R Bank Operations&Pay Sys /Clearance&Settlement Systems
Researches, reviews, and analyzes data for Federal Reserve Bank operations and payment systems. Analytical work typically supports short-term policy or strategic issues. Participates in Reserve Bank operations reviews. Reports to Division Manager or Officer. Bachelor's Degree in finance, economics, public policy, or business administration. Knowledge of financial statistical modeling & analysis techniques; econometrics; & theoretical finance & economics. Knowledge of use of technology in banking operations & payment systems; financial industry operational & payment system requirements & market practices; and statutes & regulations related to payment & settlement systems. Effective oral & written communication skills; general understanding of automated systems, including technology, data communications, & operating systems. Financial & statistical analysis skills. Prefer skills in PC analytical software and languages used for data analysis. Master's Degree preferred.
An understanding of financial markets, banking, payments and settlements, and related risks is desirable. Strong analytical skills and ability to analyze complex issues (especially risk management issues) is required. An ability to identify potential solutions based on an analysis and understanding of payment and settlement issues and the Board's policies and regulations is desirable. Excellent communication (oral and written) and critical thinking skills are essential as well as the demonstrated ability to use sound judgment, assimilate new information quickly, and take initiative.
An MBA or Masters degree in economics, finance, or public policy is preferred. Some travel is required. Position will focus on the analysis of the operations, rules, and risk management practices of systemically-important payment and securities clearing and settlement arrangements in relation to the Board's policies regarding sound risk management in such systems and broader risk and efficiency standards and analysis of the G-10 central banks.
