10 days old

Financial Statistics Analyst I

Federal Reserve Bank (FRB)
Philadelphia, PA 19107
  • Job Code

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:
Collects, monitors, analyzes and ensures the integrity of financial institutions prepared non-complex or semi-complex financial and structure reports including: income and balance sheet statements, consolidated statements and other accounting statements and bank structure reports. Analyzes statements and reports in accordance with Board of Governors (BOG) and other FR guidelines for use in support and determination of the safety and soundness of banking organizations, monetary policy, and reserve bank operations. Contacts and counsels reporting entities. This is entry level work under direct supervision.

Principal Duties and Responsibilities:
Collects, evaluates, and analyzes bank financial and structure reports under direction using standard applications and software. Works with guidance and consults with senior staff and management in review and evaluation of data anomalies and bank explanatory information. Refers complex or unusual cases to senior staff or management.
Monitors deadlines and provides senior staff with periodic status reports and interacts with other analysts to ensure completeness of data and resolution of discrepancies. Certain data collections require extended hours (including weekends) to ensure resolution.

Edits and analyzes non-complex structure data and financial reports and statements for conformity with accounting principles and regulatory requirements. Communicates with financial institutions to investigate and resolve unusual fluctuations in data. Develops comprehension of basic and extended editing concepts.
Applies basic analysis, editing, data extraction, and viewing techniques to analyze data, detect errors, maintain accurate reporting panels and provide meaningful explanatory information. Understands the business or financial condition of assigned institutions.
Successfully completes select courses and/or on-the-job training to deepen and broaden functional knowledge including applicable regulations and developments related to the banking industry, as well as data retrieval techniques and editing methodologies. Enhance professional development by reading technical memoranda, report instructions, user guides, press releases, and other professional literature. Demonstrate basic knowledge of bank accounting and banking regulation.

Other duties and responsibilities:
May assist in the drafting and review of memos and reports; may comment on proposed reporting or regulatory changes and processing procedures.
May provide assistance to new staff in daily processing and basic extended editing concepts.
May participate in department projects, and support System workgroup members.
Performs work using well-defined instructions, policies, and procedures, under direct supervision in some assignments. Otherwise, operates under general supervision for assignments that proficiency has been demonstrated.
Complies with all applicable information security policies, guidelines and practices.

Scope Measurements:

Posted: 2019-10-10 Expires: 2019-11-08
Sponsored by:
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Sponsored by:
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Financial Statistics Analyst I

Federal Reserve Bank (FRB)
Philadelphia, PA 19107

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