Reserves and Lending Senior Business Analyst III

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: community, innovation, integrity, trust, leadership, and excellence.

MINIMUM QUALIFICATIONS AND ANY SPECIAL REQUIREMENTS

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 Reserves and Lending 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 some supervision of the group and its operations in a back-up capacity.

Additionally, you would collaborate with colleagues across the Federal Reserve System, leading and contributing to strategic projects and workgroups.

Principal Accountabilities:
 


* Handle all workflows and communications for complex processing 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-sensit...