Regulatory Data Analyst - Monetary & Reserves Team
Working at the Federal Reserve Bank of New York 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 foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence an academic—all combined with a passion for public service.
What we do:
The mission of the New York Fed’s Data and Statistics function is to increase utility and ability to leverage financial data through standardization, thoughtful collection design, and increase capacity of the Function to scale operations. Reporting to the Regulatory Data Manager, you will be a part of the Monetary and Reserves team within the larger Financial Analysis Services Team (FAST), responsible for performing data analysis, building out and managing analytical products and responding to ongoing stakeholder and firm inquiries related to interpretive reporting topics.
Monetary and Reserves provides services focusing on data quality assurance and analysis of financial data received from domestic and foreign depository and financial institutions.
Your role as Regulatory Data Analyst:
- Conduct data analysis and visualizations, develop questions that resolve data quality anomalies, and research interpretive inquiries for complex data series, reporters, and data concepts
- Establish and lead dialogue with financial institutions to enhance data quality and controls
- Assess and respond to requests from Board staff on data collection operations and conduct studies on institutions’ reporting practices
- Prepare procedure documents and assist peers on data collections and reporting concepts
- Participate in Function and System work groups as assigned
What we are looking for:
- Bachelor’s degree, preferably in Accounting, Business, Finance or Economics with 2-5 years of relevant work experience
- Familiarity with financial and market conditions and financial statements (income statement and balance sheet)
- Understanding of U.S. and global capital and money markets structure and products, e.g., Deposits, Securities, Private Equity, Fed Funds, Repo, Agency MBS
- Experience identifying data and reporting discrepancies and analyze the impact of new and evolving financial instruments and market conditions concerning reporting requirements and regulations
- Familiarity with financial organization structures, accounting practices, and Federal Reserve regulations, including Regulation D
- Experience providing timely and accurate analysis, verbally and written
- Ability to work across all levels of staff and management at Reserve Banks, regulatory agencies, and regulated institutions
- Proficiency in Excel, Word, and Power Point
- Familiarity with Tableau, R, SAS, Python, SQL or similar technology
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
- Fully paid Pension plan and 401k with Generous Match
- Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
- Subsidized Public Transportation Program
- Tuition Assistance Program
- Onsite Fitness & Wellness Center
- Flexible Work Arrangements
- And more
Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.