Federal Reserve Board of Governors
Financial Institution & Policy Analyst - FMI Oversight (RBOPS) (Finance)
Reserve Bank Operations and Payment Systems (RBOPS)
Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and 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. 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.
The Role & Team
This position will primarily be responsible for conducting the Federal Reserve Board's oversight of systemically important Financial Market Infrastructures (FMIs) including central counterparties, payments systems, and securities settlement systems. These FMIs are critically important to the functioning of the US financial system and span a wide range of asset classes including securities (equities, Treasuries, mortgage-backed securities, etc.) and financial derivatives (options, futures, swaps, etc). The Financial Institution Policy Analyst will assess the financial and operational risk management practices at the FMIs and will interact directly with other analysts in the Federal Reserve system, staff at other US and international regulatory authorities, and senior management at the FMIs.
Required Experience
Degree in finance, accounting, business administration, public policy, economics, or another related field and corresponding experience as follows:
FR-24: bachelor's minimum of 2 years of related experience or a master's 1 year of related experience.
FR-25: bachelor's minimum of 3 years of related experience or a master's 2 years of related experience.
Must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance:
Prior experience in one of the following areas is a plus: Financial Market Infrastructure or bank supervision, policy or analysis; capital markets or trading; financial risk management including stress testing, value-at-risk modeling, derivative pricing, counterparty credit risk management; or operational risk management.
Note: A writing sample may be requested. This position is located in Washington, DC and will not be a full-time remote role.