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:
The Collateral Data Support Team (CDST) Analyst performs work of an analytical, professional, and technical nature to support the Federal Reserve System’s Securities Data Management Services (SDMS). The analyst supports the team’s data quality and vendor management programs including participating in the evaluation of data acquisitions, performing daily data management tasks including on call operational support outside of standard business hours, addressing data challenges, and interacting with external vendors to resolve data quality issues. Individuals in this role participate on and may lead both system related and departmental projects including the testing, implementation, and maintenance of large databases and applications to ensure they meet current and future business needs.
The following job descriptions details the requirements for a CDST Senior Analyst. Applicants with less experience or education may be considered for the CDST Analyst position.
What You Will Do:
Perform moderately complex daily data management tasks and time sensitive data analytics and data challenge requests to support the FRS’s policies and practices for various business lines including CRM’s Discount Window and Payments System Risk.
Occasionally support on call operations outside of standard business hours such as vendor data file processing
Apply knowledge and judgment for analyzing and interpreting moderately complex big data sets to reach conclusions and recommendations regarding data quality.
Apply process management skills to support operational improvements in the unit.
Participate or lead implementation and maintenance of large databases and applications to ensure they meet current and future needs of FRS business lines.
Interact with external vendors to resolve data quality issues and support the team’s vendor management program.
Fulfills job duties and responsibilities in conformance with sound safety practices.
Demonstrates effective SRC Core Competency skills for grade and position.
What You Have:
Education and Experience:
Bachelor's degree in finance related field, business administration, information management or equivalent related work experience and education is required.
Minimum 2 years' experience (5 years for Sr Analyst) in data analytics, banking, or finance-related field is required.
Advanced degree in data analytics, information management, or finance strongly preferred.
Knowledge and Skills:
Foundational knowledge of operations and solid understanding of internal controls.
Familiarity with application of risk management principles.
Effective written and oral communications skills.
With some coaching, able to present findings and assessments both orally and in writing to Bank and financial institution management.
Demonstrates analytical, research, and problem-solving skills; Ability to conduct low to moderately complex analysis with statistical programming packages (i.e. Python, SAS, STATA, SQL); able to identify patterns among facts, data or events.
Recognizes cause-effect relationships and is able organize information in a manner that effectively communicates findings and recommendations.
Ability to identify efficient process workflows.
Effective team player with the ability to lead a team and use skills of influence to accomplish stated goals.
Draws on experience to resolve complex issues and displays strong interpersonal skills in dealing with peers.
Intermediate skills using desktop software for word processing, spreadsheets, data analysis, data visualization and presentations (i.e. MS Office Suite Products, Tableau).
Capable of creating visual presentations of data.
Other Requirements:
Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National or 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.
The salary grade (https://www.philadelphiafed.org/-/media/frbp/assets/institutional/careers/frbp-salary-structure.pdf) for this position is: 13/14. 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 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 eight 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 eight 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, 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.
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).
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.
