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Federal Reserve Bank of Boston Financial Stability and Banking Risk Specialist This job is eligible for a hybrid schedule with some on-site work expected. The individual is expected to reside within a commutable distance to the Federal Reserve Bank of Boston’s headquarters.
The Supervisory Research and Analysis Unit (SRA) is an interdisciplinary group of professionals (Economists, Financial Markets Specialists and Analysts, Accountants, and Research Assistants) that conduct research and analysis aimed at supporting the Federal Reserve Bank of Boston’s supervision and regulation efforts. SRA staff produce research on the banking industry and broader credit markets, the impact of micro- and macroprudential policy on financial markets, and developments that could raise Financial Stability issues. SRA also makes meaningful contributions to the Federal Reserve System's efforts to identify and monitor potential Financial Stability risks, and routinely advises senior Bank leadership on related matters. Finally, SRA supports the Bank’s participation on several Federal Reserve System initiatives that inform top policymakers and supervisors.
Job Summary:
This position will play a critical role within a small and entrepreneurial team analyzing, researching and monitoring the banking industry with a particular focus on Financial Stability issues. This may involve project work in a variety of areas including (but not limited to) bank capital and liquidity risk, commercial real estate, and the implications of fintech. The candidate should possess an understanding of the activities, risks and structure of largest, most complex banking organizations, ideally gained from a supervisory or external analyst/research perspective.
Primary responsibilities will include preparation of memorandums and presentations that convey complex analysis and viewpoints for senior and executive management, effectively distilling principal findings and/or actionable recommendations. The role will include providing updates on the banking sector for the Supervision and Markets briefings for the Reserve Bank executive leadership and managing special projects and Financial Stability research for both Bank and System initiatives. The individual is expected to contribute to thought leadership and assist in identifying existing and emerging issues within the banking sector. The team would benefit from someone with a keen interest and appetite to conduct analysis, contribute to large scale projects, as well as engaging with Economists and other senior Bank and System staff to execute on high impact deliverables.
Primary responsibilities will include preparation of memorandums and presentations that convey complex analysis and viewpoints for senior and executive management, effectively distilling principal findings and/or actionable recommendations. The role will include providing updates on the banking sector for the Supervision and Markets briefings for the Reserve Bank executive leadership and managing special projects and Financial Stability research for both Bank and System initiatives. The individual is expected to contribute to thought leadership and assist in identifying existing and emerging issues within the banking sector. The team would benefit from someone with a keen interest and appetite to conduct analysis, contribute to large scale projects, as well as engaging with Economists and other senior Bank and System staff to execute on high impact deliverables.
The position and job description posted is for a Markets Risk Specialist; however, candidates will be placed into an appropriate level within the Specialist job family based on the extent of their experience.
Qualifications:
- Master’s degree in business, finance and/or economics preferred; other qualifications such as CFA also considered
- Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and a minimum of 10 years of related work experience preferably in an research-based role
- Strong knowledge of the global banking sector, with experience in capital and liquidity regulation and analysis of fundamental risks of large financial institutions
- Broad understanding of the Financial Stability risks facing financial markets, linkages between banks and non-banks, and how policymakers monitor and identify these issues
- A demonstrated ability to develop thought leadership on topics related to Financial Stability and systemic risk
- Strong project management skills to execute research for individual and team projects, leveraging findings into clear takeaways for stakeholders and meeting applicable deadlines
- Experience using both public and supervisory information in analyzing the U.S. and global banking sector and distill key risks and themes
- Solid communication skills including an ability to write for and present to executive level audiences
- An ability to travel is required up to approximately 20% of the work year
The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time Regular / Temporary
Regular Job Exempt (Yes / No)
Yes Job Category
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First (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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