International Engagement Lead (Sr FIPA II) - Financial Stability (Finance)

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

6

Summary

Senior Financial Institution and Policy Analysts work under limited guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the project or team leader for Section, Division, Board, or system initiatives. May also serve as Board liaison or representative in consulting/collaborating with domestic agencies, international authorities, and/or standard-setting bodies. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Act as recognized domain experts within the Division. Some travel is required.

Duties and Responsibilities

• Senior Financial Institution and Policy Analysts perform the following responsibilities with limited guidance:
• Lead and perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
• Prepare and deliver clear, accurate and concise communication orally and in writing
• Serve as Board liaisons or representatives in consulting/collaborating with domestic agencies/international authorities/standard-setting bodies
• Serve as project or team leaders for Section, Division, Board, or system initiatives
• Provide guidance and mentorship to new or junior staff
• Contribute to and advise on discussions and analyses across the Board
• Act as the recognized domain expert within Division
• Senior Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:
• Data Analysis
  
• Lead production of charts, graphs, and other visuals to help analyze data
  
• Identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
  
• Identify data that can be used to analyze policy
• Examination and Supervision
  
• Lead examinations and reviews
  
• Implement supervision and/or oversight policies and/or programs
• Financial Analysis
  
• Lead analyses of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
  
• Clearly present analyses of financial, regulatory, and compliance data
  
• Identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data
• Policy
  
• Interpret and/or implement policy, regulation, and/or guidance
  
• Draft and review policy recommendations supported by logical reasoning and sound analysis
• Risk Management
  
• Identify and analyze emerging risks in financial institutions and markets, and/or for consumers and communities
  
• Apply appropriate risk management frameworks and policies to support oversight of financial institutions
• Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.
• Monetary Affairs (MA): Senior Financial Institution and Policy Analysts develop and design analyses with limited guidance while working with and possibly leading counterparts throughout the Board to execute the Division's responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.
• Reserve Bank Operations and Payment Systems (RBOPS): Senior Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and highly complex projects involving Federal Reserve Banks' policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies, in a manner that involves working independently without direct engagement of Board official staff. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks' management.
• Supervision and Regulation (S&R): Senior Financial Institution and Policy Analysts perform in-depth analyses related to banking supervisory or regulatory activities involving complex and sensitive issues. They participate fully in, and may conduct, special studies or projects related to financial institution supervision and regulation and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.

Position Description:

The External Engagement (EXE) section in the Division of Financial Stability (FS) is looking for a Senior Financial Institution and Policy Analyst (FIPA) on a two-year term. This role is an opportunity to support the division's international engagement and policy work during a period when the U.S. prepares to host the G20 and will be engaged in the IMF Financial Stability Assessment Program. With staff from several divisions of the Federal Reserve Board (Board), the FIPA will also coordinate the Board's involvement in Financial Stability Board (FSB) work across a range of issues. The FIPA will also coordinate bilateral and trilateral engagements with other U.S. agencies and foreign central banks. The ability to perform highly technical operations in the area of financial analysis is not required for this position.

The successful candidate will work collaboratively with staff focused on domestic financial stability issues, with other divisions supporting the Board's international engagement, and with staff from other U.S. agencies and foreign institutions. The successful candidate will take initiative to improve processes and build productive relationships.

Essential Duties:

• Leads efforts to support principals and senior staff in their engagements in international fora, including by briefing, drafting support materials, and developing policy recommendations, where appropriate.
• Serves as project manager or team leader on inter-divisional initiatives to support principals' international engagement.
• Manages a committee- and issue-specific portfolio, tracks developments, and understands their strategic implications. Should be able to synthesize existing work on a topic, identify gaps, and where appropriate, recommend next steps.
• Builds and maintains relationships with counterparts in other divisions at the Board, other U.S. agencies, and other member jurisdictions.
• Provides creative solutions to improve efficiency of EXE processes and the group's effectiveness in meeting its objectives.
• May serve as Board liaison or representative in consulting/collaborating with domestic agencies, international authorities, and/or standard-setting bodies.
• May act as recognized subject matter experts and lead strategy development.

Required experience and competencies:

• A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 6 years of related experience, or a master's degree in a related field and 4 years of related experience.
• Must be able to exercise professional independence, technical expertise, initiative, reliability, and independent judgment.
• Ability to communicate clearly, concisely, and confidently in verbal and written form to a variety of audiences.
• Strong collaboration skills, with a high degree of tact and diplomacy.
• Flexibility in the face of quickly shifting priorities, agility to become proficient in a range of familiar and unfamiliar subject matter quickly.
• Demonstrated interest in international banking or financial stability issues.
• Ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.
• Excellent project management, time management and organizational skills to manage multiple and often conflicting priorities effectively, while demonstrating attention to detail.
• Personal commitment and drive to set and then meet or exceed high standards and objectives.
• Ability to handle confidential information and data.

About the EXE Section: The EXE section is a team of three permanent staff (including the manager) and one or two Federal Reserve staff on rotation at any given time. The section is responsible for supporting the Division's engagement with U.S. financial stability issues in international fora. This includes understanding and, where appropriate, contributing to the domestic financial stability assessment, and communicating key messages within and outside the Board. Section members work closely together and regularly collaborate with colleagues in other divisions and other U.S. agencies.

Please Note:

• The position is located in Washington, D.C. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 2 days per week.
• Please attach a C.V. and cover letter before submitting application. A writing sample may be requested.
• If you apply as a full-time staff member in a permanent position, you are subject to the same limited term timeframe outlined above and will not be able to maintain your permanent status.