Senior Business Analyst

Company
Federal Reserve Bank of Chicago
As approved by the Conference of Presidents (COP), the Federal Reserve System (System) is moving forward with the creation of a Credit Risk Management Support Office (CRMSO) to facilitate an enterprise approach to activities that support the Credit Risk Management (CRM) business line. The CRM business line manages credit risk arising from Discount Window lending and Master Account management (overdrafts and overall payment system risk).
The new CRMSO, to be hosted by the Federal Reserve Bank of Chicago, is primarily responsible for leading the development and execution of strategic priorities and initiatives and facilitating enterprise decision-making.
Additional CRMSO function responsibilities include:• t Making decisions as delegated by the PC and promoting and driving
effective decision making to achieve consistent approaches to business
delivery.• tAssessing the resources needed to support enterprise-oriented CRM
activities. • tIdentifying and organizing adequate resources to ensure CRM business
groups and initiatives are optimally organized and staffed to support CRM
business and technology functions. • tOverseeing, managing, and reporting on the progress of enterprise projects
and initiatives.
Principal Duties and Responsibilities:
The Business Planning Sr. Analyst 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. The level of work is considered advanced. This position has no direct reports, but may assign work and directions to others

• Direct multiple intermediate to large department or Federal Reserve Bank of Chicago (FRBC) projects and acts as liaison between team members and functional area management.
• Organize activities to create and administer assigned budgets, monitors, analyzes actual spending, and develops projections to authorize financial commitments, projects future performance and functions purchasing activities, and interfaces with vendors.
• Utilize problem solving, decision making and analytical skills to meet changing business needs.
• Administer and monitor department's compliance and control environment activities.
• Perform 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; identify issues or problems with data and leads recommendations/changes to remedy errors.
• Plan, direct, and coordinate department/Bank project activities and resources to ensure project goals are completed on time, within budget and with optimum quality; provide direction, prioritization, and conflict resolution in managing project teams to accomplish project objectives.
• Develop, maintain, manipulate, and analyze spreadsheets and databases for department, extracting data from other systems as necessary; develops metrics to track performance plans.
• Create briefing materials and presentations for the Bank and Federal Reserve System management and present to senior leadership as needed.
• Lead efforts to support department business operations, financial processes and improvement/efficiency initiatives Monitors, reconciles, and analyzes budget performance, analyzes spending, process purchases, as well as prepare detailed reports on budget expense management.
• Develop internal and external communications for stakeholder groups including use of innovative technologies to reach multiple audiences throughout the Bank.
• Conduct market research, trend, return on investment, cost/benefit, and best practice analysis to develop business cases and recommendations to be presented to senior leadership; carry 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.
• Provide direction, prioritization, and conflict resolution in managing project teams to accomplish project objectives.
• Lead 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 & Experience:

• Bachelor's degree in related field or equivalent experience
• Five or more years of direct work experience
• 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.

Knowledge & Skills:

• 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.
• Ability to work independently and under minimal supervision.

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.

Requirements:

• All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an accommodation based on medical condition or sincerely held religious beliefs.
• 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)
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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