Position Description

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

4

Summary

The Financial Systems Analyst (FSA) is responsible for the analysis of System economic, financial and structure data; the development of requirements for automated collection and analysis tools; and the implementation of those tools; and the testing and quality assurance techniques associated with system development. The FSA is a technical expert in all aspects of information processed by the unit and has a high degree of knowledge of the statistics function in the division, at the Board, and in the System.

Duties and Responsibilities

• Performs primary and backup financial and structure data analysis for data flows and other assigned internal projects. Provides resolution to reporting series, structure information and data collection questions and problems; responds to a wide range of client inquiries in the areas of regulation, automation, data transactions and structure processing. Organizes planning meetings for new or revised series.
• Develops high-level analytical techniques that may include the construction and testing of statistical models to be used for cross-sectional and time-series analysis of data trends, the effects of banking structure changes on economic and financial data, and the improvement and maintenance of the quality of structure data. Develops and reviews standards for data interchange within the Federal Reserve System.
• Develops business rules and report or application formats for distributed, web, and mainframe programmers to use in developing applications or systems automated programs or systems to support analytical work and the release of public information. Work may include programming, database design, and conceptual design.
• Provides assistance and leadership to other analysts and technicians regarding automation, problem solving, and data analysis. Drafts and reviews technical memoranda changes for series processing. Independently develops technical requirements.
• Researches, organizes, and publishes documentation of systems and report requirements for use by Board, Reserve Bank staff, and reporting institutions. These may include communications standards, technical memoranda and instructions, systems testing plans, implementation schedules, requirements statements, and other information relating to the support of applications processing systems.
• Ensures that all administrative and internal series processing deadlines are met for the unit, such as preparation of status reports, review of Reserve Bank and other regulatory agency performance, and coordination of periodic edit reviews.
• Represents unit, branch, or division in client meetings, makes decisions regarding complex data questions, and participates on task forces and committees, both internal and external to the Board.
• Prepares schedule of unit work activities so that reports and administrative deadlines are met in a timely, accurate manner. Conducts periodic reviews of editing and analyses procedures with unit staff and provides the review results to management.

Position Requirements

FR - 25 Minimal Qualifications:

Strong analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in business, economics, finance, mathematics, computer science, information technology, or equivalent work experience. Intermediate knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of four years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (distributed and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Intermediate understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Maintains awareness of evolving information processing technologies and financial industry trends through professional publications and outside contacts. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to others.

FR - 26 Minimal Qualifications:

Strong analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in business, economics, finance, mathematics, computer science, information technology, or equivalent work experience. Intermediate to advanced knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of five years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (mainframe, distributed, and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Intermediate to advanced understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Knowledgeable of evolving information processing technologies and financial industry trends through professional publications and outside contacts. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to senior management and others.

FR - 27 Minimal Qualifications:

Advanced analytical ability and oral and written communications skills typically acquired through completion of a Bachelor's Degree in economics, finance, accounting, information systems or a related discipline, or equivalent work experience. Advanced knowledge of financial/accounting principles relating to System reports and of the processing systems that support the statistics function, typically acquired through a minimum of six years of related work experience, thorough understanding of data processing issues including a good understanding of computer operations (mainframe, distributed, and web environments), good understanding of telecommunications concepts and thorough knowledge of various software packages such as SAS, QMF/SQL, and Microsoft Excel. Advanced understanding of analytical techniques involved in financial data analysis such as ratio analysis, peer analysis, trend analysis and statistical modeling. Develops professional skills. Knowledgeable of evolving information processing technologies and financial industry trends through professional publications and outside contacts and applies concepts accordingly. Conducts research in information processing in areas relevant to division, business line, or Board needs and communicates the results of these activities to senior management and others.

This position is within the IT Statistics Program Management Office (PMO) unit within Board IT Statistics and is part of the Federal Reserve's Statistics Function - a national business line that collects financial, banking structure, survey, and contextual information and provides data management services to ensure information is fit for use. The IT Statistics PMO unit's main responsibility is to provide general support and direction to national Statistics Function activities. In addition to overseeing the function's automation and business projects and programs, this area is responsible for overseeing the function's governance, strategic planning, demand management, and national budgets, as well as overseeing the annual performance evaluation process for Reserve Bank Statistics sites.

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.