Reserves and Lending Business Analyst

Company

Federal Reserve Bank of Boston

Reserves, Credit & Applications Unit

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 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, including a 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, and review/maintenance of  internal processes and procedures.

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

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.


* Contribute to responding to Audit-related data requests.


* Analyze business line issues, applying appropriate logic and fact‐finding skills; identify underlying issues or problems and recognize trends/cause‐effect relationships.


* Continuously expand business line knowledge and identify the implications of, and responses to, changing business conditions.


* Provide analytical and research support for ad hoc assignments.
 

Qualifications:


* Knowledge and experience normally acquired through, or equivalent to, the completion of a Master’s degree in a related field and a minimum of 2 years of job-related experience.


* Exceptional analytical and problem-solving skills with demonstrated ability to gather, analyze, synthesize, and identify patterns in data.


* Demonstrated intellectual curiosity, independent thinking and decision-making abilities with a desire to continuously expand knowledg...