Regulatory Reporting Analyst

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT, Legal
Richmond, VA, USA
Posted on Saturday, August 5, 2023


Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Statistics Credit and Reserves unit has an immediate opening within their Structure team for a Regulatory Reporting Analyst with a focus on organizational structure, reporting to the Financial and Regulatory Reporting Senior Manager.

In this role, the analyst will ensure the quality, accuracy, and timeliness of Fifth District financial institution organizational structure data to the Board of Governors by running queries, analyzing data, applying appropriate rules and regulations, gathering business intelligence, and providing guidance to financial institutions on reporting requirements.

The analyst will use standard methodology and automated tools to analyze and process financial institution data stored in the National Information Center (NIC) RSSD database and will research, collect and distribute information related to pending and final banking organizational structure changes. Strong communication and interpersonal skills are required to support a team-oriented environment.

What You Will Do:

  • Work independently with minimal guidance and collaborate as a team member.
  • Take ownership of assignments to proactively monitor and follow-up on issues by agreed upon dates.
  • Analyze data and regulatory reports to perform quality assurance using standard and proprietary applications and software; identify and resolve potential reporting and operational issues in collaboration with internal/external stakeholder.
  • Work with financial institutions to investigate reported anomalies and prepare written explanation of findings.
  • Demonstrate intellectual curiosity and explore new and innovative approaches to advanced analysis.
  • Inform internal stakeholders about structure changes related to Fifth District Financial Institutions.
  • Stay abreast of current events in the banking and financial industry that could affect the institutions and their reporting.
  • May participate in cross-functional linked teams to address financial, regulatory or System issues.


  • 1–5 years of experience related to regulatory analysis
  • Proficiency in Microsoft Word, Access, Excel and PowerPoint (required); basic query writing and data retrieval skills in applications such as SQL, Tableau, Power BI (preferred)
  • Strong organizational and time management skills with proven ability to consistently meet deadlines.
  • Ability to self-manage and prioritize tasks.
  • Demonstrated problem solving and attention to detail abilities.
  • Relevant Bachelor`s degree or equivalent combination of education and experience required.
  • Experience in the banking or financial industry desirable.

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
  • Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
  • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
  • In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
  • Under Conflict of Interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
  • Please review Bank’s Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (relevant sections are 5.3 and Appendix B, Parts I, II and III). FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations, or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
    • Their borrowing relationships (Appendix B Parts I.1, II.1 and II.2)
    • If a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3)
    • If the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
    • In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee’s job responsibilities.
  • The hiring range of the Analyst – Fin Reg Rpt - Assoc is $52,200 - $65,800 annually (1+ years of experience)
  • The hiring range of the Analyst – Fin Reg Rpt - Int is $65,800 – $82,200 annually (3+ years of experience)
  • Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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