Federal Reserve System Senior Risk Analyst III in Boston, Massachusetts
Federal Reserve Bank of Boston
Working at the Federal Reserve Bank positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial services professional and the intelligence of an academic—all combined with a passion for public service.
This job is eligible for a hybrid schedule with some onsite work expected.
Overview of Team/ Function:
As a Senior Risk Analyst III, you will perform a wide array of financial risk analyses to support the Regional and Community Supervision function (R&C or Unit). Reporting to the Exam Manager, you will oversee aspects of the daily responsibilities of the offsite supervision program, which requires monitoring First District banks and holding companies. You will work in collaboration with the onsite examination team to identify emerging risks and develop appropriate risk profiles to inform supervisory strategies. Also, you will ensure other supervision-related responsibilities are conducted in accordance with Federal Reserve Board of Governors (Board) guidance. You will earn the commissioned examiner designation.
The position and job description posted is for a Senior Risk Analyst III. However, you will be placed into an appropriate level within the Risk Analyst family (including Senior Risk Analyst III or Lead Risk Analyst) based on your degree of knowledge and experience.
Lead the portfolio management function for designated state member banks and holding companies, which includes meeting the requirements associated with the Board Surveillance program and the R&C portfolio monitoring program. Review staff work products, ensuring they meet Unit and Board quality standards. Also, provide direction on the use of complex risk data and tools supporting the work of the Unit.
Independently perform or participate in the most complex, sensitive, and high-profile reviews to impart expert-level perspective and independent recommendations. Maintain an advanced understanding of risk processes to identify issues or concerns and highlight industry trends.
Maintain ongoing expert-level knowledge of supervisory guidance and prevailing issues, maintain an understanding of the current market and economic environment, and provide informed direction to lower-level staff. Convey important conclusions and issues to management.
Manage complex projects even when guidance is unclear, including adjusting and realigning the scope, assignments, deliverables, and deadlines.
Contribute to the bank’s culture of diversity, equity, and inclusion, and the development and achievement of team goals. Provide ongoing training, support, and balanced performance feedback to more junior staff, with a focus on staff development. Also, manage assignments to provide staff development opportunities and thereby enhance overall staffing strength and engagement.
- Knowledge and experience normally acquired through, or equivalent to, the completion of a Master’s degree and seven years+ of related work experience. You will complete the Examiner Commissioning Program (ECP).
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401K match, and a fully funded pension plan
Paid vacation and holidays; flexible work environment, healthy workflow
Generously subsidized public transportation
Annual tuition reimbursement
Professional development programs, training and conferences
The Federal Reserve Bank of Boston 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
Regular / Temporary
Job Exempt (Yes / No)
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)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.