Massachusetts Green Jobs

MassHire JobQuest Logo

Job Information

Federal Reserve System Markets Specialist in Boston, Massachusetts

Company

Federal Reserve Bank of Boston

As an employee of the Federal Reserve Bank of Boston (FRBB), you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

This job is eligible for a hybrid schedule with some on-site work expected.

Markets Specialist – LISCC Monitoring and Analysis Program

Overview:

The Federal Reserve Bank of Boston (FRBB) is seeking a Markets Specialist to join the Monitoring and Analysis Program’s (MAP) Synthesis Team. The MAP is a focal point for risk identification and analysis within LISCC Supervision, the Federal Reserve System’s (FRS) national supervisory program for the nation’s largest and most systemic financial institutions. The MAP monitors and analyzes select risks within the LISCC portfolio to inform supervisory planning, prioritization, and policy making. In executing its responsibilities, the MAP gathers and synthesizes information from LISCC Supervision firms and collaborates extensively with colleagues across the FRS.

The MAP Synthesis Team is responsible analyzing emerging risk topics in close collaboration with other MAP, LISCC Supervision and FRS colleagues. Deliverables include brief and in-depth analysis that fully deploys the MAP’s extensive access to supervisory intelligence, regulatory data, and experts throughout the FRS. The Synthesis Team’s topical orientation is broad and flexible, covering the full range of potential credit, market, liquidity, operational and other risks facing LISCC Supervision firms. Because of its broad remit and need to produce rigorous and impactful analysis, the Team’s process emphasizes thorough and probing engagement with experts throughout LISCC Supervision and the FRS. The Synthesis Team promotes the discussion its work and integration into LISCC Program intelligence gathering, examination, and policy efforts.

Position Overview:

The preferred candidate will deploy strong analytical, collaborative, and communication skills to identify and analyze emerging risk themes related to the supervision of LISCC banks. Responsibilities include but are not limited to:

  • Identify and analyze risk themes in close collaboration with FRS colleagues in a matter that fully deploys the MAP’s extensive access to supervisory intelligence, FRS experts, and other sources.

  • Work with MAP colleagues in guiding intelligence gathering efforts at LISCC Supervision firms to better identify, understand, and respond to emerging risks in a timely manner.

  • Regularly present and socialize analytical work to improve risk identification, examination, and policy efforts.

  • Contribute to MAP Core Team initiatives across a range of areas as needed (e.g., technology, communication, and engagement strategies, etc.).

  • Develop and engage a broad network of LISCC Supervision and FRS contacts to inform emerging risk analysis and enhance its impact in supervisory planning, examination, and policy activities.

Requirements:

  • Exceptional analytical and problem-solving skills, including a demonstrated ability to analyze complex topics and assimilate new information and perspectives.

  • Strong written and verbal communication skills, with a demonstrated ability to synthesize complex topics for a variety of audiences.

  • Strong interpersonal and collaboration skills, including an ability to foster strong and influential working relationships with a range of colleagues across geographic locations, LISCC Programs and FRS functions.

  • Deep or broad knowledge of bank business risks, performance, and operating environment, including lending, capital markets, investment management, processing, or other activities.

  • Familiarity with the bank supervision concepts related to capital, liquidity, governance and controls, and resolution and recovery.

  • Strong organizational and self-management skills, as evidenced by an ability to take initiative and ownership of assignments, produce high quality results under tight time constraints either as an individual or contributing member of a team, and operate effectively given rapidly evolving priorities.

  • Perform other duties as assigned.

  • Periodic travel including overnight stays may be necessary.

Supervision:

This position is not required to directly supervise others.

Knowledge and Experience:

Knowledge and experience normally acquired through, or equivalent to, the completion of a Master's degree and either 10 years of commensurate financial industry or regulatory work experience or a Bank Commission plus 6 years of work experience post commissioning.

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

Work Shift

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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

DirectEmployers