Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

This Job Description is for the Supervisory Job Family it is aimed primarily for positions within the Risk Analytics and Surveillance, Regulatory Applications, Financial Institution Structure and Enforcement business lines.

An ideal candidate must have knowledge of, be able to perform actions that are related to activities in the designated business line. Possesses and applies basic knowledge of assigned business unit to the completion of assignments. Analyzes and interprets bank holding company and state member bank financials, applications, banking conditions, emerging risks and trends that are routine and non-complex. Prepares and presents well documented conclusions, recommendations, and related reports. Confers with business unit management on the identified issues. Provides basic quantitative analysis; draws conclusions and recommendations to assist in the overall supervision of less complex supervisory issues impacting financial institutions; participates in less complex examinations/inspections; under close supervision, develops and effectively communicates analytical findings for less- to moderately complex supervisory issues. Demonstrates a basic to intermediate understanding of supervision and regulation processes and the risks faced by the banking sector supervised institutions through the effects of the financial market, emerging regulatory and supervisory issues, and national and regional economics. Understands the interrelationship of banking risk and begins to apply an integrated risk management approach in assessing an institution's performance; individual may have advanced skills in one discipline.

What You Will Do:

• Analyzes and interprets the current conditions of Third District commercial banks and savings associations in regard to routine non-complex bank holding company and state member bank applications, banking conditions and trends, emerging risks, and trends under supervisory events/issues/recommendations.

• Plans and conducts research as assigned by the unit manager. The unit manager will provide a significant amount of assistance to ensure the analyst understands the expectations of the leadership team.

• Identifies banking trends, individual bank financial reporting changes, risks to the institution, application and/or enforcement issues, and reports on the issues to unit management, working with senior unit staff.

• Uses time effectively and prevents irrelevant issues and distractions from inhibiting completion of assignment; schedules and coordinates own work with others in group projects to support overall work plans and schedules; begins to develop examination/project plans, timelines, and milestones for basic to moderately complex projects.

• Makes appropriate recommendations concerning supervisory issues in consultation with unit management. Should the identified issue be significant, the analyst escalates the findings to the appropriate units, and informs and compiles information to support recommendations.

• Prepares reports, correspondence, financial analysis, and documents for Board (if applicable) that require low to moderate review. Meets established deadlines in processing delegated projects.

• Participates in various projects within SRC, including quantitative reporting; supplies enforcement recommendations for Third District banks, bank holding companies, and savings and loan holding companies; reviews applications with other Supervision, Regulation and Credit (SRC) units, Reserve Bank Legal department and/or the Board of Governors when warranted.

• Participates with more experienced analysts, examiners, or business unit management to conduct in-depth discussions concerning, but not limited to, an institutions financial condition, inherent risks, enforcement actions, and/or applications status.

• Discussions with these subject matter experts should result in key findings for the given institution.

• Keeps informed of current events and developments in bank risk, legislation, and the overall banking industry.

• May participates on bank, department, or system projects.

• Fulfills job duties and responsibilities in conformance with sound safety practices.

• Demonstrates effective SRC Core Competency skills for grade and position.

• Performs other related duties as assigned.

Detailed summary of specialized skills to support this business line: Risk Analytics and Surveillance Supports the completion of quarterly RAS unit reports based on the Third District banks and savings associations financial condition for SRC staff under the direct supervision of RAS management and senior RAS staff.

• Assists in analyzing sources of systemic risk, emerging issues, and economic factors as they apply to Third District financial institutions to assess their impact on the institutions and the supervisory processes.

• Assists on analytical studies and assignments with direct management and staff supervision. Assists in the production of automated reporting systems and dashboards to support statistical analysis, periodic reports, and responses to ad hoc inquiries from within the department in regards to banking industry trends.

• Assists senior staff and management to complete financial, statistical, and econometric analysis using statistical and financial software applications, such as SAS or Excel VBA, at a beginner level.

• Expectations would be to obtain additional technical training to become more proficient in these disciplines.

• Prepares reports using word processing, spreadsheet, and graphics software (Tableau or other data visualization software). Once proficient in this area, the candidate will be expected to present those ideas findings to management and staff orally (presentation-type setting) and in written reports.

• Participates in the online classes of the examiner training program as specified by the Board of Governors will be expected. Beginner to intermediate knowledge of Tableau software. Training and application of the software program will be expected.

What You Have:

Education and Experience:

• Bachelor's degree, preferably in a business area, or equivalent related experience is required.

• Minimum of two years of experience in bank supervision, banking, econometric analysis or finance-related field is required.

• Knowledge of applications processing procedures, financial analysis of banks and bank holding companies, and regulatory and supervisory policies is preferred.

• Enrollment in the examiner training program as specified by the Board of Governors is preferred.

Knowledge and Skills:

• Strong written and oral communications skills. Under general oversight, presents both orally and in writing, findings and assessments concerning less complex to moderately complex supervisory matters or institutions; prepares presentations for senior management, staff and other supervisory authorities.

• Strong analytical and problem-solving skills.

• Demonstrates basic to intermediate analytical and problem-solving skills; analyzes problems with appropriate fact finding and logic; begins to identify underlying issues or problems and recognizes trends/cause-effect relationships.

• Strong interpersonal skills.

• Demonstrates the ability to work effectively on a team and begins to demonstrate the ability to effectively lead a team; draws on experience to resolve less- to moderately complex issues; displays interpersonal skills in dealing with people at all levels of an organization.

• Strong time management skills. Identifies and assesses less to moderately complex supervisory issues; effectively manages less to moderately complex issues in order to meet our supervisory objectives and goals.

• Subject to close to general oversight in work performed; relies on mentors for guidance on new projects/assignments; exercises judgment within defined procedures and practices.

• Strong PC skills, using standard Bank word processing, spreadsheet, and mainframe applications.

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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

The salary grade (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/frbp-salary-structure.pdf) for this position is: 11. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

• 401k/Thrift Plan with generous employer match

• Employer-funded Pension Plan

• Paid Vacation/Sick Time & Holidays

• Monthly $100 Commuter Allowance

• Flexible Spending Accounts and Healthcare Spending Accounts

• Flexible Work Schedule available in most departments

• Life Insurance and Long Term Disability Insurance

• Tuition Reimbursement (undergraduate and graduate)

• Parental Leave

• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities

• Onsite Cafeteria & Coffee Shop

• Additional Convenience Benefits, Discounts and More…

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “ @ phil.frb.org ” domain or through the Workday system “ rb@myworkday.com ”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org .

• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer nine employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

• We have nine employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Latin and Hispanic Heritage, Working Families and Veterans. ERGs are open to all employees.

• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.

• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/Full-Code-of-Conduct-with-Appendices-A-and-B.pdf) to ensure compliance with conflict of interest rules and personal investment restrictions.

• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

• Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high).

• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

• This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

• Learn more about (https://www.philadelphiafed.org/about-us) the Philly Fed and its culture. Learn more about working (https://www.philadelphiafed.org/careers) for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)