Senior Risk Analyst II

Company
Federal Reserve Bank of Boston
As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
This job is eligible for a hybrid schedule with some on-site work expected.
Senior Risk Analyst II
The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Senior Risk Analyst II to join the LISCC (Large Institution Supervision Coordinating Committee) Unit as a member of the LISCC Capital team. The LISCC supervision program is the Federal Reserve's national supervisory program for the nation's largest most systemic financial institutions. The program is implemented by hundreds of staff from multiple Reserve Banks and the Board. The LISCC Capital teams oversee the supervisory work including the Federal Reserve System's annual Comprehensive Capital Analysis and Review (CCAR), exams and analytic work covering a range of business activity for large and complex banking organizations.
You will be expected to develop and/or maintain a high level of understanding of rules and regulations regarding regulatory capital, including Risk-Weighted Assets (RWA) and stress testing, and understanding of firms' revenue and expense forecasting processes and associated governance and controls. With some oversight, you will conduct research, maintain and analyze regulatory and financial data, and evaluate revenue, expense, and performance trends and developments across the LISCC firms and the banking industry from a variety of sources, including published reports, databases, and firms' management information systems. Additionally, you may also participate in examination work which will involve assessing pre-provision net revenue (PPNR) forecasting practices and RWA at bank holding companies (BHC).
Responsibilities:

• Analyze trends and new developments related to financial performance, RWA, PPNR, and financial risk management practices across LISCC firms.
• Independently create analyses, visualizations, reports, and other resources for team members and program stakeholders.
• Query data from several sources and develops datasets/databases including components of LISCC firms' financial performance and capital ratio components including RWA and PPNR.
• Maintain continuous monitoring coverage of firms or industries, as required.
• Prepare concise written conclusions and recommendations concerning complex subject matter.
• Develop collaborative working relationships and networks throughout the LISCC Capital Program including with the dedicated supervisory teams, other horizontal evaluation teams, and with other Reserve Banks and the Board of Governors.
• Maintain knowledge of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
• Participate in CCAR and other examination efforts, as needed.
• Other duties as assigned

Knowledge and Experience:

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and 4+ years of related work experience.
• Strong to advanced capabilities in the use of data maintenance and analysis tools covering querying data, developing databases/datasets, and generating analytical reports and visualizations.
• Familiarity with interpreting financial statements and risk reports to identify and monitor multiple metrics and indicators measuring bank performance.
• Independent thinking and decision-making abilities.
• Capability to convey technical topics in simple, concise terms, with all levels of the Federal Reserve System and bank and depository institution's management and staff
• Capability to set priorities and adapt to changing circumstances; demonstrate commitment that high priority goals are met.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
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.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
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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