Reference #: R-0000028336 CompanyFederal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary: The Risk Analytics and Surveillance (RAS) group identifies and monitors Third District banking conditions and emerging risks and trends. Risk identification and monitoring requires in depth analysis of the banking industry; capital markets; regional and national economies; supervisory policy review related to the overall risks in the examination process; and collaboration within the regulatory landscape to facilitate overall Third District macro-prudential supervision. Analysts develop and maintain a sophisticated working knowledge of their subject area, identify factors that pose risk to financial institutions and/or the financial system within the Third District, quantify the potential impact, and communicate findings to key internal stakeholders, including Supervision, Regulation & Credit (SRC) senior management, examination staff, various units in SRC, and the Risk Management Committee.

An ideal candidate must have knowledge of, be able to perform actions that are related to activities in the RAS business line. Possesses and applies comprehensive knowledge to the completion of moderately complex actions for state member banks, bank holding companies, and institution affiliated parties. Gathers, analyzes, and interprets moderately complex data. Prepares and presents accurate and comprehensive conclusions, recommendations, and related reports under general supervision. Briefs and advises business unit management on the identified issues. May review the work of less experienced analysts and provide training to promote professional development of staff. Participates on related department or Bank projects or task forces. Provides advanced quantitative analysis; draws conclusions and recommendations to assist in the overall supervision of moderately complex to complex supervisory issues impacting financial institutions; participates in moderately complex to complex examinations/inspections or transactions/events; develops and effectively communicates analytical findings for moderately complex to complex supervisory issues; participates or leads Division-, Bank and System-wide initiatives. Demonstrates and applies a comprehensive understanding of supervision and regulation processes and the risks faced by supervised institutions understands the interrelationship of banking risk and applies an integrated risk management approach in assessing an institution's performance; identifies more complex supervisory issues; individual may have advanced skills in one or more disciplines.

What You Will Do: Plans, conducts, and directs more complex actions as they relate to a specific business unit with minimal to no supervision. Participates in discussions with examination areas, Bank legal, and/or Board of Governors staff to determine the appropriate level of action to address identified deficiencies, prepares recommendation memoranda, and drafts informal and formal actions. Along with unit management, meets with bank senior management to place action. Plans use of time to accomplish a variety of tasks with no oversight; schedules own work so that the most important work is completed first; assigns work and tasks to project team and coordinates completion of project deliverables; develops project plans, timelines and milestones for more complex projects; serves as technical advisor/team member on projects or examinations/inspections. Evaluates finan ial institution progress in complying with action and recommends alternative action when warranted. Prepares correspondence to financial institutions describing further corrective actions needed. Monitors Suspicious Activity Report (SAR) database and participates in investigations of institution affiliated party (IAP) SARs and other reported IAP frauds. Working with other analysts, participates in investigations of potential IAP frauds with examination areas, Bank legal, and/or Board of Governors staff. Stays abreast of relevant regulations, interpretations, and legislation, and identifies emerging issues affecting the banking industry. Participates in departmental outreach program by making speeches to other Supervision, Regulation and Credit (SRC) business units, coordinating conferences, and/or writing articles related to assigned area of responsibility. May participates on bank, department, or system projects. Fulfills job duties and responsibilities in conformance with sound safety practices. Demonstrates effective SRC Core Competency skills and performs other related duties as assigned.

What You Have:

Knowledge and Skills: Strong written and oral communications skills. Under little oversight, presents both orally and in writing, findings and assessments concerning moderately complex to complex supervisory matters or institutions; prepares and presents information and responses to moderately complex to complex questions. Strong analytical and problem-solving skills. Demonstrates intermediate to advanced analytical and problem-solving skills; analyzes relationships among facts and events driving more complex problems; organizes data and information in a manner that effectively communicates issues; identifies underlying issues and recognizes trends/cause-effect relationships. Strong interpersonal skills. Demonstrates the ability to work effectively on a team; leads teams and uses skills of influence to accomplish stated goals; draws on experience to resolve moderately complex to complex issues; displays strong interpersonal skills in dealing with people at all levels of an organization. Strong time management skills. Identifies and assesses moderately complex to complex supervisory issues; effectively manages moderately complex to complex issues in order to meet our supervisory objectives and goals. Subject to general oversight in work performed; serves as mentor and/or coach and provides constructive feedback to less experienced staff; engages other stakeholders in collecting feedback and input to complete work activities. Strong PC skills, using standard Bank word processing, spreadsheet, and presentation applications.

Education and Experience: Bachelor's degree in business area, or equivalent related work experience and education, is required. An advanced degree is preferred. Minimum of five years' experience in bank supervision, banking, or finance related field is required. Completion of an examiner training program as specified by the Board of Governors is preferred. Below is a detailed summary of specialized skills for the RAS business line: Completes quarterly RAS unit reports based on the Third District banks` and savings associations financial condition for SRC staff. Analyzes sources of systemic risk, emerging issues, and economic factors as they apply to Third District financial institutions to assess their impact on the institutions and the supervisory processes. Confers with business unit management on the identified issues and escalates them to the appropriate areas when the risk is a known quantity. Plans, conducts, and assists on analytical studies and assignments with moderate to slight supervision. Prepares briefs on emergi