• Job Description

  Req#: R-0000025662

  Company

  Federal Reserve Bank of New York

  Working at the New York Fed 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.
  
  This position will offer workplace flexibility e.g. working remotely or on site as needed/ desired during the week. Employees can expect to be in the office weekly as needed for meetings and team collaboration and should live within a commutable distance. The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person a couple of days a week.

  What we do:

  The mission of the New York Fed's Data and Statistics function is to increase utility and ability to use 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 part of the Risk, Operations, and Controls (ROC) area, responsible for collections with a focus on system readiness, data timeliness and validity, preparation, and analysis. ROC serves to implement innovative solutions towards standardizing operations (e.g. process optimization, automation) and enhancing data quality to ensure fit for purpose data.

  Your role as Regulatory Data Operations Analyst:

  • Monitor and ensure nationwide reserves data and other critical monetary policy data is received, validated, and provisioned to data users within the Markets Group of the New York Fed by 7am each business day
  • Operationalize depository institution mergers and process account changes for impact on reserves account administration
  • Perform daily Sarbanes-Oxley (SOX) compliance by verifying reserves data are correctly posted to the Bank’s balance sheet
  • Correspond with reporting entities on deadlines, requirements, and accounting changes; Establish and lead dialogue with financial institutions to enhance data quality, and controls
  • Prepare systems, tools, and applications for data ingestion and data editing; Monitor and ensure data timeliness and validity
  • Report out statuses to team members and help prepare procedure documents
  • Perform testing tasks to verify that software and related process changes provide the intended functionality
  • Assess and respond to requests from key stakeholders on data collections and reporting concepts
  • Conduct analysis on interpretive inquiries for data series and reporters, reporting issues, and data concepts, including providing guidance on technical and reporting issues to respondents and stakeholders
  • Monitor operational key performance indicators (KPIs), assess, and analyze drivers, and create action plans
  • Participate in Function and System workgroups as assigned

  What we are looking for:

  • Experience using SQL, Tableau, Sapiens, Alteryx or similar technology to support financial/organizational structure data collections and analysis
  • Understanding of economics, financial products, accounting practices and Federal Reserve regulations
  • Exposure to qualitative and/or quantitative data focused on data cleansing, processing, reconciliation, and compliance
  • Strong critical thinking and communication skills to provide efficient and accurate analysis
  • Solutions oriented with an eagerness to learn and grow
  • Proficiency in Microsoft Outlook, Excel, Word, PowerPoint

  Application Deadline: September 20, 2024

  Salary Range: $74000 - $84000 / year

  We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

  Our Touchstone Behaviors —Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

  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
  • And more

  The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

  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, pregnancy, or military service.

  We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

  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.

  Full Time / Part Time

  Full time

  Regular / Temporary

  Regular

  Job Exempt (Yes / No)

  No

  Job Category

  Analytical

  Work Shift

  Second (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.

  Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.

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• About the company

  The Federal Reserve System is the central banking system of the United States of America.

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