Senior Business Operations Analyst – Quality Assurance

Company

Federal Reserve Bank of Chicago

Supervision and Regulation (S&R) plays a critical role in The Federal Reserve Bank of Chicago's core mission, supervising regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, financial holding companies and savings and loan holding companies.

Our duty is to foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems to promote optimal economic performance.

The individual will act as a knowledge resource and business partner for designated area of expertise and will provide complex analysis on quality management topics.

Assures compliance with the Quality Management Framework across the Department, which includes Quality Planning, Assurance, Control, and Improvement components.

Will assist in the assessment of Department and business line risks, key controls, and procedures.

Will lead/assist in moderate to complex reviews to assess the quality of supervisory work products and their compliance with Board Guidance in support of the Quality Assurance Annual Plan.

May also lead/assist in System-wide initiatives such as horizontal reviews, common work program design or other QA Community of Practice projects.

Familiarity with banking supervision and/or internal audit a plus.

The level of work is generally considered advanced and staff must be able to work under minimal supervision.

This position has no direct reports.

Your Responsibilities:


* Maintains a working knowledge of emerging issues, trends, and ongoing developments in the regulatory and financial services industry; maintains a solid understanding of the major businesses and functions of the Federal Reserve, both within the District and across the System;


* Supports and consults with assigned business area management on issues related to operational risk management such as process flows, controls, and risk/performance metrics;


* Derives sound analysis of complex topics, conducts thorough and accurate work, supports findings and conclusions, makes recommendations and decisions, and follows-up, as appropriate;


* Leads complex projects or reviews: independently develops detailed plans, timelines and milestones;


* Draws on professional expertise to develop, collect and maintain key materials such as regular or ad hoc reports and tracking spreadsheets;


* Participates in control activities that establish, maintain and validate standards for the functional area;


* Draws on professional experiences and expertise to determine best practices and makes recommendations to improve current business practices; participates in efforts to make changes in business practices;


* Prepares and clearly presents conclusions and recommendations concerning complex matters to internal and external stakeholders both orally and in written form;


* Builds and maintains strategic work relationships and networks with both internal and externa...