Senior Financial Institution Policy Analyst, Banknote Issuance and Cash Operations- RBOPS - R024362

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

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Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE 26

Compensation Grade High: : FR PAY GRADE 28

Minimum Salary: : $123,500.00

Maximum Salary: : $266,500.00

Posting Date : Apr 17, 2024

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

Senior Financial Institution and Policy Analysts work under regular guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the primary contributor and may lead projects and teams and often represent the Section or Division on projects and task forces. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.

Duties and Responsibilities

• Senior Financial Institution and Policy Analysts perform the following responsibilities with regular guidance:
• 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
• Share information and make recommendations regarding projects and work for Section/Project Teams/Division or external stakeholders
• Serve as primary contributors and may lead projects or teams in the accomplishment of work
• Provide guidance to junior or new staff
• Represent the Section or Division on group projects or task forces
• Advise senior staff and managers
• Develop areas of domain expertise
• 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
  • Produce 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
  • Participate in and/or lead examinations and/or reviews
  • Support and implement supervision and/or oversight policies and programs
• Financial Analysis
  • Perform 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, data
• Policy
  • Interpret and/or implement policy, regulation, and/or guidance regulatory, and compliance
  • Draft policy recommendations supported by logical reasoning and sound analysis
• Risk Management
  • Identify and analyzes 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 analysis independently with broad administrative 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 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.
• 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 requirements:

FR-26 - A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master’s degree in a related field and 3 years of related experience. 
FR-27 - 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.
FR-28 Lead - A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 8 years of related experience, or a master’s degree in a related field and 6 years of related experience.
  
Remarks: 

The Banknote Issuance and Cash Operations (BICO) section supports the Board in meeting its statutory responsibilities under the Federal Reserve Act to issue Federal Reserve notes and to oversee the Reserve Banks' provision of currency and coin to depository institutions. This position will serve as the lead analyst responsible for overseeing the Reserve Bank cash operations and large-scale projects: 
•    To meet responsibilities to oversee Reserve Banks’ provision of currency and coin, BICO staff work closely with the Reserve Bank cash offices to collectively identify and manage risks. These risks range from cash operations (i.e. staffing, compliance) to large scale projects including the procurement of high-speed cash processing machines and information technology projects. Board staff also set policy and procedural guidance for the cash offices. The analyst hired for this position will lead these efforts. 
•    Additional duties of BICO staff include meeting responsibilities to issue notes. BICO staff determine the Board’s annual order for new currency and manage the Board’s annual new currency budget.  BICO staff conduct in-depth analysis using data from a broad range of sources to discern emerging patterns, address challenges, and identify opportunities to advance currency production, issuance, use in circulation, and destruction.  Additionally, BICO staff may conduct research on the evolving use of and demand for cash and the payments landscape to understand how they may affect the demand for cash, and emerging trends that may affect the quality of currency in circulation. The analyst hired for this position may contribute to these duties but will not be part of their primary responsibilities. 
The primary roles of the analyst will be to lead cash operations and program reviews requiring collaboration from other Division sections. The primary purpose of these reviews is to detect risks, raise issues, and identify best practices across the 28 cash offices and the System cash office. 

The analyst will require: 
1.    Strong written, verbal, and presentation skills. The analyst must be able to complete a wide range of deliverables (PowerPoint presentations, formal memos, talking points, informal emails) to senior leadership with minimal review. The analyst will need to determine and recommend the best method of deliverables. The analyst will also be asked to deliver verbal presentations to the team, Division, and System leadership. 
2.    Exceptional analytical capabilities. The analyst must recommend appropriate solutions or decisions based on strong analysis of the facts and thorough analyses of alternatives. The analyst must be comfortable reading policies and understanding impact of potential changes to policy.
3.    Exceptional organizational capabilities: The analyst will be responsible for leading the entire team through the oversight process including coordinating reviews, communicating shared topics, and summarizing issues. While some procedures exist, the majority of the work is risk-based and will require proactiveness on the analyst’s part to determine the appropriate plans. 
4.    Ability to influence and collaborate with stakeholders. BICO staff work with a wide range of stakeholders (external and internal). In our governance role, Board staff are required to present Board guidance and work with stakeholders to ensure their understanding and compliance with Board policies. The analyst will need to be comfortable reaching out to a variety of stakeholders at different levels to understand and influence on a variety of topics. The analyst will be expected to build and maintain working relationships with key partners to successfully execute ongoing oversight activities and delivery feedback.
Some travel will be required. A writing sample/exercise may be requested. 
This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite. Relocation assistance is available.