Business Analyst, Senior II

Company

Federal Reserve Bank of Boston

All applicants must be a US Citizen or a permanent resident who also resided in the United States for at least the last three (3) years.

This job is based in the Boston office on a hybrid schedule with a min of 50% onsite work expected.

The individual is expected to reside in the Boston District.

The Reserves, Credit, and Applications (RCA) Unit of the Supervision, Regulation, and Credit Department of the Federal Reserve Bank of Boston (FRBB) has an opening for a Senior Business Analyst in our Lending and Reserves group.

The RCA Unit contributes to FRBB’s mission to promote sound growth and financial stability in New England and the nation by effectively serving as a source of liquidity to depository institutions (DIs) within the First District of the Federal Reserve System.

We administer the Board of Governors’ Payment System Risk (PSR) policies governing the use of intraday credit for First District DIs, and Reserves policies governing the payment of interest on reserves balances, among others.

Additionally, we operate the Discount Window, extending overnight credit to qualifying DIs.  Our reserves and lending activities assist the Board and the Federal Reserve Open Market Committee (FOMC) in implementing monetary policy.

In this position you would be part of a team responsible for supporting day-to-day Reserves, Discount Window, and PSR operations, performing with minimal supervision, and providing leadership on, a wide variety of duties involving the assessment and processing of Discount Window loans to DIs; processing of loans and bonds pledged by DIs to secure loans and overdrafts; monitoring and analysis of financial institution data; analysis of DIs’ account activity to ensure compliance with Reserves and PSR policies, recommending corrective action and/or counseling of DIs, as appropriate; and review/maintenance of  internal processes and procedures.  You would provide supervision over certain daily processes and projects in a back-up capacity.  Additionally, you would collaborate with colleagues across the Federal Reserve System, leading and contributing to strategic projects and workgroups.
 

The position and job description posted is for a Senior Risk Analyst II; however, candidates will be placed in an appropriate level within the Risk Analyst job family based on the extent of their experience.
 

Principal Accountabilities:


* Process workflows and communications for Lending and Reserves activities associated with collateral management, Discount Window lending, and DI account management.  


* Apply strong critical thinking and problem-solving skills promptly and effectively on time-sensitive operational issues and proactively troubleshoot errors. 


* Serve as the central point of contact for Audit-related data requests


* Ensure Business Continuity plans are up-to-date and tested with System colleagues on an ongoing basis


* Analyze business line issu...