Statistical & Financial Reports Analyst

Company
Federal Reserve Bank of Chicago
In this role you will provide intermediate-level professional accounting and analytical assistance for regulatory reporting, encompassing a wide variety of accounting, bank structure and regulatory material. Collects, monitors, analyzes and ensures the integrity of financial institutions' prepared semi-complex financial reports and structure data including income and balance sheet statements, consolidated statements and other accounting statements and bank structure reports. Analyzes statements and reports in accordance with Board of Governors' and other FR guidelines for use in support and determination of the safety and soundness of banking organizations, monetary policy, and reserve bank operation. Communicates with key contacts in operations areas, and at other Reserve Banks and Regulatory agencies. Assists with developing and conducting training for staff and possibly reporting entities.
The level of work is considered intermediate, and staff must be able to work under general supervision. Problems are solved with advanced experience and technical expertise. Makes tactical decisions utilizing input from higher levels. This position does not have direct reports.
PRINCIPAL DUTIES AND RESPONSIBILITIES
Data Collection:

• Serves as reports lead/coordinator to ensure timely collection and accuracy of financial and structure data, income and balance sheet statements, consolidated statements and various other accounting statements and reports from reporting entities
• Assist the System to maintain essential records on the structure/financial and activities of financial institutions, bank holding companies, and nonbank subsidiaries to assist in developing economic policy, conducting bank supervision and regulation activities, and providing financial services
• Routinely run queries to ensure data accuracy and compatibility with report data

Data Analysis:

• Edits and analyzes 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

System Projects and Work Groups:

• Participates in division and Bank projects and System workgroups
• May serve as project leader on short-term division-wide projects

Policy Implementation:

• Demonstrate thorough understanding of and adherence to FR policies and procedures and regulatory requirements
• Contributes to the drafting, editing, and preparation of official memos, advanced data analysis reports, comments to proposed reporting and regulatory changes, and processing procedures
• Serves as reports lead/coordinator to ensure timely collection and accuracy of financial and structure data, income and balance sheet statements, consolidated statements and various other accounting statements and reports from reporting entities

EDUCATION AND EXPERIENCE

• Bachelor's degree in Accounting, Finance, or related field or equivalent experience
• 3 to 5 years of related work experience

KNOWLEDGE AND SKILLS

• Strong written and verbal communication skills
• Strong teamwork and interpersonal skills
• Demonstrated ability to apply critical thinking and accounting concepts
• Demonstrated analytical skills
• Experience performing qualitative and quantitative analysis
• Strong proficiency in Microsoft suite (e.g., Excel, Word, PowerPoint)
• Excellent organizational skills
• Capacity to perform basic query writing
• Knowledge equivalent to CPA certification
• Detail-oriented
• Familiarity with Federal Reserve regulations & policies

OTHER/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.
• 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.

Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
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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