Financial and Regulatory Reporting Analyst

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT, Accounting & Finance, 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 for a Financial and Regulatory Reporting Analyst, reporting to the Financial and Regulatory Reporting Manager.

In this role, the analyst will ensure the quality, accuracy, and timeliness of data delivered to the Board of Governors (BOG) by analyzing data, reports, procedures, and regulations, and by providing guidance to financial institutions on reporting requirements. The analyst needs to possess demonstrated problem solving and attention to detail skills. In addition, the analyst should possess the intellectual curiosity to ask insightful and targeted questions to gain an understanding of the drivers behind reported data, the ability to perform data analysis on multiple institutions, compare similar data across reporting series for consistency and to gain and share knowledge regarding the analysis. The analyst will use standard methodology and automated tools to perform advanced analysis on financial data with the opportunity to explore and recommend new analytical methodologies. The ability to build and maintain strong relationships with financial institutions, Supervision, Regulation and Credit, Board of Governors, and team members is essential. The ability to multitask and respond timely to requests is required. Analysts are expected to work independently and with guidance from senior staff and management on complex situations. Strong communication and interpersonal skills are required to support a team-oriented environment.

What You Will Do:

  • Analyze data and regulatory reports using standard and proprietary applications and software; evaluate information and research regulations and reporting requirements; identify data anomalies and outliers; prepare and present findings to appropriate internal/external stakeholders
  • Demonstrate intellectual curiosity and utilize a variety of advanced techniques to research/conduct analysis; explore new and innovative approaches to advanced analysis; identify potential regulatory reporting problems
  • Ensure timeliness of information delivered to all stakeholders, including Board of Governors, other Reserve Banks, and financial institutions
  • Build and demonstrate an in-depth knowledge of collected reports and line items, related reporting issues, and processing procedures and guidelines
  • Work with financial institutions to investigate and resolve or explain unusual information and prepare written explanation of findings
  • Communicate with financial institutions by telephone or in writing to investigate and resolve unusual data reporting and provide well-written edit explanations and seek information sharing opportunities
  • Stay abreast of current events in the banking and financial industry that could affect the institutions and their reporting
  • Use presentation skills for knowledge sharing with co-workers and to train financial institutions


  • 3+ years of experience related to financial and regulatory report preparation or analysis
  • Bachelor`s degree required with preferred emphasis in Finance, Economics, Business, Accounting or related field.
  • Knowledge of accounting principles and concepts as applied to banking and finance
  • 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)
  • Experience in the banking or financial industry is 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 - Int is $65,800 – $82,200 annually. (3+ years of experience)
  • The hiring range of the Analyst – Fin Reg Rpt – Sr.is $86,600 – $108,200 annually (5+ 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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