FINANCIAL STATISTICS ANALYST I

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.



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* A cover letter is requested to be submitted with your application for consideration

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Collect, monitor, analyze and ensure the integrity of financial institutions prepared non-complex or semi-complex financial and structure reports 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 (BOG) and other FR guidelines for use in support and determination of the safety and soundness of banking organizations, monetary policy, and reserve bank operations.

Contacts and counsels reporting entities.

This is entry level work under direct supervision.

Operations


* Collect, evaluate, and analyze bank financial and structure reports under direction using standard applications and software.


* Work with guidance and consults with senior staff and management in review and evaluation of data anomalies and bank explanatory information.


* Refer complex or unusual cases to senior staff or management.


* Monitor deadlines and provides senior staff with periodic status reports and interacts with other analysts to ensure completeness of data and resolution of discrepancies.

Analytical


* Edit and analyzes non-complex structure data and financial reports and statements for conformity with accounting principles and regulatory requirements.


* Communicate with financial institutions to investigate and resolve unusual fluctuations in data.


* Develop comprehension of basic and extended editing concepts.


* Apply basic analysis, editing, data extraction, and viewing techniques to analyze data, detect errors, maintain accurate reporting panels and provide meaningful explanatory information.


* Understand the business or financial condition of assigned institutions.


* Successfully complete select courses and/or on-the-job training to deepen and broaden functional knowledge including applicable regulations and developments related to the banking industry, as well as data retrieval techniques and editing methodologies.


* Enhance professional development by reading technical memoranda, report instructions, user guides, press releases, and other professional literature.


* Demonstrate basic knowledge of bank accounting and banking regulation.

Other duties and responsibilities


* May assist in the drafting and review of memos and...