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Regulatory Data Analyst

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  • Job
    Full-time
    Junior, Mid & Senior Level
  • Data
    Banking & Finance
  • New York

Requirements

  • Experience using SQL, Tableau, Sapiens, Alteryx or similar technology to support financial/organizational structure data collections and analysis
  • Understanding of economics, financial products, accounting practices and Federal Reserve regulations
  • Exposure to qualitative and/or quantitative data focused on data cleansing, processing, reconciliation, and compliance
  • Strong critical thinking and communication skills to provide efficient and accurate analysis
  • Solutions oriented with an eagerness to learn and grow
  • Proficiency in Microsoft Outlook, Excel, Word, PowerPoint

Responsibilities

  • Monitor and ensure nationwide reserves data and other critical monetary policy data is received, validated, and provisioned to data users within the Markets Group of the New York Fed by 7am each business day
  • Operationalize depository institution mergers and process account changes for impact on reserves account administration
  • Perform daily Sarbanes-Oxley (SOX) compliance by verifying reserves data are correctly posted to the Bank’s balance sheet
  • Correspond with reporting entities on deadlines, requirements, and accounting changes; Establish and lead dialogue with financial institutions to enhance data quality, and controls
  • Prepare systems, tools, and applications for data ingestion and data editing; Monitor and ensure data timeliness and validity
  • Report out statuses to team members and help prepare procedure documents
  • Perform testing tasks to verify that software and related process changes provide the intended functionality
  • Assess and respond to requests from key stakeholders on data collections and reporting concepts
  • Conduct analysis on interpretive inquiries for data series and reporters, reporting issues, and data concepts, including providing guidance on technical and reporting issues to respondents and stakeholders
  • Monitor operational key performance indicators (KPIs), assess, and analyze drivers, and create action plans
  • Participate in Function and System workgroups as assigned

FAQs

What is the application deadline for the Regulatory Data Analyst position?

The application deadline is September 20, 2024.

What is the salary range for this position?

The salary range is $74,000 - $84,000 per year.

What kind of flexibility does the job offer in terms of work location?

The job offers workplace flexibility, allowing employees to work remotely or on-site as needed, with an expectation to be in the office weekly for meetings and team collaboration.

What skills are required for this position?

Required skills include experience with SQL, Tableau, Sapiens, Alteryx or similar technology, understanding of economics and financial products, and strong critical thinking and communication skills.

Are there any specific software programs or tools I need to be proficient in?

Proficiency is required in Microsoft Outlook, Excel, Word, and PowerPoint.

What are the main responsibilities of the Regulatory Data Analyst?

Key responsibilities include monitoring data reception and validity, operationalizing depository institution mergers, performing SOX compliance checks, enhancing data quality, and conducting analysis on reporting issues.

Is prior experience required for applying to this role?

While specific experience is preferred, the job description emphasizes a willingness to learn and grow, suggesting that candidates with varying levels of experience may apply.

What kind of benefits does the Federal Reserve Bank of New York offer?

The bank offers a fully paid pension plan, 401k with a generous match, comprehensive insurance plans, a subsidized public transportation program, tuition assistance, and access to an onsite fitness and wellness center.

Does this role require strong communication skills?

Yes, strong communication skills are essential for providing efficient and accurate analysis, as well as for collaborating with stakeholders.

Is there a focus on diversity and inclusion in the hiring process?

Yes, the Federal Reserve Bank of New York is committed to a diverse workforce and equal employment opportunities for all candidates.

Serving the Second District and the Nation

Finance
Industry
1001-5000
Employees
1914
Founded Year

Mission & Purpose

The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture. We welcome and invite engagement and discussion on our Linkedin page. In order to maintain a productive exchange of thoughts, opinions, and ideas we prohibit any comments that contain: •Defamation of an individual, group or organization •Spam: posting identical or similar posts repeatedly •Obscenity or vulgarity •Misleading or fraudulent statements and false information •A violation of another’s intellectual property rights •commercial in nature The views, opinions and experiences expressed in user-submitted comments are solely those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York. We reserve the right to remove comments, at our discretion and without notice.

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