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Regulatory Data Associate

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Legal, Data Science
New York, NY, USA
Posted on Dec 2, 2024

Company

Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The Data & Statistics Function (D&S) provides critical data capabilities in support of a safe and sound financial system. D&S manages the ingestion and quality assurance of financial and organizational data from domestic and foreign depository institutions, capital market participants, and bank holding companies. The team serves as the front line to financial institutions, engaging with them towards the provision of fit-for-purpose data for its stakeholders at the U.S. Treasury, the Board of Governors and internal stakeholders. These data are used regularly in the analytic support for the Bank’s responsibility related to monetary policy, banking supervision, payments systems and international market monitoring.

You will be part of the Financial Analysis Services Team (FAST) covering International and Domestic Markets (IDM). The FAST team is responsible for performing data analysis, developing and managing analytical products, and ongoing stakeholder and respondent management on interpretive reporting topics. You will be a part of the Treasury International Capital (TIC) team within the larger Financial Analysis Services Team (FAST). Specifically, the team primarily provides services focusing on data quality assurance and analysis of TIC data received from a variety U.S. financial institutions.

Your role as Regulatory Data Associate:

  • Independently conduct data analysis and visualizations, develop questions that resolve data quality anomalies, and research interpretive inquiries for complex data series, reporters, and data concepts. This includes providing respondents and stakeholders guidance on technical reporting issues

  • Perform extended analysis and question respondents on data quality items of note related to complex reports and institutions. Establish and lead dialogue with financial institutions to enhance data quality and controls

  • Summarize multiple sources of information concerning data collections and relationships of varying sizes and degrees of complexity to produce well-supported and influential analyses and inquiries. Participate and collaborate on automation efforts and new technology solutions, expanding our technology platform capabilities to increase self-service, enhance resiliency and improve efficiency

  • Research inquiries and reporting issues and propose sound conclusions based on reporting instructions and guidance

  • Build effective working relationships stakeholders; assess and respond to requests on data collection operations and analysis of institutions’ reporting practices

  • Participate in Function and System workgroups as assigned

What we are looking for:

  • Relevant work experience in a financial, economic, or analytic role

  • Experience with SQL, Tableau, Sapiens, Alteryx or similar technology to support financial data collections and analysis

  • Strong demonstrated understanding of U.S. and global capital and money markets structure and products (e.g., Equities, Private Equity, Repurchase agreements, debt, etc.)

  • Strong demonstrated experience in analytical, problem solving, critical thinking, operational excellence, communication (written and verbal), stakeholder management, interpersonal, and self-management skills

  • Experience in business intelligence, financial markets and products, regulatory reporting, or data analytics.

  • Ability to provide efficient and accurate verbal and written analysis

  • Proficiency in Microsoft Excel, Word, and Power Point

  • Nice to have - experience with GoldenSource Securities Master, or similar securities management solutions.

Salary Range: $115000 - $135000 / year

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

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

Benefits:

Our organization offers benefits that are the best fit for you at every stage of your career:

  • Fully paid Pension plan and 401k with Generous Match

  • Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

  • Subsidized Public Transportation Program

  • Tuition Assistance Program

  • Onsite Fitness & Wellness Center

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

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

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

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

This position requires a National Security Clearance, access to which is limited to U.S. Citizens.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

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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