Company

Federal Reserve Bank of MinneapolisWelcoming, mission-driven, and prestigious are adjectives employees use to describe the workplace culture of the Minneapolis Federal Reserve Bank. Become part of an organization that is committed to encouraging diversity and inclusion, sustaining a vibrant and thriving economy, and making a real difference in people’s lives. One important element of the Minneapolis Fed’s mission involves participating in the supervision and regulation of the nation’s banking, financial, and payments systems to promote a safe, sound, fair, and accessible banking system and stable financial markets.

The Supervision, Regulation, and Credit Division (SRC) is seeking a Financial Analyst in the Consumer Affairs section. Consumer Affairs Financial Analysts support examinations of state member banks for compliance with federal consumer protection laws and regulations, including the Community Reinvestment Act (CRA) and fair lending laws, by preparing bank and demographic data for examinations. In addition, Consumer Affairs Financial Analysts investigate and resolve consumer complaints against supervised firms.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. On-site work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration.

*Must be a U.S. citizen or lawful permanent resident. We are unable to hire anyone who would require sponsorship now or at any point in the future.

Financial Analyst II Responsibilities:

The following represents analyst responsibilities at all levels; however, at a Level II, the analyst will perform the listed duties under the guidance of more experienced staff until sufficient experience is gained to work without supervision.

Examination Support:

• Employ preexisting internal data analysis software tools to produce reports and maps that depict banks’ lending patterns and CRA performance within their defined markets.
• Supply examiners with relevant data regarding a supervised institution’s lending activity, banking market demographics, business conditions, and competition levels to support examination scoping and analysis processes.
• Utilize demographic and economic data tools that obtain data from different sources, including the U.S. Census Bureau, Bureau of Labor Statistics, Federal Deposit Insurance Corporation, Federal Financial Institutions Examination Council (Home Mortgage Disclosure Act data), and related economic agencies.
• Act as a resource for consumer compliance-related data and mapping-related questions from examiners, management, and other departments.
• Present data to different stakeholders through internal memoranda, tables, graphs, and maps.

Complaint Investigation:

• Work independently and as a team to investigate consumer complaints against supervised institutions.
• Analyze and fully understand issues presented by the complainant, identify any necessary follow-up with the complainant and/or bank staff, determine applicability of and compliance with various laws and regulations, identify appropriate resolution for the complainant, and document information needed to support investigation findings.
• Achieve and maintain understanding of a variety of banking laws and regulations, including staying abreast of regulatory developments, emerging issues, and compliance trends that have a significant impact on consumers.
• Work collaboratively with examination staff, management, and Federal Reserve Board of Governors staff, as needed, to resolve consumer complaint issues.
• Maintain complete and accurate records of complaint-related work including the Federal Reserve System’s complaint information database.

General Duties:

• Respond to frequently changing regulatory requirements and industry issues with agility and adaptability.
• Complete Federal Reserve System (System) schools and training modules, as applicable, to achieve job knowledge.
• Safeguard equipment, sensitive data, and other information resources according to System and Division requirements.

Financial Analyst III, Additional Responsibilities:

• Demonstrate knowledge and independent proficiency in all examination preparation, complaint, and/or Consumer Affairs section support responsibilities, including System databases and tools, examination and complaint procedures/processes, regulatory requirements, and relevant supervisory responsibilities.
• Develop methods for automating and streamlining processes for data retrieval and analysis and help implement internal examination preparation- and complaints-related process enhancements when warranted.

Qualifications:

• Proficiency in using Microsoft Excel (creating and managing spreadsheets, formulas, and pivot tables), Adobe Acrobat (editing documents), and Tableau (navigating and creating dashboards and reports). Experience with bank data processing systems (e.g., Fiserv, Jack Henry, FIS) will be considered a plus.
• Effective oral and written communication and presentation skills, including being comfortable explaining data analysis-related topics to different audiences.
• Critical thinking skills with the ability to identify patterns and trends and spot new issues.
• Strong organizational, work prioritization, and planning skills as well as attention to detail.

• Ability to work cooperatively with bankers, examination staff, and management to resolve bank data or consumer complaint issues.
• Direct or comparable experience in banking, financial services industry, or banking supervision, preferably consumer compliance-related experience in at least some of the following areas: CRA, Fair Credit Reporting Act, Unfair or Deceptive Acts or Practices, Fair Lending, and Regulation Z: Truth in Lending Act.
• Coursework/experience in Public Policy and/or Geography will be considered a plus.

To be considered for Financial Analyst II:

• Bachelor’s degree in a related field AND 2 (two) years of direct experience with data analysis or interpretation OR
• High school diploma AND 6 (six) years of direct experience with data analysis or interpretation

To be considered for Financial Analyst III:

• Bachelor’s degree in a related field AND 4 (four) years of direct experience with data analysis or interpretation OR
• High school diploma AND 8 (eight) years of direct experience with data analysis or interpretation

Salary & Benefits:

Financial Analyst II: $62,000 - $77,508 - $93,000

Financial Analyst III: $76,900 - $96,098 - $115,300

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

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

• Comprehensive healthcare options (Medical, Dental, and Vision)

• 401(k) match, and a fully-funded pension plan

• Paid time off and holidays

• Free public transportation passes

• Annual educational assistance

• On-site fitness facility

• Professional development programs, training, and conferences

• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

Additional Information:

*This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

*We are unable to hire anyone who would require sponsorship now or at any point in the future.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Accounting/Finance Family Group

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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