Federal Reserve Board

74 job(s) at Federal Reserve Board

Federal Reserve Board Washington, District of Columbia
Jan 04, 2024
Full time
DESCRIPTION/RESPONSIBILITIES: I. JOB SPECIFIC DUTIES AND RESPONSIBILITIES: 1) Reporting to the associate director, the assistant director oversees the activities of the administrative section and is responsible for working closely with the division’s senior leadership team. Provides leadership and support to section chiefs in managing section resources to address the ongoing needs of the division and to assure high-quality completion of section responsibilities and critical work demands. Areas of focus include administration and program management; budget and resource management; communications and employee engagement; and coordination of diversity and inclusion efforts. 2) Oversees division-level initiatives and programs related to human capital, financial management, performance management, logistics, and overall organizational efficiency and effectiveness. Manages the communication, coordination, and prioritization of those programs to support and inform division staff. Works closely with other divisions in considering practices and policies that effect similar jobs within the economics community or across the Board. 3) Provides leadership, guidance, and direction to a team of professionals in the administration section. This section provides strategic and routine support in the areas of human capital, financial management, procurement, project and program management, performance review and reporting, communications, and other general administrative support. 4) Works closely with the senior leadership team, other officers, and other divisions to guide strategies and initiatives to enhance diversity and inclusion, talent development, employee engagement, performance management and compensation, and other aspects of organizational culture and values. 5) Supports the division’s senior officers by providing information and analysis on administrative topics and policy interpretation and by contributing to the strategic direction of the division and the achievement of its objectives and priorities. Provides intellectual leadership on all operational issues and division management programs. 6) Partners with the senior leadership team and the deputy associate director for technology and data to ensure alignment, integration and communication of initiatives and programs, as needed, to support the needs and responsibilities of the division’s research, analytic, operational, and technical communities. 7) Engage in enterprise-level activities in the areas of expertise, representing the division’s business needs in the formation of Board policies, programs, and strategic discussions.  Build strong working relationships with colleagues in the division and in partner divisions at the Board.  Represent the division, the Board, or the System, on committees or in meetings with other divisions, the Reserve Banks, other agencies, professional conferences, or other outside groups. II. DIVISION SPECIFIC REQUIREMENTS: The assistant director oversees the activities of the administrative section and is responsible for working closely with the division’s senior leadership team providing leadership and strategic direction to the division.   The individual is a broad conceptual thinker with a practical orientation and an ability to translate complex concepts into applied advice and practice. The individual has strong analytical and problem-solving skills, excellent written and oral communications skills, and excellent management and leadership abilities. Much of the work of FS is conducted by teams of staff from other divisions and reserve banks. As a result, it is critical for officers in FS to promote close and effective working relationships among staff working together as a team.   As an officer in the FS division, the individual will: support the division’s diversity, equity, and inclusion objectives and focus on maximizing the contribution, development, and accountability of all staff in the division; facilitate the strongest contributions of others by distributing authority, responsibility, and decision-making widely, providing feedback, and encouraging initiative and creativity; create a work environment in which it is safe to speak, and everyone’s voice is heard, and in which every employee is being valued, without bias, preference, or prejudice; ensure that the staff’s work is aligned with our principals, priorities and the division’s strategic objectives, including those related to diversity, equity and inclusion; explain to staff how their work fits into the bigger picture. Employment is also contingent upon meeting the Board’s requirements for accessing information relevant to the job and the completion and satisfactory adjudication of relevant background investigations. This position is located in Washington DC. Employees are expected to spend a minimum of 2 days per week onsite, subject to change. Relocation assistance is available. Some travel within the United States might be required. III. KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:   1) Bachelor’s degree or equivalent professional experience in communications, economics, finance, business management, public administration, human resources, organizational leadership and development, or a related field. Advanced degree preferred. 2) Substantial knowledge of policies, procedures, and processes in the areas of human resources, administration, and financial management. In particular, the candidate should have a minimum of 8 years of professional experience and a proven track record in some or all of the following areas at the Board or similar organization: • Administration and operations • Human resource management, including recruiting and retention strategy, performance management, and professional development • Financial management, including budget execution and forecasting • Strategic communications 3) Two or more years leading people, including setting development strategy, establishing aligned performance expectations, and providing clear and actionable feedback. 4) Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 5) Demonstrated experience and commitment to fostering collaboration and employee engagement. 6) Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations. 7) Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands. Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.   8) Exceptional organizational savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics 9) Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management. IV. OFFICER SPECIFIC POSITION RESPONSIBILITIES:   1) Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies. 2) Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies. 3) Fosters a continuous learning culture. 4) Exercises appropriate judgement and decision-making in complex situations. 5) Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies. 6) Demonstrates strong leadership and management skills aligned to the Board’s espoused values. 7) Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs. 8) Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills. V. BOARD COMPETENCIES: 1) Decision Quality:  Makes timely, thoughtful, strategic decisions 2) Learning Agility:  Takes responsibility for building organizational agility 3) Drive for Excellence:  Delivers results by developing shared vision and direction for the organization 4) Perspective and Strategic Agility:  Leads and acts with the future in mind 5) Collaborative Relationships:  Sets the tone for collaborative organization 6) Effective Communication:  Effectively speaks and acts on behalf of the Board VI. PERSONAL RELATIONSHIPS: 1) Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility. 2) Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility. 3) Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model. 4) Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities. VII. INTERNAL MANAGEMENT RESPONSIBILITIES 1) Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff. 2) Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and staffing resources allocated by the Board and the division's senior management. 3) Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility. 4) Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility. VIII. POSITION DEMANDS: 1) Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the division’s and Board’s missions.   2) Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service. 3) Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters. 4) Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings. 5) Ability to operate under pressure to meet deadlines accurately and in a timely manner.
Federal Reserve Board Washington. DC
Dec 14, 2023
Full time
Minimum Education Bachelor's degree or equivalent experience Minimum Experience 8 Summary Manages the daily operations of one or more programs and sections. Provides leadership in the development of the DEI Program section and staff. Schedule's workload, establishes priorities, assigns work and projects, sets standards, monitors work assignment progress. Leads, motivates, and coaches staff. Fosters teamwork. Ensures that current section program advances the Board's DEI strategic priorities, division goals and section objectives and recommends to senior management operational changes and personnel actions. Responsible for communicating section DEI goals and objectives and initiatives. Act as subject matter expert to contribute to and advise on policies, practices, and procedures from a DEI lens. Seeks advise from senior management and legal upon implementing statute and legislation related to DEI matters. Embodied a strong stakeholder service philosophy. Duties and Responsibilities      * Manages Operations: Manages section operations. Provides overall strategic direction regarding work methods and procedures, accountability, and management controls and ensures policies, practices, procedures are implemented to ensure equal access in addressing affirmative employment requirements and initiatives.      * Manages and Develops Section Staff: Provides leadership in the development of the section. Schedule’s workload, establishes priorities, assigns projects, ensure effective and efficient use of resources (both monetary and people). Serves as reviewing manager on staff performance evaluations and recommends to senior management personnel actions (hiring, salary administration, position reallocation).      * Develops, Implements, Evaluates Programs: Serve as Board liaison or representative in consulting/collaboration with federal agencies and legislative entities. Act as recognized domain expert within the Board and ODEI.      * Identifies and Manages Needs and Risk: Identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data that can be used to analyze workplace issues, policies, and practices. Identifies and manages enterprise needs and risk as they relate to DEI strategies, initiatives and develops and facilitates actions that mitigate these risks. Directs staff in research and analysis of significant issues.      * Strategic Planning: Serves as a member of the division’s management team, helping to identify future goals and objectives for ODEI section and divisions. Works closely with senior management and other colleagues to develop strategic direction and vision for future initiatives of ODEI and/or the Board, and champions initiatives to stakeholders. Leads or participates in multi-disciplined workgroups formed within the board and inter-agency to address needs and challenges relevant to diversity, equity and inclusion.      * Develops and Communication of Policies: Responsible for communicating DEI policies and procedures and collaborates with ODEI management to include Chief Diversity Officer when developing new procedures.      * Represents Board/ODEI: Represents the Board and/or ODEI at conferences and meetings with other Government agencies, private sector organizations, and Federal Reserve Banks on section matters.      * Manages Budget: Researches and manages department-sponsored DEI training and consultation. Provides recommendations and justification for staff training/conference expenses, and operational enhancements. Maintains budget reporting requirements for outside contractors, and expenses related to program objectives and initiatives. Coordinates work with outside contractors, Writes or otherwise reviews specifications for major contractual job requirements. Monitors, and reviews contractual work and certifies delivery of required work deliverable (efficiency, cost, and timeliness).  * Requires managerial, analytical, and technical skills typically acquired through completion of a bachelor’s degree in human resources, business administration, or related field and a minimum of 8 years of demonstrated related experience, or a master’s degree in a related field and 7 years of demonstrated specific work experience, including 2 years of experience managing a Diversity and Inclusion, or related team.      * Senior DEI Program Manager is looked to as a subject matter expert in the following competencies and is capable of leading and teaching others in these areas:           + Data Collection & Analysis:  The ability to collect and analyze quantitative and qualitative data.           + Risk Management:  the ability to utilize risk management principles to evaluate and mitigate potential risks.           + Problem Solving: The ability to influence, educate and guide actions relating to DEI strategy. The ability to apply understanding of how organizations, HR operations, Board policies in particular are impacted by changes in regulations and policy and vice-versa.           + Knowledge of Relevant Policy and Laws:  The ability to interpret and apply law and regulations related to areas of responsibility, evaluate the impact of changes in law, policies and/or regulations related to DEI.      * Demonstrates effective interpersonal, oral, and written communication skills, and a strong collaborative and service philosophy.      * Must be highly dependable and capable of exercising sound independent judgment, discretion, diplomacy, and strategic thinker. The FR-29 requires managerial, analytical, and technical skills typically acquired through completion of a bachelor’s degree in human resources, business administration, or related field and a minimum of 9 years of demonstrated related experience or the equivalent combination of education and experience, including 3 years of D&I or related managerial experience. The Office of Diversity, Equity & Inclusion (ODE&I) has resumed an in-office presence. Our flexible work environment requires employee to be physically present in the office a minimum of 4 days per month, subject to change. This includes a weekly core day. On occasion, ODE&I staff may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.
Federal Reserve Board Washington, DC
Dec 11, 2023
Full time
Minimum Education Bachelor's degree or equivalent experience Minimum Experience 3 Summary The Compliance and Internal Control Analyst is knowledgeable of compliance, risk, and control processes and frameworks, including the COSO frameworks. Supports the coordination and maintenance of the Board's compliance, risk, and control programs. Assists with compliance, risk and control related project management tasks, including predicting next steps in the project. Conducts research and data analysis on project and program relevant topics. Works effectively with the team, and able to work independently with appropriate direction and guidance. Duties and Responsibilities      * Demonstrates knowledge of business processes and related risks and other technical areas, such as information technology, accounting, human resources, or other business objectives and risks.      * Actively participates in and sometimes facilitates process review sessions and prepares documents used for process and control analysis, including process flow descriptions, diagrams, tables, and matrices.      * Assists with project maintenance, tracking, and reporting using the appropriate project management methodology. Project maintenance tasks may include scheduling meetings and assisting with developing/maintaining project schedules and status reports for senior management. Understands the reason for the project and consulting tasks to be performed and anticipates the next steps without prompting. Demonstrates effective time and task management over multiple projects, takes ownership of assignments and projects, and accepts responsibility for team results.      * Reviews the identification of areas of risk, potential technical problems, and opportunities to improve the efficiency and effectiveness of overall business processes to learn how to perform this identification.      * Obtains accurate data and performs thorough analysis identifying implications of the analysis across functions and divisions.      * Reviews documents for appropriateness of format and consistency of content. Edits documents in accordance with the Board's editorial standards and informs senior staff of modifications made. Devises approaches to the presentation of material, text, tables, and charts to best convey the information to the reader.      * Facilitates teamwork by contributing to team efforts, sharing responsibility for team results, and exhibiting a positive attitude. Begins leading project teams by building effective team relationships and developing and maintaining effective team performance. Requires a bachelor’s degree in economics, finance, accounting, business, operations analysis, or management information systems or equivalent experience, and at least three years of experience in auditing, consulting, or related field which included business process analysis and presentation and understanding of general IT practices. CPA, CIA, or other relevant professional certification desired. Understands of business processes and related risks and other technical areas, such as information technology, accounting, human resources, or other business objectives and risks. Must have excellent research skills. Must have demonstrated knowledge of analytical techniques for organizational behavioral and general data analysis. Must have basic knowledge and understanding of the COSO frameworks and some experience with its application. Must be knowledgeable of compliance, risk, and controls and have experience documenting processes and developing tests of internal controls. Requires ability to identify gaps between risks and controls. Experience in independently managing work assignments and project responsibilities. Requires a strong customer service philosophy, attention to detail, quality orientation, creativity, and commitment to teamwork.  Requires ability to engage in cross-functional activities and to readily readjust priorities to accommodate client demands.  Understands the reason for the project and consulting tasks to be performed and anticipates the next steps without prompting. Requires proficiency with flow charting methodologies, software, and symbols for developing process flow diagrams, and basic software tools, such as Microsoft Word, Microsoft Excel, and Microsoft PowerPoint.  Knowledge of information systems for business processes is desired.  Learns the internal control and auditing standards, such as AICPA’s Generally Accepted Auditing Standards (GAAS), GAO’s Generally Accepted Government Auditing Standards (GAGAS), PCAOB’s Auditing Standards (AS), and/or IIA’s International Professional Practices Framework (IPPF). FR-25 requires meeting the requirements of the preceding grade in addition to at least four years of specialized experience in auditing, consulting, or related field which included business process analysis and presentation, and understanding of general IT practices. CPA, CIA, or other relevant professional certification desired. Demonstrates knowledge of business processes and related risks, general IT risks and controls, and other technical areas, such as accounting, human resources, or other business areas. Must have excellent research skills and experience researching compliance, risk, and control matters. Demonstrated high-degree of knowledge of and some experience applying analytical techniques in both organizational behavioral and general data analysis. A detailed understanding of the COSO frameworks and experience with its application is required. Knowledge of other quality/control frameworks is desirable. Must be very knowledgeable of compliance, risk, and controls and have experience documenting processes and developing tests of internal controls.  Working knowledge in assessing risk and management controls and identifying inefficiencies in operations.  Experience with implementing/evaluating controls related to Sarbanes-Oxley legislation is desired. Knowledge of and ability to use principles, methods, techniques, and systems of project management to improve program effectiveness and customer service.  Excellent planning and organizational skills required.  A demonstrable commitment to strong customer service, attention to detail, quality orientation, creativity, and teamwork.  Requires proficiency with flow charting methodologies, software, and symbols for developing process flow diagrams, and basic software tools, such as Microsoft Word, Microsoft Excel, and Microsoft PowerPoint.  Knowledge of Microsoft Access and other software tools is desirable. Working knowledge of financial and human resources policies, procedures, and applications (PeopleSoft and Oracle Financials preferred). Familiarity with automation systems and ability to analyze their effects and interactions with business processes. Learns the internal control and auditing standards, such as AICPA’s Generally Accepted Auditing Standards (GAAS), GAO’s Generally Accepted Government Auditing Standards (GAGAS), PCAOB’s Auditing Standards (AS), and/or IIA’s International Professional Practices Framework (IPPF). Assists with the preparation of internal control, procedural, and technical processes that require predicting the interrelationships among multiple organizations. Work is expected to support senior staff in adding value to division processes and meeting unit goals and objectives. Typical communications are with senior unit staff, individual clients throughout the Board, and technical working groups. Communications are mostly as part of a project team and directed by a project lead. Must possess the ability to communicate business processes and technical information to all levels of staff. Requires excellent oral and written communication skills, solid presentation skills, basic facilitation skills, and knowledge of the Board’s documentation standards. Must possess interviewing skills to obtain and translate information into narratives and flowcharts. Must have strong interpersonal skills. Lean six sigma certification is preferred. This position is hybrid, combining telework and an in office presence in the Washington, DC office. This position is not eligible for long distance telework.
Federal Reserve Board Washington, District of Columbia
Oct 16, 2023
Intern
DESCRIPTION/RESPONSIBILITIES: Minimum Education Enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Minimum Experience 0 Summary The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes. REQUIRED SKILLS: About the Team & Role The RBOPS Technology Lab (TechLab) delivers expertise on payment innovations to Federal Reserve decision makers by researching and conducting hands-on experimentation with technologies broadly relevant to payments, clearance, and settlement. The TechLab intern will support the team’s ongoing payment technologies experimentation work. Potential projects will focus on topics such as distributed ledgers, crypto assets, statistical programming, and data analysis. Specific projects will depend on the intern’s knowledge and academic areas of interest. The TechLab expects our intern to contribute written work and some code product (i.e., Python, R, JavaScript) as part of their assignments. Background & Skills Required Currently enrolled graduate student, graduating no earlier than spring 2025, studying computer science, data science, information technology/systems, or a related field. Analysis :  Business, Communication, Network, Programmer, Research Applications :  MS Office Suite, SharePoint Programming :  C#/++, Java/JQuery Note • This role is located in Washington, DC. and the intern must reside in the area during their internship to meet a minimum requirement of six in-person days per month. • We are looking for someone to begin in spring of 2024 (part-time, up to 20 hrs/week) and then transition to full-time (40 hrs/wk) during the summer months. Potential to be extended beyond the summer as well. • US Citizenship Required
Federal Reserve Board Washington, District of Columbia
Oct 16, 2023
Full time
DESCRIPTION/RESPONSIBILITIES: PLEASE READ FIRST This requisition is not an actual job vacancy. Submitting your profile here does not enter you into the official candidate pool. This is a general announcement for economist vacancies we are seeking to fill via the 2023 job market - please follow instructions below to apply by the deadline indicated on the JOE website. The Role The Federal Reserve Board is seeking candidates who demonstrate the potential to contribute creatively to academic research and policy in a collaborative workplace and to engage constructively with differing viewpoints in their work. We invite applications from candidates with a Ph.D. in economics, finance, or a related discipline, or who are nearing completion of their doctoral dissertation. The Board employs over 400 Ph.D. economists to support its research and policy missions, which affect all sectors and people in the economy. To understand the economy in its entirety, the Board is committed to attracting, developing, and retaining a diverse workforce. As such, we especially encourage submissions from groups traditionally less represented in economics and finance. We recognize the benefit derived from different perspectives. To analyze the vast array of data, conditions, and economic experiences that describe the economy, the Board relies on research economists with a wide variety of backgrounds, interests, and expertise. To learn more about Board economists’ work in microeconomics, macroeconomics, finance, international economics, economic measurement, and other fields, please browse through the economists’ web pages at: www.federalreserve.gov/econres/theeconomists.htm. Researchers at the Board benefit from extensive and unique data resources, state-of-the-art computing facilities, highly trained and motivated research assistants and analysts, and active speaker series and workshops. Information on resources is available at www.federalreserve.gov/research. The Board also hosts a Federal Statistical Research Data Center, which allows researchers with approved projects to access restricted-use microdata from the Census Bureau and other agencies to address important research questions. A generous benefits package that includes parental leave and alternative work schedules to support work-life balance is available to employees. REQUIRED SKILLS: Please apply through the Job Openings for Economists (JOE) website with the materials listed below. Late applications may be considered as scheduling/capacity allow. Deadline is 1/31/2024 and this announcement post will close in alignment with that date. All employees of the Federal Reserve Board must be U.S. citizens or must declare their intent to apply for U.S. citizenship when eligible to do so by signing a declaration prior to employment. Application Materials • CV • Cover Letter • Job Market Paper • Three (3) Letters of Reference • Questions regarding citizenship in the JOE application • Diversity statement: The Federal Reserve Board is committed to fostering an inclusive and diverse workplace. Please include a brief discussion (anything from a paragraph to a page) of your perspective on diversity and inclusion (D&I), including how you have sought out diverse viewpoints in your work, collaborated with people with different backgrounds and experiences, worked with individuals or groups focused on D&I issues, or conducted research on D&I related topics, such as differences in economic outcomes or experiences across groups. Please also include any thoughts on how you could help foster an inclusive environment featuring an open exchange of ideas from a variety of backgrounds and perspectives. If you have already developed a similar statement for another institution, including academic institutions, please feel free to submit that statement rather than prepare a new one. The Federal Reserve Board is an equal opportunity employer and is committed to supporting and fostering diversity within the broader economics research community.
Federal Reserve Board Washington, DC
Sep 26, 2023
Intern
Minimum Education Enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Minimum Experience Summary The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes. The Policy Development team in the Division of Supervision & Regulation is responsible for developing and implementing policies relating to financial institution supervision and regulation. Examples of the team’s work include rule-makings, guidance, rule interpretations, and briefing materials for senior officials involving matters such as capital, liquidity, resolution, and other areas of the bank regulatory framework. The summer intern in the Policy Development section will work closely with section policy analysts and management to conduct analysis and writing in support of bank regulatory policy development and interpretations. Over the course of the internship, the student will: •    Develop an understanding of various banking activities and how and why they are regulated. •    Become familiar with the regulatory policy process, including federal agency rule-making. •    Conduct research and qualitative and quantitative analysis to inform policy decisions and interpretations. •    Have opportunities to contribute to internal briefing and external communications materials. The ideal candidate will have: •    Strong critical thinking, problem-solving, and analytical skills. •    Strong written and oral communication skills. •    Ability to learn, digest, and engage in new topics.  Candidate feels comfortable working in unfamiliar territory and delving into new topics, issues, and challenges. •    Intellectual curiosity and interest in financial institution regulatory and policy issues. •    Flexibility to manage competing priorities efficiently and to complete tasks under tight deadlines. •    Ability to distill complex information and identify appropriate options or solutions for decision makers. •    Ability to incorporate feedback effectively and efficiently. •    Attention to detail, thoroughness, organization, timeliness, sound judgment, resourcefulness, and creativity. Suggested Major/Program: Current student in a graduate-level program, focused on Public Policy, Law, Economics, Finance or a related field. Required Skills and Knowledge: Strong written communication skills; Microsoft office Preferred Skills and Knowledge: Experience or knowledge in finance, capital markets, or banking is desirable, but not required. Required Documents for application: Resume, unofficial transcript; cover letter recommended; a writing sample may be requested during the recruiting process. Location: This position is open to candidates able to work in either a hybrid (at our offices in Washington, DC) or remote capacity. U.S Citizenship is required for all Board internships and applicants must be current students, graduating from their program Fall 2024 or later.
Federal Reserve Board Washington, DC
Sep 12, 2023
Intern
The economic research internship program offers a number of summer research opportunities across each of our four economics divisions.      * Financial Stability (FS)      * International Finance (IF)      * Monetary Affairs (MA)      * Research & Statistics (R&S) This program provides students with the opportunity to gain valuable research experience, network with peers in the field, and to work side-by-side with our economists and analysts in support of the Board’s important research and policy work. The program is designed to help students develop quantitative analysis, critical thinking, and writing skills through your summer experience. Summer projects cover a broad range of topics including, but not limited to:      * Gathering /analyzing large data sets      * Programming economic models      * Historical analysis      * Economic Forecasting      * Analyzing current policy issues These internships are ideal for students looking to build their research acumen, who have an interest in graduate school, or who are considering the Board’s Research Assistant (RA) program after graduation. Economic interns are given priority consideration for 2025 RA openings, given positive summer performance and aligned graduation timeframe. Note:      * This posting is for multiple (~20) economic research internships across the four divisions listed above. All internships will be 10-12 weeks.      * This internship will be completed in a hybrid capacity on-site in Washington, D.C., at the discretion of the selected candidate & in collaboration with the hiring team.      * Learn more about our internship program at https://www.federalreserve.gov/careers-internships.htm      * Learn more about the Board’s economists and their research at https://www.federalreserve.gov/econres.htm      * Applications are accepted through October 31 and will be reviewed after the posting close date. Most interviews & offers will occur between November and mid-December. Majors/Academic Programs: Pursuing a degree in economics, finance, or related field (e.g. statistics, computer science, mathematics, business). Skills/Knowledge: Previous research and statistical programming experience is a plus, but not required.      * U.S. citizenship required      * Current undergraduate or graduate student, graduating Fall 2024 or later Application Instructions/Required Documents No later than 10/31/2023, complete the following:     1. Attach resume, cover letter, and unofficial transcript to your profile before submitting your application.     2. Provide one (1) letter of recommendation - can be academic or professional          1. Attach to your applicant profile if you have a copy [OR]          2. If your recommender would like their letter to remain confidential, they can send it to frbrecruiting@frb.gov and we will attach to your profile
Federal Reserve Board Washington, DC 20001
Apr 26, 2023
Full time
DESCRIPTION/RESPONSIBILITIES: Under the general supervision of the Manager, the Senior Information Systems Analyst acts as a lead analyst and performs highly technical analyses of major systems. Is responsible for the design, implementation, and support of complex automated distributed systems essential to carrying out the responsibilities and daily activities of division staff. The Analyst uses initiative and resourcefulness in solving unusual problems and in developing new procedures.       REQUIRED SKILLS: Requires advanced knowledge in the following areas: network design and configuration, cloud technologies, end-point system design/installation/maintenance, end-user technical support, and problem diagnosis/resolution.  Able to communicate complex technical concepts in nontechnical language. Possesses strong oral and written communications and interpersonal skills. Requires a bachelor's degree and a minimum of five years related work experience.   Skills/Experience Highly skilled in administering, troubleshooting, and supporting: o    Microsoft platforms including Active Directory, Windows, Azure, Teams, SharePoint Online, OneDrive, and O365 integration (on-premises to cloud) o    iOS and O365 mobile o    Remote access (VPNs, remote desktop support, home router configuration, Wi-Fi…)   Experience with: o    Configuring security settings and access roles/permissions o    SCCM or similar reporting and package development o    ServiceNow or other help desk ticketing systems o    Agile methodologies o    Patch management   Remarks: Applicants must exhibit strong interpersonal skills and be able to work well with both end-users and co-workers.  The ability to provide responsive, knowledgeable, and courteous support is paramount.   Applicants must be willing to work on-site in our Washington, DC offices a minimum of two days per week. 
Federal Reserve Board Washington, DC
Mar 22, 2023
Intern
The Data Management Center of Excellence (DM COE) program in the Technology Services branch of the Division of Management (MGT) is looking for an intern for 12 months to start immediately. The intern should have a demonstrated interest in working in the data management or technology project management field. The intern will support the team in their agile journey ensuring that user stories are properly documented so the definition of ready has been met and in the review and validation of sprint deliverables. The intern will develop an understanding of the division’s core functions and enhance their business skills by working under the supervision of the product owner to document and track milestones for data governance initiatives. They will also be responsible for creating regular status reports to present to executive audience at stakeholder meetings. Depending on interests, qualifications, and time, the intern may take part in additional assignments and stretch opportunities like assisting in the development of data management policies and processes. Technology Services (TS) Branch - The TS branch is responsible for Federal Reserve Board enterprise systems used for human capital management, financial management, facility technology, law enforcement and security systems in addition to the fingerprint system used at the Federal Reserve Banks. With a focus on technology governance, compliance, and customer service, TS strives to effectively use technology to meet the business needs of our partners and clients. The DM COE, Data Governance program was created to help manage the decision rights and accountability for data management and to encourage desirable behavior in the valuation, creation, storage, use, and disposition of information through its full lifecycle. It includes the processes, roles, standards, and metrics that ensure the effective and efficient use of data to enable the organization to achieve its business goals and increase the value of our data. Qualifications - External Suggested Major/Minor: Pursuing a degree with an accredited university in Library and Information Science, Project Management, Business Administration, or a related field. Required Skills and Knowledge: Candidate should possess excellent planning and organizational skills and demonstrate superior attention to detail. Proficient in Microsoft (MS) Office including but not limited to MS Word, MS Excel, MS Visio, and MS PowerPoint. Ability to work independently and with a team to complete milestones and work towards deadlines. Able to compile and organize information retrieved and prepare detailed reports to management. Strong analytical skills to research and properly evaluate information to determine limitations, risks, usability, and reliability. US Citizenship is required for all Board internships. Applicants must be current students graduating from their program Spring 2024 or later. Preferred Skills: Experience with the Enterprise Data Management (EDM) Council’s Data Management Capabilities Assessment Model (DCAM) and Cloud Data Capabilities Management Model (CDMC) preferred but not required Expected Hours: Minimum of 20 hours/week during school year, 40 hours/week during summer. Location: This internship must be completed in a hybrid capacity, with a set cadence of days onsite in our offices in Washington, DC. Required Documents for application: Please submit resume and writing sample with application. An unofficial transcript may be requested.
Federal Reserve Board Washington, DC
Feb 10, 2023
Full time
I.    JOB SPECIFIC DUTIES AND RESPONSIBILITIES: 1)    Reporting to the associate director, technology strategy and delivery, assistant director oversees the activities of the Information and Technology Management section comprised of approximately nine professionals.  Provides leadership and support to section chief in managing section resources to address the ongoing needs of the division and to assure high-quality resolutions of section responsibilities and critical work demands. 2)    Works closely with the associate director to set the vision and goals for a customer experience strategy within the division aligned to the division and Board’s broader priorities. Establishes practices and processes to embed and promote a user- focused culture throughout all aspects of the division to increase its efficiency and effectiveness. 3)    Provide leadership and strategic direction to the division’s work and work environment by fostering innovation, design thinking and usability; focuses on the customer experience in the delivery of products and services; and emphasizes continuous improvement within the division’s core programs and processes through ongoing feedback and engagement. 4)    Provide leadership to design, development, process improvement, project management, information management, collaboration and communication including keeping an experience-based alignment around the research, analysis, and policy work performed by the division. Uses a customer-centric, design thinking approach to reimagine and tailor products and services to better meet the needs of the people who use them. 5)    Fosters engagement, information sharing, and collaboration among staff and others across the division. Actively engages with the line officers in the division and of relevant sections in other divisions at the Board to promote and build adoption for user experience practices. Maintains strong working relationships with these groups. Oversees joint projects as requested. 6)    Support, build, and scale products and services that enhance the experience of MA staff and our customers. Identify bottlenecks to prioritize resources and strategy that align with the emerging and ongoing needs of the division. Leverage UX and process improvement best practices to increase and enhance the division processes, programs, and technology solutions. 7)    Work with Board partners to identify and maximize opportunities for technology efficacy, efficiency, and innovation including development of a sustainable operating model for delivery of efficient services and products to the division. Drive continuous improvement in employee experience and engagement based on data and real-time feedback from staff. 8)    Work with sections across the division to ensure continuous innovation and adoption of the latest tools and capabilities to meet MA’s needs with a focus on the customer experience. Integrate and uphold a high standard for user experiences across all stakeholder interactions, products and services within MA and the Board. 9)    Build strong working relationships with colleagues across the division and in partner divisions at the Board.  Represent the division, the Board, or the System, on committees or in meetings with other divisions, the Reserve Banks, other agencies, professional conferences, or other outside groups. II.    DIVISION SPECIFIC REQUIREMENTS: As an officer in the MA division, the individual would promote the division’s model of leadership—within the division and across the Board—focused on maximizing the contribution, development, and accountability of all staff in the division.  Additionally, as an officer, the individual would facilitate the strongest contributions of others by distributing authority, responsibility, and decision-making widely, providing feedback, encouraging initiative and creativity, giving others broad discretion for how to best carry out their jobs, and then holding them accountable for performing at a high level. Much of the work of MA is conducted by teams of staff. As a result, it is critical for officers in MA to promote close and effective working relationships among staff working together as a team. As part of this, officers must act in a way that builds trust and puts the needs and goals of the Board and the Division first.  In particular, it is essential for officers to foster a work environment that allows staff in their lines and across the Division to reach their full potential.  Some key examples of the types of behaviors that officers in MA should demonstrate in this area include:     •    Creating a work environment in which it is safe to speak and everyone’s voice is heard, and in which every employee is being valued, without bias, preference, or prejudice. •    Demonstrating collegial, cooperative, and collaborative behaviors.  It is essential to be able to have intellectual disagreements with others and still work together respectfully and harmoniously. •    Being present in the lives of staff, remaining connected to the staff’s work, and sharing the divisions’ broader agenda with the staff. •    Ensuring that the staff’s work is aligned with our principals’ priorities and the division’s strategic objectives.  Explaining to staff how their work fits into the bigger picture. •    Practicing behaviors and fostering an atmosphere consistent with the high ethical standards of the Board. •    Acknowledging and addressing conflicts or difficult personnel situations forthrightly and promptly. Employment is also contingent upon meeting the Board’s requirements for accessing information relevant to the job and the completion and satisfactory adjudication of relevant background investigations. This position requires location in Washington, DC and offers flexibility for telework. III.    KNOWLEDGE/SKILL/EDUCATION REQUIREMENTS:   1)    Advanced degree in a related field or equivalent experience. 2)    8 years of direct experience in technology-related fields generally required after receiving advanced degree.   3)    Minimum of 5 years of people management experience. 4)    Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills. 5)    Demonstrated experience and commitment to fostering collaboration and employee engagement. 6)    Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations. 7)    Ability to balance competing interests among a variety of clients and readily readjust priorities to respond to pressing and changing client demands.  Must be able to anticipate and meet the clients’ needs while maintaining high-quality end products.   8)    Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics. 9)    Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management. IV.    OFFICER SPECIFIC POSITION RESPONSIBILITIES:   1)    Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies. 2)    Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies. 3)    Fosters a continuous learning culture. 4)    Exercises appropriate judgment and decision-making in complex situations. 5)    Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies. 6)    Demonstrates strong leadership and management skills aligned to the Board’s espoused values. 7)    Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs. 8)    Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills. V.    BOARD COMPETENCIES: 1)    Decision Quality:  Makes timely, thoughtful, strategic decisions 2)    Learning Agility:  Takes responsibility for building organizational agility 3)    Drive for Excellence:  Delivers results by developing shared vision and direction for the organization 4)    Perspective and Strategic Agility:  Leads and acts with the future in mind 5)    Collaborative Relationships:  Sets the tone for collaborative organization 6)    Effective Communication:  Effectively speaks and acts on behalf of the Board VI.    PERSONAL RELATIONSHIPS: 1)    Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model. 2)    Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility. 3)    Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility. 4)    Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities. VII.    INTERNAL MANAGEMENT RESPONSIBILITIES: 1)    Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff. 2)    Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management. 3)    Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility. 4)    Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility. VIII.    POSITION DEMANDS: 1)    Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.   2)    Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service. 3)    Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters. 4)    Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings. 5)    Ability to operate under pressure to meet deadlines accurately and in a timely manner.
Federal Reserve Board Washington, DC
Jan 31, 2023
Full time
Quantitative Analysts work under regular supervision to perform quantitative analysis including statistical modeling and data analysis in support of the Board's mission, Division goals, and Section objectives. Quantitative Analysts perform assigned project tasks while developing increased domain expertise and may lead well-defined tasks within a project. Quantitative Analysts share information and ideas regarding projects and work for their Project Team, Section, Division. Quantitative Analysts prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required. Principal Duties and Responsibilities Quantitative Analysts perform the following responsibilities under regular supervision: 1. Perform quantitative analysis including statistical modeling and data analysis in support of FRB mission, Division goals, and Section objectives. 2. Assist senior staff by providing support, information or analysis. 3. Prepare and deliver clear, accurate and concise communication orally and in writing. 4. Share information and ideas regarding projects and work for Section/Project Teams/Division or external stakeholders. 5. Perform assigned project tasks and lead well-defined tasks within a project. 6. Develop areas of expertise and technical skills. 7. Statistical Modeling:       •  Exhibit a strong understanding of statistical modeling techniques       •  Carry out a variety of aspects of the model life cycle including design, implementation, testing, production, validation, and assessment of models       •  Analyze and interpret results from models or a system of models       •  Document model features, assumptions, operational processes, and results 8. Data Analysis:       •  Implement efforts related to data analytics       •  Perform data extraction, cleaning, and organization       •  Produce charts, graphs, and other visualization techniques to analyze data       •  Identify relevant issues, trends, relationships between key variables, and draw conclusions 9. Quantitative Implementation:       •  Implement processes for scaling and automating modeling and production frameworks       •  Manage, construct, and query data sets       •  Follow systems and guidelines for ensuring reproducibility of model results and analysis 10. Financial Analysis:       •  Exhibit domain-specific knowledge to inform data-driven policy decisions       •  Conduct research related to the financial sector, institutions, and regulation       •  Respond to requests from senior management related to data, model results, operational processes, policy, and emerging risks in financial   institutions and markets 11. Knowledge sharing and training of others:       •  Present work at forums within and across Divisions to share knowledge with others Bachelor's degree in quantitative subject such as computer science, statistics, mathematics, physics, engineering, or degree in another subject such as finance, economics or relevant quantitative background. Minimum of 2 years of related experience or a master’s degree in a related field and 1 year of relevant experience (FR-24) or minimum of 3 years of related experience or a master’s degree in a related field and 2 years of related experience. (FR-25). Proficiency in computational/statistical programming. Experience working with large and complex data sets, including the ability to query databases. Remarks: This Quantitative Analyst role in the Stress Testing Production & Analysis section in Supervision and Regulation will support the quantitative stress tests of bank portfolios related to the Federal Reserve’s responsibilities under the Dodd-Frank Act and ongoing bank supervision. The analyst will be assigned to perform the following duties: •    Implement, modify, test, and document models and systems used in the stress test; •    Execute stress test models and conduct analysis of model outputs to better inform ongoing bank supervision; and/or •    Assess and analyze regulatory collections and other data used in the stress test. The ideal candidate has strong analytical and communication skills; a high level of intellectual curiosity; a demonstrated potential to conduct analysis of banks using large datasets; a solid conceptual understanding of statistical and econometric concepts; and knowledge of or interest in bank regulatory capital. The position will require flexibility to work extended hours to meet deadlines, especially during the stress test production quarter (currently April - June).   Specifically, the ideal candidate will meet several of the following: •    Demonstrated experience in data management or statistical modeling, with knowledge of statistical and econometric modeling techniques and approaches •    Experience with database management tools (such as Microsoft SQL Server) •    Proficiency in one or more statistical programming languages (especially R and/or SAS) is required, and the ideal candidate will have experience using scripting languages (such as Python), Linux, and a version control system (such as Git) •    Ability to write and communicate clearly, deliver effective presentations, and conduct research •    Strong interpersonal skills, including the ability to work in a group setting in a matrix environment while accomplishing multiple goals within established and changing deadlines •    Familiarity with bank regulatory capital measures and US GAAP accounting standards •    Familiarity with modern revenue and/or risk modeling practices and industry standards •    Experience with software development best practices such as software development life cycle (SDLC) is preferred This position will require an on-site presence in Washington, DC. Travel: less than 25% A writing sample and assessment and data analysis exercise will be part of the application process.
Federal Reserve Board Washington, District of Columbia
Jan 31, 2023
Full time
DESCRIPTION/RESPONSIBILITIES: Note: This requisition is not an actual job vacancy, but serves to establish a pipeline of interested individuals for Financial Institution & Policy Analyst (FIPA) openings in the Division of Reserve Bank Operations and Payment Systems (RBOPS). Candidates may be contacted at any time through Q3 2022 with more details about specific team vacancies. Financial Institution and Policy Analysts (FIPAs) may play many roles related to their jobs. They are responsible for a combination of the following roles/areas of responsibility: Data Analysis • Supports in producing charts, graphs, and other visuals to help analyze data • Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data • Helps identify data that can be used to analyze policy Examination and Supervision • Participate in and/or lead examinations and reviews • Support and implement supervision and/or oversight policies and programs Policy • Helps to interpret and/or implement policy, regulation, and/or guidance • Participate in drafting policy recommendations supported by logical reasoning and sound analysis Policy • Helps to interpret and/or implement policy, regulation, and/or guidance • Participate in drafting policy recommendations supported by logical reasoning and sound analysis Risk Management • Helps to identify and analyze emerging risks in financial institutions and markets • Apply appropriate risk management frameworks and policies to support oversight of financial institutions Data Analysis • Supports in producing charts, graphs, and other visuals to help analyze data • Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data • Helps identify data that can be used to analyze policy Financial Analysis • Supports in performing analysis of financial data and information in support of Division/Section's area of responsibility • Clearly present analyses of financial/regulatory data • Helps identify relevant issues and trends and draw conclusions through analysis of financial data Financial Analysis • Supports in performing analysis of financial data and information in support of Division/Section's area of responsibility • Clearly present analyses of financial/regulatory data • Helps identify relevant issues and trends and draw conclusions through analysis of financial data FIPAs identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and complex projects involving Federal Reserve Banks’ policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks’ management. REQUIRED SKILLS: • Degree in finance, accounting, business administration, public policy, economics, or another related field and minimum years of related experience, as outlined by grade below, is required. • FR-24: Bachelor's + 2 years, or a master’s + 1 year. • FR-25: Bachelor's + 3 years, or a master's + 2 years. Must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance • Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data • Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data • Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks • Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions. • Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa. • Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility. • Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations. Prior experience in one of the following areas is a plus: Financial Market Infrastructure or bank supervision, policy or analysis; capital markets or trading; financial risk management including stress testing, value-at-risk modeling, derivative pricing, counterparty credit risk management; or operational risk management. Note 1. Writing sample may be requested. 2. Roles are not eligible for full-time remote work and will require on-site presence in Washington, D.C. via a hybrid schedule.
Federal Reserve Board Washington, DC
Jan 26, 2023
Full time
As Sr. EEO Compliance Specialist, the incumbent provides guidance, consultative services, and technical oversight of complex facets of the EEO Compliance program to include complaints management, affirmative employment, reasonable accommodation, and EEO compliance training with independence and limited guidance from ODEI leadership. Requires knowledge of employment and human resources practices, counseling, analytical and technical skills typically acquired through bachelor’s degree or equivalent experience and a minimum of 5 years work experience in EEO, affirmative action, or civil rights policy and compliance and a minimum of 3 years demonstrated work experience in EEO, affirmative action, or civil rights, including development and implementation of EEO program objectives, affirmative employment initiatives, and the analysis, investigation or resolution of complaints. Duties to include, but are not limited to the following:     1. Advises, on a continuing basis, the Manager and Board management at all levels concerning employment policies, and practices relating to achieving objectives of the EEO and affirmative employment programs.     2. Conducts model agency program barrier analysis assessments and perform annual MD-715 self-assessment study, including data collection and diversity-related analytics to implement data-driven organization changes pursuant to the analysis. Accurately identifies specific barriers and effective solutions to eliminate barriers to enhance the employment opportunities of minorities, women and individuals with disabilities.     3. Co-develops multi-year EEO compliance reports to include but not limited to the Management Directive 715 Report, the Affirmative Action Plan for Persons with Disabilities, Annual No FEAR Report to Congress, the Annual Federal Equal Employment Opportunity Statistical Report of Discrimination Complaints (Form 462), and NO FEAR Act quarterly reports.     4. Provides advisory and consulting services to managers at all levels concerning equal employment opportunity and directly participates with key Board managers in setting EEO objectives.     5. Monitors the EEO activity within divisional components to identify issues that impact nondiscrimination policies and practices and make recommendations for corrective actions.     6. Functions as an EEO counselor. Resolve employee concerns and complaints through fact-finding and negotiation.     7. Administers the processing and disposition of formal complaints though the complaint lifecycle and in compliance with federal and Board regulatory requirements. Activities include but not limited to identifying and analyzing discrimination claims; preparing acceptance/dismissal decisions, framing legal claims; reviewing and analyzing Reports of Investigation to ensure accuracy and legal sufficiency requirements; researching case law, statutory law, regulations, and regulatory guidance to make final determinations and/or conclusions; and addressing management problems identified in the investigation by presenting recommendations for corrective action.     8. Monitors the activity at all stages of the complaints process and makes recommendations to the Manger regarding changes in program policies, practices or procedures that will improve the overall efficiency of the EEO complaint process.     9. Designs, develops and facilitates internal training, workshops, and briefings, including the development of training materials, brochures, and other technical assistance materials to advance understanding and awareness of EEO and employment equity issues, topics, and concepts. This role is in Washington DC and requires on-site presence through a hybrid schedule. The Office of Diversity, Equity, and Inclusion requires employees to be physically present in the office a minimum of 2 days per week.  This includes a core day on Wednesday. On occasion, Office of Diversity, Equity, and Inclusion employees may be expected to be physically present in the office more than 2 days per week, as required by business needs, but can work remotely the remaining days.
Federal Reserve Board Washington, DC 20001
Oct 20, 2022
Full time
DESCRIPTION/RESPONSIBILITIES: The Capital Markets section within the Division of Research and Statistics is looking for an entry-to-mid level Financial Markets Analyst professional in a three-year term position to support and contribute to the monitoring and analysis of U.S. capital markets and the credit quality of the corporate sector and state and local governments.  In collaboration with other section members, the Financial Markets Analyst will contribute to monitoring trends and conditions within domestic financial markets, assessing relevant data sources, and developing projects that deploy those data sources and indicators to analyze these markets.  The Financial Markets Analyst will work as part of a team of 10 Economists, 2 Technology Analysts, and 5 Research Assistants.   The primary responsibility of the Financial Markets Analyst is to support the economic analysis of financial markets.  This work includes monitoring and communicating developments in domestic equity, corporate bond, and/or municipal bond markets and contributing to key policy reports; identifying and assessing the value of new or alternative data sources and outside analysis for monitoring these markets; using data management and coding skills to develop timely indicators of market functioning and credit quality; and acting as support for the various data services provided by the section when necessary.  In all tasks, the Analyst will be working closely with other section members to properly analyze the data for policy documents and for research on financial markets that informs the conduct of monetary policy and the assessment of financial stability risks and vulnerabilities.  In some projects, the Analyst may be expected to contribute to designing, drafting, and presenting some of the analysis or coordinating the work of different job families.      Because coverage of financial markets is at the core of the mission for the section, the Analyst will work with various financial databases, economic concepts, and data-driven indicators to monitor, assess, and interpret developments in domestic capital markets.  As such, subject matter experience or training in financial markets, corporate finance, or asset pricing is particularly useful.  Because data is at the core of the analytical approach of the section, the Analyst will work with various computing and statistical languages and tools to achieve these goals.  This includes use of R and Matlab, among others, for analysis and management of data.  Because we are a highly collaborative group, team spirit and good communication skills are highly valued as well as the ability to conduct independent work.     REQUIRED SKILLS:      * A Bachelor's degree in Economics, Finance, Statistics, Applied Mathematics, or related field is required, with a minimum of 2 years of related experience or a master’s degree with 1 year of experience.      * Experience or training in concepts related to domestic financial markets, the pricing of financial assets, and an interest in monitoring, understanding, and communicating developments in domestic capital markets.      * Experience or interest in working as part of a team in conducting economic and financial analysis that requires the use and visualization of data is essential.  Experience in leading such projects is a plus.      * Strong knowledge of programming, and strong proficiency in at least one of the following is preferred:  R, SAS, or Matlab.  Experience in creating and managing large databases is a plus.
Federal Reserve Board Washington, DC 20001
Oct 19, 2022
Full time
DESCRIPTION/RESPONSIBILITIES: The Office of the Chief Data Officer is seeking a Business Analyst professional to support a growing team who is helping our nation’s Central Bank achieve its missions and strategic goals.  Data are truly the lifeblood of our organization, driving all key decisions and policies. The Business Analyst works on the coordination of activities to leverage, optimize, and maximize the return on investment of data assets to support the achievement of the Board's mission and strategy. The Business analyst provides strategic data analysis, data modeling, information flow analysis, meta-data and taxonomy direction in support of Board mission.       REQUIRED SKILLS: As a Metadata Specialist, you will support metadata management operations and administration of the Board’s comprehensive data inventory.  Your experience in all phases of the data lifecycle and team-oriented collaboration will drive the transformation of our data management program. A customer focused mindset is critical in facilitating this transformation and in supporting our data users’ business needs.   Strong knowledge of data and metadata management principles, business analysis and process engineering acquired through completion of a bachelor’s degree in business, economics, finance, information science, or related field and a minimum of 4 years of related experience or a master’s degree in a related field and 3 years of related experience.  Must possess clear, concise, and effective verbal and written communication, including the ability to effectively communicate with technical personnel, business customers, and management, and proven ability to think conceptually and abstractly. Crisp business execution and project management rigor are required along with a demonstrated commitment to a strong customer service philosophy. The FR 27 is a senior position and requires a bachelor’s degree in business, economics, finance, information science, or related field and a minimum of 5 years of related experience or a master’s degree in a related field and 4 years of related profession experience.   Preferred Skills Include: Certification as a Certified Data Management Professional, Six Sigma, or Project Management Professional. Strong knowledge of organizational change, policy development and strategic planning Knowledge and experience in semantic modeling and with knowledge graphs and graph databases   This position is hybrid, requiring a combination of telework and an in-office presence in Washington, DC.
Federal Reserve Board Washington, District of Columbia
Oct 04, 2022
Intern
DESCRIPTION/RESPONSIBILITIES: The Intern will support the DCCA’s Risk and Surveillance Team (RS), in the Division’s mission to promote a fair and transparent financial services marketplace and strengthen communities for all consumers. The RS Team’s work is central to the division’s assessment of consumer financial risk and is used to inform division leaders of conditions, developing trends, and issues in the financial services sector affecting consumers. REQUIRED SKILLS: Requires knowledge of quantitative and data analysis techniques normally acquired through participation in or completion of a bachelor’s degree in economics, policy analysis, statistics, computer science or other relevant fields from an accredited college or university. Must have experience with database systems (SQL) and statistical analysis computer programs, preferably R or SAS. Ideally the candidate will have experience with Tableau or another interactive visualization tool such as R Shiny. Must have strong oral and written communications skills. Under the supervision of the section Manager or a Senior Data Scientist, the Intern will build data pipelines using internal and external data sources and update visualizations for dashboards supporting the analysis of consumer financial markets (e.g., auto sector). The intern may also support the collection, analysis, and reporting on risk and trends in consumer financial products and services, and carry out other related tasks as assigned. The intern will be expected to follow data quality best practices and to document and present their work. Applicants should provide a cover letter, resume, an unofficial transcript from current institution(s) reflecting relevant coursework, and, optionally, contact information for one to two references. Please note: • US Citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2023 or later • This internship may be completed remotely, or in a hybrid capacity • The intern position is expected to last six months • Application deadline: November 4, 2022
Federal Reserve Board Washington, DC 20001
Sep 21, 2022
Full time
DESCRIPTION/RESPONSIBILITIES: Office of the Secretary (OSEC) is the corporate secretary’s function for the Board of Governors of the Federal Reserve System (Board) and provides essential services to senior level executives and key stakeholders/users at the Board, at Federal Reserve Banks, at partner federal agencies, and the public.  The OSEC division is currently modernizing all systems to meet the evolving business and compliance requirements of the Board.    OSEC is seeking a Senior Information Systems Analyst (ISA) for a 5-year term position to provide analytical, information security and compliance, and customer support for our diverse portfolio of applications.  The Senior ISA will report to management on the overall status and support for OSEC’s systems, assist OSEC’s operational sections and key stakeholders/users on the technical aspects of using OSEC’s internally developed applications, perform testing of enhancements and new releases, and manage business relationships with business partners and key stakeholders/users.    Key responsibilities:  Provides first level and intermediate technical and production support for OSEC’s systems, including troubleshooting moderately complex technical problems and questions from key stakeholders and applications users.  The analyst has a strong understanding of the functionality for all OSEC portfolio applications and can identify the areas for which the technical problems arise.  Using their in-depth knowledge of these systems, the analyst is expected to understand not only when an issue requires higher-level development support but to provide developers with a detailed description of an issue and business perspectives for proper resolution.  Plans, coordinates, and conducts software and system testing in conjunction with the applications development, and OSEC operational areas. The senior analyst develops and maintains key test scripts to validate changes, enhancements, and business continuity requirements for OSEC’s applications.  Helps OSEC’s operational sections to develop and maintain both end-user and internal operations documentation for all applications. The analyst continuously reviews and recommends updates to documentation to the operational section staff to reflect the current state of the applications and key stakeholder/end-user needs.  Provides analytical support and guidance to OSEC’s technology and project management teams to support long-term planning and decision-making. This support requires the analyst to keep detailed records of application support issues, shortcomings, and performance issues for senior level management to review and analyze.  The analyst is expected to propose and implement plans designed to proactively avoid future problems.  Responds to requests for information concerning all supported systems through ad-hoc reports.  Participates in continuity of operations and devolution planning and related annual testing exercises.  Provides on-call and after-hours support, including on weekends as needed, for OSEC’s applications.     REQUIRED SKILLS: Requires advanced knowledge of several distributed software and hardware systems, including one or more network operating systems and several programming languages; analysis and system design experience, or network design and configuration. Understands the interrelationships among systems, and important business processes and functions within the division. Experienced in problem diagnosis and resolution. Able to communicate complex technical concepts in nontechnical language to division colleagues, Board and Federal Reserve Bank partners, and Board senior management and executives. Demonstrates expertise with scripting using VB Script, Java Script, SQL, PowerShell and/or HTML. Possesses strong oral and written communications and interpersonal skills. Has an area of expertise in computing, systems programming, automation, or database management. Typically requires a Bachelor's Degree or equivalent experience and a minimum of five years related work experience.   REMARKS:   This is a 5 year limited term hybrid role based in Washington DC with a minimum on-site cadence of 12x per month and/or as business needs require.    Demonstrated expert understanding and experience with contemporary applications development standards and processes, especially in environments that develop applications with .Net, C#, ASP.Net, SharePoint 2019/SharePoint Online, Microsoft Cloud based solutions, and optimal graphical user interface (GUI) designs.  Strong analytical skills with the ability to translate complex concepts into clear, understandable ideas.  Strong organizational and problem-solving skills with an attention to detail.  Demonstrated experience with applications development of large-scale systems in an agile environment.  Strong knowledge and experience with devising business requirements that provide for the best user experience.  Ability to handle multiple projects and assignments simultaneously.  Excellent leadership skills to mentor junior colleagues and lead special assignments.  Strong written and verbal communication skills for conveying complex information appropriately tailored to various audiences (e.g., senior stakeholders and management, operations staff, and technical analysts and developers).  Familiarity with the Federal and Board information security and compliance requirements.  Has at least five years of experience with providing all levels of customer service and technical support in large and diverse business organizations.      * Writing assesment may be requested during interview process.
Federal Reserve Board Washington, District of Columbia
Sep 16, 2022
Full time
DESCRIPTION/RESPONSIBILITIES: Senior Financial Institution and Policy Analysts work under regular guidance to design and conduct in-depth analyses on quantitative and qualitative data. Serve as the primary contributor and may lead projects and teams and often represent the Section or Division on projects and task forces. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. The Policy Development team in the Division of Supervision & Regulation is responsible for developing and implementing policies relating to financial institution supervision and regulation, consistent with statutory requirements and Board priorities and in collaboration with key internal and external stakeholders. Examples of the team’s work include rulemakings, guidance, rule interpretations, and briefing materials for governors and other senior officials involving matters such as capital, liquidity, resolution, and other areas of the bank regulatory framework. In this role, the incumbent should expect to: • Conduct qualitative and quantitative analysis in support of policy development • Interpret regulations and guidance relating to banking organizations of various sizes • Draft or contribute to written policy materials and communications materials on regulatory and supervisory policy matters • Engage, coordinate, and collaborate with stakeholders within the Federal Reserve, with other U.S. financial regulatory agencies, and with international counterparts REQUIRED SKILLS: FR-26: • Bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 4 years of related experience OR • Master’s degree in a related field and a minimum of 3 years of related experience FR- 26: • Bachelor's Degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience OR • Master's degree in a related field and a minimum of 4 years of related experience Senior Financial Institution and Policy Analysts must be able to immediately contribute to the success of work requiring the following competencies and be able to serve as an advisor to provide insight in their application: • Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data • Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data • Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks • Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa • Knowledge of Relevant Policy: The ability to interpret, apply and recommend changes as needed to policies specific to areas of responsibility • Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations The ideal candidate will have a proven record of: • Ability to conduct analysis and writing in support of policy development and to understand and interpret regulations and guidance for banking organizations of various sizes • Strong critical thinking, problem-solving, and analytical skills. • Strong written and oral communication skills. • Ability to learn, digest, and engage in new topics. Candidate feels comfortable working in unfamiliar territory and delving into new topics, issues, and challenges. • Intellectual curiosity and interest in financial institution regulatory and policy issues. • Flexibility to manage competing priorities efficiently and to complete tasks under tight deadlines. • Ability to distill complex information and identify appropriate options or solutions for decision makers. • Ability to incorporate feedback effectively and efficiently. • Strong attention to detail, thoroughness, organization, timeliness, sound judgment, resourcefulness, and creativity. Additional qualifications for grade FR-27 only: • Ability to manage and successfully complete multiple and/or complex projects simultaneously, keeping management and senior leadership apprised of developments and areas of disagreement. • Ability to provide day-to-day guidance to junior staff and facilitate their learning and development. • Exhibit leadership, make appropriate decisions, and can work across stakeholders to accomplish key project objectives or outcomes. Experience or knowledge in finance, capital markets, or banking is desirable. Advanced degree in business, law, public policy, or related fields is desirable. Notes: • Travel required: 5-10%. • The interview process may include a writing exercise. • This position will require an on-site presence in Washington, DC.
Federal Reserve Board Washington, District of Columbia
Sep 16, 2022
Full time
DESCRIPTION/RESPONSIBILITIES: Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Financial Institution and Policy Analysts perform the following responsibilities under regular supervision: • Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives • Assist senior staff by providing support, information or analysis • Prepare and deliver clear, accurate and concise communication orally and in writing • Share information and ideas regarding projects and work for Section/Project Teams/Division or external stakeholders • Perform assigned project tasks and lead well-defined tasks within a project • Support Section or Division in areas of expertise • Begin to develop areas of expertise The LISCC supervision program is the Federal Reserve’s supervisory program for the nation’s largest and most systemic financial institutions. Its primary objective is to maintain safe and competitive U.S. and global banking systems. LISCC comprises of national programs staffed by individuals from multiple Reserve Banks and the Board, including Capital, Liquidity, Monitoring and Analysis Program (MAP), Governance and Controls (G&C), and Recovery and Resolution Program (RRP). Description of LISCC Capital section: The LISCC Capital Section has an available position focusing on Capital-related examinations and support for policy and informational Board engagement with capital-related matters for large and complex firms. The capital program supports all facets of the national Capital Program. The program plans, facilitates, and directs the successful execution of the Capital Program's supervisory agenda through active forward planning and by providing a centralized logistics function. The LISCC Capital Section also develops and maintains a continuous understanding of supervisory issues pertinent to capital at large and complex firms to facilitate Board decisions and provide timely and effective information products to senior management and the broader Capital Program. Principal Duties and Responsibilities: • Collaborate closely with other stakeholders to identify and develop supervisory and policy responses to risks that may arise. Examples of other stakeholders include dedicated supervisory teams (DST), horizontal evaluation teams (HET) and Board policy and legal. • Develop presentations and recommended messages for the Capital Steering Committee, as well as present any key divergent views to the senior stakeholders for final review and approval. • Coordinate and collaborate with LISCC program counterparts, including the Resolution and Recovery Program (RRP), the Liquidity Program, the Monitoring and Analysis Program (MAP) and the Governance and Controls Program (G&C), by participating in firm specific and horizontal examinations across various teams. • Serve as a subject matter expert on Capital topics. REQUIRED SKILLS: FR-24: • Bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 2 years of related experience OR • Master’s degree in a related field and a minimum of 1 year of related experience FR- 25: • Bachelor's Degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience OR • Master's degree in a related field and a minimum of 2 years of related experience. Must be able to perform basic or developmental level work in activities involving these competencies after receiving specific instructions and guidance: • Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data • Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data • Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks • Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions • Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa. • Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility • Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations • Knowledge of Various Financial Topics: basic knowledge of capital, liquidity, derivatives, and trading activities and/or in operational issues related to collateral management, payments clearing and settlement (PCS), and management information systems (MIS). The successful candidate will have a proven record of: • Strong analytical skills • Strong written and verbal communication skills • Strong oral presentation skills • Strong teamwork and collaboration skills • Ability to communicate highly complex issues and supervisory concerns to a broad audience • Some experience or interest in learning how to analyze, interpret and present data. • Intellectual curiosity and mastery of complex topics Note : The interview process will include a writing exercise. This position will require an on-site presence in Washington, DC- relocation assistance is available.
Federal Reserve Board Washington. District of Columbia
Sep 14, 2022
Intern
DESCRIPTION/RESPONSIBILITIES: The economic research internship program offers a number of summer research opportunities across each of our four economics divisions. • Financial Stability (FS) • International Finance (IF) • Monetary Affairs (MA) • Research & Statistics (R&S) This program provides students with the opportunity to gain valuable research experience, network with peers in the field, and to work side-by-side with our economists and analysts in support of the Board’s important research and policy work. The program is designed to help students develop quantitative analysis, critical thinking, and writing skills through your summer experience. Summer projects cover a broad range of topics including, but not limited to: • Gathering /analyzing large data sets • Programming economic models • Historical analysis • Economic Forecasting • Analyzing current policy issues These internships are ideal for students looking to build their research acumen, who have an interest in graduate school, or who are considering the Board’s Research Assistant (RA) program after graduation. Economic interns are given priority consideration for 2024 RA openings, given positive summer performance and aligned graduation timeframes. Note: • This posting is for multiple (20-25) economic research internships across the four divisions listed above. All internships will be 10-12 weeks. • This internship may be completed remotely, or in a hybrid capacity on-site in Washington, D.C., at the discretion of the selected candidate & in collaboration with the hiring team. • Learn more about the Board’s economists and their research at https://www.federalreserve.gov/econres.htm • Learn more about our internship program at https://www.federalreserve.gov/careers-internships.htm • Applications are accepted through October 30 and will be reviewed after the posting close date. Most interviews & offers will occur in November and early December. REQUIRED SKILLS: • Majors/Academic Programs: Pursuing a degree in economics, finance, or related field (e.g. statistics, computer science, mathematics, business). • Skills/Knowledge : Previous research and statistical programming experience is a plus, but not required. • U.S. citizenship required • Current undergraduate or graduate student, graduating Fall 2023 or later Application Instructions/Required Documents No later than 10/30/2022, complete the following: 1. Upload resume, cover letter, and unofficial transcript to your profile before submitting your application. 2. Provide one (1) letter of recommendation - can be academic or professional  1. Attach to your applicant profile if you have a copy.  2. If your recommender would like their letter to remain confidential, they can send it to frbrecruiting@frb.gov and we will attach to your profile