The Supervisory Research and Analysis Unit (SRA) is an interdisciplinary group of professionals that conduct research aimed at supporting the Federal Reserve Bank (FRB) of Bostons Supervision and Regulation efforts. We produce research papers and conduct analysis that generally focus on the banking industry and broader credit markets, and the impact of micro- and macro-prudential policy on financial markets. We also makes meaningful contributions to Federal Reserve System (FRS) projects to identify and monitor potential financial stability risks, and periodically advises senior FRB Boston leadership on related matters. Finally, we support FRB Bostons participation on several FRS-wide projects, including the Quantitative Surveillance Group, Model Oversight Group, Large Institution Supervision Coordinating Committee (LISCC) Monitoring and Analysis Program and Liquidity Steering Committee.
We're looking for an enthusiastic Markets Specialist to us in the Non-Bank Institutions Group (NBIG). The NBIG identifies and assesses potential risks to FRS-supervised institutions and the broader financial system posed by products and activities of non-bank financial institutions, including insurance and asset management companies. You will report to the Manager of the NBIG team.
Lead FRB Boston or FRS projects related to identifying and monitoring the potential risks to both FRS-supervised institutions and financial stability posed by non-bank entities, including asset owners.
Conduct project-based and ad-hoc analysis on latest issues arising from products and activities of financial market participants, and communicating the impact of such issues on current regulatory or macro-prudential policies.
Participate in periodic briefings on supervisory and financial stability-related risks to senior FRB Boston management.
Contribute to supervisory examinations and related work products that assesses the effects of certain non-bank activities or products on bank safety and soundness.
Develop ongoing relationships with personnel at the FR Board of Governors and other FRBs to ensure ongoing engagement on monitoring financial stability vulnerabilities across banks and non-banks.
Maintain an awareness of relevant regulations, laws, policy projects, and other developments in the financial markets, including those that are germane to non-bank credit intermediation.
Key Expectations and Experience:
Experience normally acquired through, or equivalent to, the completion of a Masters degree and either ten years of commensurate financial industry or regulatory work experience. Industry certifications, such as CFA, CPA, or FRM are a plus.
You will exhibit an understanding of existing and latest issues associated with their relevant markets, and to reasonably frame and communicate such issues regarding size, relevance and scope. Solid written and oral communications are required, particularly the ability to tailor presentations and memos to different levels of management. In addition, work products, including presentations, by Markets Specialists should require only a modest level of review. Finally, the ability to navigate ambiguity with enthusiasm is an important success criteria for this role.
Ability to travel up to 15 percent is required.
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)
401K match, and a fully funded pension plan
Paid vacation and holidays; flexible work environment, healthy workflow
Generously subsidized public transportation
Annual tuition reimbursement
Professional development programs, training and conferences
The Federal Reserve Bank of Boston is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
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.
All employees assigned to this position 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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.