasing activities, and interfaces with vendors. Utilizes problem solving, decision making and analytical skills to meet changing business needs. Administers and monitors department's compliance and control environment activities.
The level of work is considered advanced, and staff must be able to work under minimal supervision. This position has no direct reports.
PRINCIPAL DUTIES AND RESPONSIBILITIES

• Performs analysis and projections (financial, performance, operational and statistical) on complex analysis projects including compilation and arrangement of data, computations, result analysis, charts and exhibit creation, report preparation, and data accuracy validation; identifies issues or problems with data and leads recommendations/changes to remedy errors
• Plans, directs and coordinates department/Bank project activities and resources to ensure project goals are completed on time, within budget and with optimum quality; provides direction, prioritization, and conflict resolution in managing project teams to accomplish project objectives
• Develops, maintains, manipulates and analyzes spreadsheets and databases for department, extracting data from other systems as necessary; develops metrics to track performance plans
• Creates briefing materials and presentations for the Bank and Federal Reserve System management and present to senior leadership as needed
• Leads efforts to support department business operations, financial processes and improvement/efficiency initiatives
• Monitors, reconciles and analyzes budget performance, analyzes spending, processes purchases as well as prepare detailed reports on budget expense management
• Develops internal and external communications for stakeholder groups including use of innovative technologies to reach multiple audiences throughout the Bank
• Conducts market research, trend, return on investment, cost/benefit, and best practice analysis to develop business cases and recommendations to be presented to senior leadership; carries out changes as necessary
• May lead testing and reporting on internal controls to ensure compliance with all applicable regulations, professional standards, and the organizational policies
• Provides direction, prioritization, and conflict resolution in managing project teams to accomplish project objectives
• Leads efforts with department(s) to define and document current business processes and areas for improvement
• Leads work with senior leaders to establish metrics and targets to be used to analyze and determine organizational performance

EDUCATION AND EXPERIENCE

• Bachelor's degree
• 5+ years of direct work experience

KNOWLEDGE AND SKILLS

• Experience in project management methodologies, certification a plus
• Experience in performing specialized business analysis and project assessment
• Experience gathering and analyzing data, reporting and presenting financial data and coordinating efforts of a project team
• Experience communicating with internal stakeholders including executives, technical resources, internal communications and public relations
• Independent thinking and decision-making abilities
• Strong analytical skills and ability to think independently
• Self-directed and motivated
• Knowledge of Bank operation preferred
• Demonstrated ability to learn new technical applications
• Possesses and applies strong internet navigation and research skills
• Excellent written, oral and interpersonal communication skills
• Strong relationship building skills

ADDITIONAL REQUIREMENTS

• 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.
• This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

What We Offer:

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

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)
Yes
Job Category
Analytical
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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