Auditor – Financial Management and Internal Controls (OIG)

Washington, DC, USA

4 days ago

Federal Reserve Bank

About the Role

The graduate-level Intern will operate as a project coordinator and support the Division of Consumer and Community Affairs’ Front Office (FO) in advancing the Division’s mission to promote a fair and transparent financial services marketplace for all consumers. The FO is central to aligning the Division’s work activities to its strategic goals and supporting a high performing workforce. It establishes and implements effective procedures and protocols and facilitates timely completion of key work activities by monitoring and reporting progress on achieving success measures and completing high quality deliverables.

The Intern will be under the supervision of the Deputy Director. They willperform various administrative tasks to help communicate, manage, and plan how to prioritize work activities and keep them onschedule.The Intern may also support the collection, analysis, and reporting of risk and risk mitigation opportunities for various work activities, as well as other related tasks as assigned. They must follow data quality best practices and are expected to present their work to various audiences in the Division.

Requirements

Suggested Major/Education: Must be a graduate student pursuing a graduate degree in an business management, finance, accounting, computer science, or other relevant fields graduating in December 2025 or later

Requires knowledge of fundamental project management principles, concepts, and techniques Musthaveexcellent communication and interpersonal skills to develop and maintain good business relationships;strongorganizationalandtime managementskills;keen ability to prioritize work based on strategic plans and protocols; high attention to detail;able to work effectively with a team and as an individual based on business needs.Demonstrates strong analytical and problem-solving abilities. Possessessolid working knowledge of Microsoft Office products including Outlook, Word, Excel, PowerPoint, and Teams; experience with Microsoft Project or similar project management tools is a plus.Applicants should provide a cover letter, resume, an unofficial transcript from their current institution(s) reflecting relevant coursework and may include contact information for one or two professional references.

Anticipated Work Hours: During the summer, 40 hours per week; during the school semester, 15-30 hours per week

Anticipated Work Environment: This internship will be a hybrid role, with a combination of in-person and remote work.

US Citizenship is required for all Board internships and applicants must be current students

High School or equivalent experience required. Must have at least three years experience working in Supply and Warehouse Operations. Works indoors and outdoors to load and unload cargo, including heavy items, under all weather conditions. Work will also be performed in a warehouse environment with industrial lighting, concrete flooring and temperatures that may be below and above those normally found in a standard office. Potential exists to work around hazardous materials. Must be able to operate warehouse, e.g., forklifts, power jacks, trucks, computer terminal used for inventory system. Must be able to operate automated inventory system. Must have a valid driver’s license from a local jurisdiction and meet all other applicable requirements for driving or operating the vehicles described herein. Must possess applicable certification(s) and training to operate standard warehouse equipment (e.g., forklift, cherry picker, pallet jack, etc.). A demonstrated commitment to a strong customer service philosophy is required.

Physical Demand/Work Environment: Must be able to lift heavy objects weighing up to 50 pounds from and onto shelving, as well as loading and unloading warehouse vehicles. Position requires continuous standing, sitting, bending, stooping, kneeling, stretching, climbing, and reaching over and under equipment, cargo and supplies in confined spaces. Must be able to safely work at heights up to 20 feet. Will be required on a regular basis to lift, push, pull and operate a variety of heavy duty equipment, e.g. forklift weighing up to 5,000 lbs., pallet jack weighing up to 4,500 lbs., cherry picker weighing up to 3,000 lbs., and shrink wrap machine. Required to operate vehicles, including cargo vans and trucks weighing up to 26,000 lbs. at full capacity, in all kinds of weather and traffic. Will be required to complete all mandatory instruction in injury prevention, ergonomics and OSHA training for the position. Must meet the Board’s standards for employment, including suitability requirements.

Contacts are with all levels of Board Staff and outside vendors. Works collaboratively with Supervisor, peers and Facilities Services Manager and staff.

The incumbent of this position has been designated as essential personnel, and as such will be expected to report to work or work extra time even if the Board is officially closed during emergency situations, such as inclement weather. Non-exempt employees are eligible for overtime pay in accordance with the Board’s policy and legal requirements. An onsite presence is required in Washington DC and Upper Marlboro, MD.

Principal Duties and Responsibilities

Conducts legal research (e.g., statutes, regulations, case law, policies).Writes memoranda, correspondence, case law briefs, and legislative summaries.Attends and participates in client meetings.

Requirements for Summer Law Clerk

Applicant must be a current 1L.Applicants should have an enthusiasm for seeking out opportunities to learn new legal skills; excellent oral communication, research, writing skills, and initiative to see projects to completion while multi-tasking in a hybrid workplace environment.

Required Documents for Application

To apply, submit a resume, writing sample, and a cover letter that indicates why you wish to work for the OIG. Transcripts will be required when grades become available.

Location

This internship is expected to be completed in a hybrid environment with some in-office presence required. The internship includes participation in various Board and OIG community events. In-person presence at these events is strongly recommended.

US Citizenship is required for all Board internships and applicants must be current law students, graduating from their program fall 2025 or later.

Introduction to the OIG: https://oig.federalreserve.gov/introduction.htm

Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm

Position requirements:

For the FR27: A bachelor’s degree in human resources, business administration, or another related field and a minimum of 6 years of related experience, or a master’s degree in a related field and 4 years of related experience. Requires excellent interpersonal, oral, and written communication skills as well as high level analytical ability. Also requires a broad working knowledge of all areas of HR normally acquired through at least one year of HR generalist experience. Additionally, an understanding of benefits and compensation strategies, policies, rules, and methodologies are preferred. Familiarity with Reserve Bank operations and Reserve Bank policies, procedures, rules, and methodologies are also desirable.

For the FR28: A bachelor’s degree in human resources, business administration, or another related field and a minimum of 8 years of related experience, or a master’s degree in a related field and 6 years of related experience. Requires excellent interpersonal, oral, and written communication skills as well as high level analytical ability. Also requires a broad working knowledge of all areas of HR normally acquired through at least one year of HR generalist experience. Additionally, an understanding of benefits and compensation strategies, policies, rules, and methodologies are preferred. Familiarity with Reserve Bank operations and Reserve Bank policies, procedures, rules, and methodologies are also desirable.

Remarks:

This position's work is broad in scope covering one or more complex areas. Policy, procedure, or precedent are typically created by this position. Senior HR analysts will perform qualitative and quantitative analysis in support of the Board’s responsibilities and policy objectives. The successful candidate will demonstrate critical thinking skills, excellent written and oral communication skills, the ability to use sound judgement, assimilate new information quickly, analyze complex problems, and take initiative. Senior HR analysts will contribute to oversight of Reserve Banks, including participating on review and examinations, assessing new initiatives, and conducting ongoing monitoring. Senior HR analysts will contribute to policy and regulatory processes by assessing Reserve Bank consistency with current policy and regulation, identifying novel issues and emerging risks, and providing expertise to support changes to policy and regulation. Senior HR analysts have general oversight responsibility for the Reserve Banks’ compensation, workforce strategy, and benefits programs and may help develop or lead the development of strategies for Reserve Bank human resources including compensation, benefits, and workforce strategy. Previous knowledge of one or more of these topics, or experience in HR operations is preferred.

This position will require extensive interaction with Reserve Bank and Board staff and officials. Senior HR analysts produce written materials for a variety of audiences.

This position requires some travel. A writing sample may be required.

This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite.Relocation assistance is available.

A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 5 years of related experience, or a master’s degree in a the above fields and 3 years of related experience.

About the Team

The Digital Innovations Policy team examines emerging issues at the nexus of technology and payments, clearing, and settlement – most notably related to the future of payments. These issues include the changing nature of money and payments platforms in an increasingly digital environment; the potential benefits and risks associated with digital assets such as stablecoins and other digital currencies; the potential effects of artificial intelligence (AI) on payments; the effects of digital innovations on the operation and oversight of Federal Reserve financial services; and the supervisory and regulatory framework for emerging payments platforms, activities, and institutions.

About the Role
The analyst will contribute to quantitative and qualitative policy research and analysis on digital assets, distributed ledger technology, AI, and other topics at the intersection of technology and payments. The analyst will also draft policy communications such as talking points and speeches on these topics. The analyst will also participate in the team’s engagement and/or collaboration with stakeholders across the Federal Reserve System and the public and private sectors.

Position requirements include, but are not limited to:
• Knowledge or ability to learn about and inform others on innovations in payments
• Knowledge or ability to develop expertise related to payments, clearing, and settlement
• Experience conducting statistical analysis
• Ability to simplify complex policy and technical topics and create written deliverables for a general audience
• Ability to effectively communicate and collaborate with a variety of subject matter experts, such as economists, policy analysts, technologists, and other stakeholders
• Comfort with ambiguity and the ability to quickly assimilate new information

The ideal candidate will possess:
• Familiarity with public policy analysis and public policy communications
• Specific knowledge of emerging digital assets and the data sources used to analyze the digital asset ecosystem
• Experience working with R and Python and developing data visualizations
• Academic background/degree in public policy, economics, finance, political science, or related fields

Note

A writing sample may be requested.This position is located in Washington, D.C. and will require on-site presence for a minimum of six days per month.

Requirements FR-27

Successful candidate will have at least four years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

Requirements FR-28

Successful candidate will have at least six years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

In addition, for both FR-27 and FR-28:

· A writing sample may be required at the time of application submission.

· Successful completion of background check required.

About the Job:

Handles assignments in the Banking Regulation and Policy Group of the Board’s Legal Division. The Banking Regulation and Policy Group is responsible for legal and policy issues regarding the regulation and supervision of Federal Reserve-supervised firms and also issues regarding financial stability more generally.

Drafts memoranda to the Board, staff opinion letters, legislative and regulatory proposals, and similar documents. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations, and opinions concerning the supervision and regulation of financial institutions, regulatory responsibilities of the Board, Reserve Bank matters, and related issues. Makes oral presentations at meetings with Board members. Performs more difficult assignments at this level, receives general supervision and direction from more experienced attorneys, and works with senior staff to prepare Board presentations and draft regulatory proposals.

In addition, attorneys review and analyze complex bank merger and consolidation transactions, proposals by bank holding companies to engage in novel nonbanking activities, requests for interpretation of various Federal banking laws, proposed amendments to the Federal banking laws and regulations, and other matters within the scope of the Federal Reserve's authority.

This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

The Program Direction Office in the Division of Research Statistics has an opening for a full-time senior economic editor.

Senior economic editors review and provide editorial guidance on the text, tables, and graphics in materials prepared by the staff of the Board’s economics divisions. Using standard editorial techniques and a general knowledge of economics, senior economic editors ensure that these materials conform to established standards of grammar, language usage, style, and format.

Senior economic editors organize major projects such as the Monetary Policy Report; they also coordinate the editorial review of high-level policy materials, including reports to the Board and the FOMC, and speeches and congressional testimonies of Board members that are authored in the economics divisions. The editor is recognized as an expert in writing, editing, and publishing.

Job Qualifications

Candidates for this position must meet the following qualifications:

Minimum four years of experience in technical or academic writing or editing, including editing tables and figureA bachelor’s degree, preferably in English or the social scienceStrong editing and project management skillsSerious attention to detail and commitment to high-quality workAbility to meet tight deadlines and adapt to shifting prioritiesAbility to work both independently and collaboratively

The ideal candidate may also have the following qualifications:

Experience providing feedback to others, such as tutoring, teaching, or university writing center experienceExperience in editing using tracked changes in Microsoft Word and managing documents in Microsoft SharePointExperience with publication software such as Adobe InDesign Experience using a style guideHave solid project management skills, including organization and time management Experience working with non-native English speakersCollege-level coursework in economics; understanding of the role of the Federal Reserve Awareness of section 508 requirements and accessibility best practices Basic facility with document design and web design

Applicants for thisposition will be required to take an editing test.

Note:This position requires an on-site presence via a hybrid work schedule in our offices in Washington, D.C.

Bachelor’s or master’s degree in economics, statistics, math, or a related field with demonstrated economics coursework, graduating May 2025 or earlier.Knowledge of economic principles, quantitative techniques, and data analysis.Statistical software package or programming language experience, such as Stata, R, MatLab, Linux/Unix, VBA, and others.Demonstrated strong communication skills, initiative, integrity, and experience working both independently and collaboratively.

Application Instructions/FAQs

U.S. Citizenship is required for this position.While this role is ideal for recent graduates, we welcome candidates with post-graduate work experience to apply as well.Note the application instructions, required materials, and relevant deadlines outlined on our RA Careers Page. You will also find answers to several FAQs.

Overview

The United States will assume the G20 presidency in 2026 and the G7 presidency in 2027. The G7 and the G20 Finance Tracks are among the primary international forums to bring central bank and treasury officials together across the world’s largest economies to discuss pressing economic challenges, address financial stability crises and risks, and coordinate on cross-cutting and persistent policy issues. The Board, jointly with the U.S. Treasury, will have responsibility for the Finance Track, which focuses on a variety of economic and financial topics relevant to central banks, such as global economic performance, monetary policy, payments issues, financial market functioning, financial sector issues, and financial inclusion and sustainability.

About the Team

The International Engagement and Strategy (IES) section is dedicated to bolstering the Board’s visibility, engagement, and recognition of its economic and financial expertise in global topics. This includes developing and strengthening contacts and managing relationships with staff at other central banks, foreign finance ministries, and other official sector contacts and serving on and supporting various working groups of these international organizations. The section develops and executes the strategy for the Board’s international engagement and conducts research and analysis related to emerging and recurring international issues, helping to shape the Board’s point of view. The section conducts outreach and prepares analysis and materials in support of Board participation in international forums and organizations, including the Bank for International Settlements (BIS), Group of 20 (G20), Group of 7 (G7), International Monetary Fund (IMF), Organization for Economic Cooperation and Development (OECD), other similar forums (i.e., CEMLA, Bellagio), and with other central banks and government entities.

Qualifications

To qualify at the below grade levels, candidates must hold a degree in economics, finance, business administration, international policy/affairs, or related discipline, and have the accompanying minimum years of relevant experience (for example, Federal Reserve System or other policy institutions), and those years exclude time spent in post-graduate study.

Bachelor’s

Master’s

FR-24

FR-25

FR-26

A strong sense of collegiality and teamwork is essential, as is a commitment to fostering an inclusive and diverse workplace. Prior experience with executing logistics to support high-level meetings. Coordination and outreach related to international meetings, international organizations, and central banks and other official sector institutions is strongly desired.

Collaboration: demonstrated ability to collaborate with and influence individuals with differing priorities and interests.Communication: Strong oral and written communication skills. Formal writing experience preferred.Decision Quality: Makes timely, thoughtful decisions. Exercises excellent judgment, carefully gathers information, seeks diverse opinions, and challenges own biases, listens attentively and critically, exhibits clear thinking.Organizational Skills: Set priorities and achievable goals, develops systems to manage competing demands, manages time well, attention to detail, communicates expectations clearly.Relationship Building: Has good diplomatic skills and builds collaborative relationships that establish trust and confidence with others across all levels internal and external to the organization.Project Management: Demonstrated ability to manage large and complex processes and projects.Problem Solving: Works with moderate guidance and high degree of professional independence, technical authority, initiative, reliability, and maturity of judgment.Analysis: Analyzes a wide variety of complex issues and finds solutions for problems; demonstrates advanced proficiency in technical knowledge and analytical ability to interpret and solve technically complex problems.Teamwork: Ability to work well in group settings and to represent the Board interests at various working groups and committees of international organizations.

Important:This is a two-year term (benefits-eligible) position with a possibility for extension to a third year. The position, located in Washington, D.C., offers a hybrid work environment with opportunities to both telework and work onsite. Travel frequency up to 25%, depending on business needs. U.S. Citizenship is required.

Please attach a CV before submitting application. A writing sample may be requested.

We plan to fill multiple positions under this job posting.

Requirements for FR-25

Requires a law degree and bar membership as well as demonstrated analytical ability and strong oral and written communications skills.

Admission to a recognized bar must be obtained within 14 months after appointment.

About the Job

The Monetary Affairs and Payment Systems group of the Board’s Legal Division is hiring an entry level Attorney. Applicants are currently a 3L (graduating class of 2025). Applicant must be able to start no later than Fall 2025.

Attorneys in the MAPS group perform legal research in support of more experienced attorneys. Projects include legal analyses, rulemakings, and other matters related to:

· Payment systems (including payment cards, wire, check, instant payments, and ACH).

· Financial market utilities.

· Federal Reserve Bank operations.

· New financial technologies.

Successful candidate must demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills, personal initiative, and adaptability in working across legal disciplines. In addition:

· Admission to a recognized bar must be obtained within 14 months after appointment.

· U.S. citizenship required.

· Resume, transcript and writing sample required at the time of application submission.

· Successful completion of background check required.

Requirements for FR-25
Requires a law degree and bar membership as well as demonstrated analytical ability and strong oral and written communications skills.
Admission to a recognized bar must be obtained within 14 months after appointment. Title of Legal Assistant will be used until notification of bar admission.

Requirements for FR-26
Successful candidate will have at least one year of experience as a practicing attorney in private practice or government agency with developing skills and expertise in banking law or other areas of law related to the Board’s responsibilities and general knowledge of financial institution supervision and regulation. Active bar membership required.

Requirements FR-27
Successful candidate will have at least two years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Active bar membership required.

Remarks:
At all FR-levels, successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). In addition:
• U.S. citizenship required.
• A writing sample may be required at the time of application submission.
• Successful completion of background check required.

About the Job:

Handles assignments in the Banking Regulation and Policy Group of the Board’s Legal Division.The Banking Regulation and Policy Group is responsible for legal and policy issues regarding the regulation and supervision of Federal Reserve-supervised firms and also issues regarding financial stability more generally.

Drafts memoranda to the Board, staff opinion letters, legislative and regulatory proposals, and similar documents.Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations, and opinions concerning the supervision and regulation of financial institutions, regulatory responsibilities of the Board, Reserve Bank matters, and related issues.Makes oral presentations at meetings with Board members.Receives general supervision and direction from more experienced attorneys and works with senior staff to prepare Board presentations and draft regulatory proposals.

This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

Overview

About the Team

Qualifications

Requires a bachelor’s degree and a minimum of 8 years of related experience, or a master’s degree and a minimum of 6 years of related experience. Requires demonstrated skills in leadership, process management, organization, communications, interpersonal savvy, and ability to motivate and direct others, promote diversity, and building effective teams.

Prior experience with executing logistics to support high-level meetings. Development of policy, coordination and outreach related to international meetings, international organizations, and central banks and other official sector institutions is strongly desired.

Collaboration: demonstrated ability to collaborate with and influence individuals with differing priorities and interests.Communication: Strong oral and written communication skills. Formal writing experience preferred.Decision Quality: Makes timely, thoughtful decisions. Exercises excellent judgment, carefully gathers information, seeks diverse opinions, and challenges own biases, listens attentively and critically, exhibits clear thinking.Organizational Skills: Set priorities and achievable goals, develops systems to manage competing demands, manages time well, attention to detail, communicates expectations clearly.Relationship Building: Has good diplomatic skills and guilds collaborative relationships that establish trust and confidence with others across all levels internal and external to the organization.Project Management: Demonstrated ability to manage and lead large and complex processes and projects.Problem Solving: Works with limited guidance and high degree of professional independence, technical authority, initiative, reliability, and maturity of judgment.Analysis: Analyzes a wide variety of complex issues and finds solutions for problems; demonstrates expertise in technical knowledge and analytical ability to interpret and solve technically complex problems.Teamwork: Ability to work well in group settings and to represent the Board interests at various working groups and committees of international organizations.

This is a two-year term (benefits-eligible) position with the possibility of extension for a third year. The position, located in Washington, D.C., offers a hybrid work environment with opportunities to both telework and work onsite. Travel frequency up to 25%, depending on business needs. U.S. Citizenship required.

Please attach a CV before submitting application. A writing sample may be requested.

About the Program

We offer paid, in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, DC. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 1-2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the job market.

Fellows are at the Board for 12 weeks and placements are in the Divisions of International Finance, Monetary Affairs, Research and Statistics, or Financial Stability. The fellowship is offered during summer 2025, with start dates in May and June.The fellowship is an in-residence program hosted at our Washington, D.C. offices. The Board offers a flexible work environment, requiring a combination of telework and in-office presence.

Please note we find that fourth- and fifth-year students gain the most from this type of fellowship. Occasionally, a third-year student is far enough along on their dissertation to gain the benefit of the program.

To Apply

Applicants must be a current PhD student, graduating fall 2025 or later.

Attach the following toyour profile and submit your application by February 1.

vitawork from the thesisgraduate transcript (unofficial is okay)two (2) letters of reference

1. Attach to your profile if you have a copy [OR]

2. If your recommender would like their letter to remain confidential, they can send it to dissertationfellows@frb.gov

Citizenship is not required; however, candidates must be legally authorized to work in the United States (i.e. CPT/OPT sponsorship) and citizenship may be a consideration.

Find more information about the program on our FAQs page.

The Federal Reserve Board is committed to attracting, developing, and retaining a talented and diverse workforce. As such, we encourage submissions from groups traditionally less represented in economics and finance and from a wide range of Ph.D. programs. We recognize the benefit derived from different perspectives and look to foster this when reviewing candidates.

Overview

About the Team

Requirements/Qualifications

To qualify at the below grade levels, candidates must hold a degree in economics, finance, business administration, international policy/affairs, or related discipline, and have the accompanying minimum years of relevant work experience (for example, Federal Reserve System or other policy institutions), and those exclude time spent in post-graduate study.

Bachelor’s

Master’s

FR-27

FR-28

A strong sense of collegiality and teamwork is essential, as is a commitment to fostering an inclusive and diverse workplace. Prior experience with coordination and outreach with international meetings, international organizations, and central banks and other official sector institutions is strongly desired. Experience with U.S. interagency process related to international economic issues also a plus.

Collaboration: demonstrated ability to collaborate with and influence individuals with differing priorities and interests.Communication: Strong oral and written communication skills. Formal writing experience preferred.Decision Quality: Makes timely, thoughtful decisions. Exercises excellent judgment, carefully gathers information, seeks diverse opinions, and challenges own biases, listens attentively and critically, exhibits clear thinking.Organizational Skills: Set priorities and achievable goals, develops systems to manage competing demands, manages time well, attention to detail, communicates expectations clearly.Relationship Building: Builds collaborative relationships that establish trust and confidence with others across all levels internal and external to the organization.Project Management: Routinely participates in and leads projects or assignments with staff at all levels at the Board and Reserve Banks as well as other external institutions to gather information, pose questions, and provide interpretation of regulations, policies, and procedures.Problem Solving: Workswith limited guidance and high degree of professional independence, technical authority, initiative, reliability, and maturity of judgment.Analysis: Analyzes a wide variety of complex issues and finds solutions for problems; demonstrates expertise in technical knowledge and analytical ability to interpret and solve technically complex problems.Teamwork: Ability to work well in group settings and to represent the Board interests at various working groups and committees of international organizations.Team Lead: Coordinates or leads the work of staff in own and other divisions for projects, may advise and train staff in own and other divisions regarding their roles in these projects. May oversee assignments and workflow of lower graded staff.

Please attach a CV before submitting application. A writing sample may be requested.

KNOWLEDGE/SKILL REQUIREMENTS

Bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science, information technology, data science, business analytics, or equivalent, plus at least one year of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function. Knowledge of principles, theories, practices, and techniques of auditing, data processing, and management, including Government Auditing Standards and other applicable standards and guidance as it relates to data analysis. Knowledge of various sources/methods of obtaining data and techniques used to assist in the analysis of the data in support of audits, evaluations, investigations, and other reviews. Knowledge of data processing methods for developing and/or using computer programs to assist in data collections and analysis. Ability to evaluate information from multiple sources and determine the importance and limitations to each piece of information. Ability to manage changing priorities and help with a variety of assignments, based on a dynamic environment. Ability to learn new computer systems and/or applications used to support audits, evaluations, investigators, and other reviews. Ability to present information in an understandable and compelling manner. Knowledge of the Board, the Bureau, and the Federal Reserve System and their various programs and operations. Ability to gain the confidence and cooperation of others by exercising tact, diplomacy, resourcefulness, and judgment. Ability to assist in drafting reports and other work products that are complete, adequate, and supportable. Prefer certification in one or more of the following: Certified Public Accountant, Certified Fraud Examiner, Certified Business Analyst Professional, Certified Analytics Professional, Certified Internal Auditor, Certified Information Systems Auditor, or other related professional certification. Must have or be able to obtain a Secret security clearance and is subject to the Board’s drug testing program.

In addition, at the FR-24 grade, bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science, information technology, data science, business analytics, or equivalent, plus at least three years of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function. Must have or be able to obtain a Secret security clearance and is subject to the Board’s drug testing program.

In addition, at the FR-25 grade, bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science/information technology, or equivalent, plus at least four years of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function.

REMARKS

Past performance evaluations may be requested.Ability to foster a diverse and inclusive team culture.Knowledge of tools and techniques to develop, promote, and mature a culture of data literacy throughout an organization is strongly preferred.Knowledge of emerging technologies, such as artificial intelligence, machine learning, large language models, generative AI, and natural language processing, and their intersection with data analytics is desired.Knowledge of cloud computing, such as cloud operations, architectures, and storage is desiredPrograming knowledge in Python, and R is desired.Familiarity with Oracle, Peoplesoft, and Salesforce management systems, databases, and analytical software applications, such asACL, Tableau, and Altair Monarch.The OIG’s telework policy requires employees to be physically present in the office a minimum of 4 days per month. Employees may be expected to be physically present in the office more than 4 days per month, as required by business needs.

KEYWORDS: #OIG, #CIGIE, #FRB, #data analytics, #data mining, #data literacy, #information technology, #AI, #Generative AI, #NLP, #Python, #ACL, #Tableau, #Power BI, #Monarch, #R programming, #GCP, #Google Cloud Platform, #Azure, #AWS, #Amazon Web Services

This requisition is not an actual job vacancy, but serves to establish a pipeline of interested individuals for FinancialInstitution Policy Analyst (FIPA) openings in the Division of Reserve Bank Operations and Payment Systems (RBOPS).

Candidates may be contacted at any time through 2024 with more details about specific team vacancies

Financial Institution and Policy Analysts (FIPAs) may play many roles related to their jobs. They are responsible for a
combination of the following roles/areas of responsibility:

Data Analysis

Supports in producing charts, graphs, and other visuals to help analyze dataHelps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative dataHelps identify data that can be used to analyze policy

Examination and Supervision

Participate in and/or lead examinations and reviewsSupport and implement supervision and/or oversight policies and programs PolicyHelps to interpret and/or implement policy, regulation, and/or guidanceParticipate in drafting policy recommendations supported by logical reasoning and sound analysis

Policy

Helps to interpret and/or implement policy, regulation, and/or guidanceParticipate in drafting policy recommendations supported by logical reasoning and sound analysis

Risk Management

Helps to identify and analyze emerging risks in financial institutions and marketsApply appropriate risk management frameworks and policies to support oversight of financial institutions Data AnalysisSupports in producing charts, graphs, and other visuals to help analyze dataHelps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative dataHelps identify data that can be used to analyze policy Financial AnalysisSupports in performing analysis of financial data and information in support of Division/Section's area of responsibilityClearly present analyses of financial/regulatory dataHelps identify relevant issues and trends and draw conclusions through analysis of financial data

Financial Analysis

Supports in performing analysis of financial data and information in support of Division/Section's area of responsibilityClearly present analyses of financial/regulatory dataHelps identify relevant issues and trends and draw conclusions through analysis of financial data

FIPAs identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and complex projects involving Federal Reserve Banks’ policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks’ management.

Qualifications:

Degree in finance, accounting, business administration, public policy, economics, or another related field and minimum
years of related experience, as outlined by grade below, is required:

FR-23: Bachelor's degree 1 years exp, or a master’s degree.
FR-24: Bachelor's degree 3 years exp, or a master's 1 year exp.

Must be able to perform basic or developmental level work in activities involving these competencies, and must be capableof demonstrating them after receiving specific instructions and guidance:

Data Collection Analysis: The ability to collect and analyze quantitative and qualitative dataFinancial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational dataRisk Management: The ability to utilize risk management principles to evaluate and mitigate potential risksReviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions.Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility.Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations.

Prior experience in one of the following areas is a plus: Financial Market Infrastructure or bank supervision, policy or
analysis; capital markets or trading; financial risk management including stress testing, value-at-risk modeling, derivativepricing, counterparty credit risk management; or operational risk management.

Note:

Writing sample may be requested.Roles are not eligible for full-time remote work and will require on-site presence in Washington, D.C. via a hybrid schedule.

Please apply through theJob Openings for Economists (JOE) website with the materials listed below. Deadline is 11/8/2024 and this announcement will close in parallel. Late applications may be considered as scheduling/capacity allow.

All employees of the Federal Reserve Board must be U.S. citizens or must declare their intent to apply for U.S. citizenship when eligible to do so by signing a declaration prior to employment.

Application Materials

CVCover LetterJob Market PaperThree (3) Letters of ReferenceQuestions regarding citizenship in the JOE applicationDiversity statement: The Federal Reserve Board is committed to fostering an inclusive and diverse workplace. Please include a brief discussion (anything from a paragraph to a page) of your perspective on diversity and inclusion (DI), including how you have sought out diverse viewpoints in your work, collaborated with people with different backgrounds and experiences, worked with individuals or groups focused on DI issues, or conducted research on DI related topics, such as differences in economic outcomes or experiences across groups. Please also include any thoughts on how you could help foster an inclusive environment featuring an open exchange of ideas from a variety of backgrounds and perspectives. If you have already developed a similar statement for another institution, including academic institutions, please feel free to submit that statement rather than prepare a new one.

The Federal Reserve Board is an equal opportunity employer and is committed to supporting and fostering diversity within the broader economics research community.

U.S. CITIZENSHIP REQUIRED

About the Team:

The Division of Monetary Affairs supports the Board and the Federal Open Market Committee (FOMC) in their deliberation and decisions about interest rate and balance sheet policies and lender-of-last-resort responsibilities. Division staff conduct research and analysis on monetary policy issues pertaining to strategy, communications, implementation, transmission, and liquidity provision. The Monetary Statistics and Analysis (MSA) section manages a portion of the division's monetary statistics and data-related technology and governance activities.

Essential Duties:

Participate in the collection, processing, and validation of bank credit aggregates for the purpose of analysis and publication, including the H.8 statistical release, "Assets and Liabilities of Commercial Banks in the United States."Understand basics of bank balance sheets and develop knowledge of loan and securities classifications as outlined in the Call ReportsShare responsibility for understanding underlying data sources for the aggregates, managing section data resources, improving the section's tools for analyzing bank microdata, and contributing to FOMC briefing materials on developments in bank balance sheets, and weekly updates based on incoming data.Perform statistical analyses including seasonal adjustment and stratified sampling, and data edit tolerances.Work with other team members to produce time-sensitive materials to be included in the official statistical release.Use statistical programming to build, manage, analyze, and creatively present data to senior division staff, policymakers, and the public at large.Use PostgreSQL, R, dashboards in R using Posit (Shiny), and other tools to build automated reports, dashboards, and interactive products that support exploratory data analysis and review.Candidates can expect to work with the following technology stack: R, dashboards in R using Posit (Shiny), PostgreSQL, Python, Git, LaTeX, Linux, and some legacy tools.Play a lead role in modernizing on-premises data pipelines and software away from legacy tools and preparing them for migration to cloud platforms.Conduct software testing, support, and maintenance.Document solutions by developing documentation, flowcharts, layouts, diagrams, and charts.Effectively communicate, both in writing and verbally, with personnel and stakeholders across all organizational levels.Participate in project management activities such as planning, scheduling, developing and implementing user stories, breaking down work into tangible activites, and identify and manage risks.

Required Qualifications:

A bachelor's degree in computer science, data science, information technology, public policy, economics, or related field, and three (3) years of experienceDemonstrated ability to build and manage data pipeline and dashboard solutions using R, and SQLFoundational knowledge in database design/development, data analysis, data security, technology compliance, and data flow managementDemonstrated ability to support more senior staff with technical support, database administration, technical problem solving, technical documentation, data visualization, code creation/maintenance, data integration, and production development/maintenanceMeticulous attention to detail in all tasks and deliverables

Desired Qualifications:

Understanding of statistics, finance, or accounting combined with willingness to learn about banking and engage with users of banking statistics such as economists preparing reports for the FOMC.Experience with creating dashboards in R or PythonExperience with Agile project management techniquesFamiliarity with cloud-native services including data orchestration, architectures, or tooling for implementing efficient data pipelines in a cloud environmentExposure to modern data governance practices, like data stewardship, data cataloging and metadata management, data access controls (e.g., role-based access controls and attribute-based access controls, data masking, tokenization), compliance automation, data lineage tracking, and data quality managementTroubleshooting both programming issues and data anomaliesProficiency in modern statistical software packages (e.g., R, SAS, STATA, MATLAB) for advanced data analysis, modeling, and visualizationExperience integrating statistical software with big data platforms (e.g., Spark, Hadoop) to enable scalable data processing and predictive analytics

Knowledge/Skill Requirements:
Requires technical and analytical skills typically acquired through completion of a master’s degree in information systems, computer science, accounting, economics, finance, or a related discipline or equivalent work experience and seven years related experience. Position requires three years of direct or indirect management/supervisory experience including the accomplishment of objectives through the leadership of direct reports and/or project teams and the evaluation of performance. Requires extensive knowledge of principles and practices in the disciplines of technology and planning. Requires comprehensive ability to integrate information to provide technical and practical input for information technology initiatives, and to assimilate knowledge of diverse Office operations for strategic and contingency planning purposes. Also requires a minimum of six years of specialized technical experience that demonstrate increasing levels of responsibility, with at least four years of experience in directing all technical and administrative aspects for information technology systems.

A writing sample will be requested during the interview process.

This position is located in Washington, DC with an on-site cadence of four days weekly and as business needs require.

The ideal candidate will have experience serving on an Agile team and configuring Workday HCM. Experience with ServiceNow HRSD desired. Experience serving in a product ownership role is also desired. Works with a high performing team who supports the Board's Workday and ServiceNow systems.

Requires analytical skills and familiarity with business process development and re-engineering. Demonstrates knowledge of emerging technologies and exhibits good research skills. Possess good oral and written communication skills to help non-technical staff understand technology architecture, applications, and the benefits of innovation. Bachelor’s degree in business, technology, or related fields or the equivalent combination of training and related experience required. Requires four years of experience working with ERP systems. Must possess clear, concise, and effective verbal and written communication, including the ability to effectively communicate with technology experts, business customers, and management. Works cross-functionally to analyze problems and improve quality and service. Ability to handle multiple tasks, competing priorities, and challenging/ambiguous situations professionally. Must be detailed-oriented with a commitment to providing excellent customer service.

The FR-26, requires excellent analytical skills and an understanding of business process development and re-engineering. Demonstrates an intermediate knowledge of emerging technologies and exhibits strong research skills. Possess strong oral and written communication skills to help non-technical staff and leaders at all levels understand technology architecture, applications, and the benefits of innovation. Requires experience designing and implementing high performance enterprise software products/applications. Bachelor’s degree in business, technology, or related fields or the equivalent combination of training and related experience required. Requires a minimum of five years of experience working with ERP systems. Understands the Agile project management methodology. Works cross-functionally to analyze problems and improve quality and service. Demonstrated ability to skillfully handle multiple tasks, competing priorities, and challenging/ambiguous situations professionally. Must be a strategic thinker with detail orientation and commitment to providing excellent customer service. Has experience training IT and business professionals on relevant topics.

This is a term position ending December 31, 2025. This position is hybrid, requiring a combination of telework and an in-office presence in Washington, DC. Benefits are included.

FR24: Bachelor’s degree in information technology, information sciences technology, data analytics, finance, accounting, business administration, operations management, or related fields and a minimum of 3 years of experience in business process improvement, financial management, data analytics and visualization, and project management, or an equivalent combination of training and experience. Excellent consulting, oral and written communication, information technology, and statistical and financial analysis skills. Strong skills in PC analytical software and programming languages used for data analysis. Demonstrated ability to manage projects and integrated project teams. Project management (PMP) experience or certification a plus. For the FR25 same requirements but must have a minimum of 4 years of experience.

Duties and Responsibilities:
Business Analyst must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance:

• Leveraging learning agility to understand the Federal Reserve’s information systems landscape and respective data sources and structures to support business and reporting needs (i.e. data flow models, financial reporting, management reporting, forecasting, and oversight analytics).
• Lead and/or support financial management oversight of Reserve Banks’ strategy and operations of information system technology and data infrastructure and liaison with Reserve Banks as appropriate, while appropriately coordinating with RBOPS leadership to influence strategic direction.
• Identify and analyze emerging risks to financial management operations and applying appropriate risk management frameworks and policies.
• Collaborate with financial analysts to understand business/reporting needs and translation into technical requirements, with primary focus on building advanced reporting solutions through coordination with technology support functions to execute technology solutions and providing project management through execution of project/development lifecycles.
• Understand enterprise goals, problems and devise innovative strategies and solutions and understand leading industry practices and continually evaluating for value-add application to Federal Reserve System needs.

Remarks:
The Financial Management Oversight Systems section supports the Board in meeting its responsibilities to oversee the Reserve Banks’ financial management and procurement functions and partners with other RBOPS programs to support collaborative oversight of important Federal Reserve System business lines and functions. Additionally, the program focuses on oversight of the strategy and implementation of Federal Reserve System financial information systems, data initiatives and technologies, and other relevant tools supporting financial management activities.

This position will require extensive interaction with Federal Reserve Bank and Board of Governors staff to support the organization in utilizing data to increase efficiency and execute on strategic objectives more effectively. The analyst will be responsible for bridging the gap between IT functions and business stakeholders, translating needs in a collaborative process. The business analyst role is highly analytical and requires a balance of IT, communication, and problem-solving skills.

Solid grasp of financial information systems, financial reporting, and strong analytical and oral/written communication skills are required. Experience with enterprise resource planning (ERP) tools, budgeting, finance, procurement, internal controls, and/or data visualization is desired.

RBOPS currently requires an in-office presence of a minimum of 6 days a month. This position is located in Washington, DC.

Position requirements:

Strong knowledge of data and metadata management principles, business analysis and process engineering acquired through completion of a bachelor's

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