Company

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 Federal Reserve Bank of Richmond has an immediate opening for a Financial Analyst, Associate to Intermediate to work in our Third-Party Financial Review team.

In this position, you will conduct research and analysis to identify and assess the financial risks associated with existing and potential third-party suppliers to the Federal Reserve System. You will provide guidance in identifying, evaluating, and developing related processes and procedures that are effective and meet requirements. This position plans and executes solutions and may provide consultation to clients, colleagues, and management. You will participate in cross-functional linked teams to address financial or system issues. You will determine best practices and suggests how to improve current practices.

What You Will Do:

• Perform analyses of third-party financial data including, but limited to, evaluation of income statements, balance sheets, and statements of cash flow to identify potential threats to the third-party’s financial health and viability.
• Research and evaluate other non-financial information including industry trends and economic indicators to help inform analyses of overall inherent risk associate with the third-party.
• Perform moderately complex analyses of other financial data including projections, assumptions, and/or trend and variance analyses.
• Prepare financial risk reports that clearly communicate results of analysis to internal stakeholders, as well as provide additional insight when needed.
• Create and maintain related third-party financial risk management procedures for the organization.
• Where appropriate, partner with stakeholders to develop risk mitigation strategies that minimize exposure to third-party risk.
• Assist in the development and design of new financial processes and updating existing financial processes.
• Contribute to and participate in financial process improvement and solution discussions and may present outcomes in written and verbal format to management.
• Serve as a liaison and/or technical resource on related matters.
• Participate in cross-functional team initiatives and financial process improvement projects.
• Collaborate with Procurement, Vendor Management, Risk Management and other related functions across the Federal Reserve System.

Qualifications:

• 1 to 5+ years of relevant work experience.
• Bachelor’s degree or equivalent work experience preferred.
• Strong business and financial acumen.
• Excellent analytical ability.
• Critical thinking skills with the ability to independently solve problems with data.
• Acute attention to detail with a high degree of data accuracy and integrity.
• Strong oral and written communication.
• Strong interpersonal skills and ability to work with people at all levels of the organization.
• Ability to prioritize tasks and meet daily deadlines.
• Proficient computer skills including Microsoft Outlook, Word, Excel, and PowerPoint along with various other online applications, as needed for the role.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits
• Pension and 401(k) with employer match
• Paid time off
• Tuition reimbursement
• Employee resource networks
• Paid volunteer leave
• Flexible work options
• Onsite amenities that make working here fun!

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.
• If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org.
• 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.).
• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.
• The hiring range of the Financial Analyst - Intermediate is $67,200 – $92,400 annually.
• The hiring range of the Financial Analyst - Associate is $55,600 – $76,450 annually.
• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
• The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.
• Interested candidates are strongly encouraged to apply by December 9, 2024. Applications are reviewed on a rolling basis.
• Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Accounting/Finance

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.

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

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