Financial Analyst, Advanced Foreign Economies - International Finance - R024780

Primary Location : DC-Washington

:

Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

:

:

:

Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE 26

Compensation Grade High: : FR PAY GRADE 28

Minimum Salary: : $123,500

Maximum Salary: : $203,500

Posting Date : Oct 10, 2024

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

5

Summary

Typically a financial analyst is involved in activities that support the Board's efforts in monetary policy and financial regulation by providing analysis and forecasting of developments in the domestic and international economies and financial markets, analysis of options for regulatory decisions, development and maintenance of relevant economic data and related information systems, or developing and carrying out research work or projects designed to fulfill the policy analysis and current reporting responsibilities of the division.

Duties and Responsibilities

• Provides information, analysis, and technical advice to the division's senior staff, Board Members, or the FOMC via reports, memoranda, and briefing material.
• Monitors and reports to the Board and the FOMC on developments in particular sectors of the U.S. and foreign economies and domestic and international financial markets.
• Forecasts key economic and financial variables for the United States and other countries.
• Maintains econometric models of economic behavior for use in forecasting or policy analysis.
• Analyzes structural changes in domestic and international financial markets.
• Develops or evaluates proposals for policy changes in the areas of the Board's regulatory responsibilities; monitors and evaluates regulations that have been adopted.
• Works closely with economists and the division's senior staff in developing and carrying out research work or projects designed to fulfill the policy analysis and current reporting responsibilities of the division.
• Automates work through original programming or adaptation of available computer software.
• Coordinates section requirements for computer hardware, data systems, and software.
• Works with economists, statisticians, and other analysts to develop, obtain, maintain, manipulate, and administer databases and related information structures that are used in statistical releases, forecasting, and/or policy formulation. Maintain documentation of database contents and data flows, coordinating activities of others as needed; produces reports and provides information on database contents to support the requirements of management, data maintainers, and data users.
• Under the direction of the section chief or senior economist, may oversee assignments given to statistical or research assistants. May provide oversight of inter-divisional, system-wide, and inter-agency projects.
• Answers inquiries from Congress, other agencies and the general public.
• Participates in establishing methods and systems for data collection or analysis of economic variables relevant to the formulation and conduct of monetary and regulatory policy.
• Participates and may take lead role in the design and implementation of surveys or other collections of economic and financial information; coordinates the clearance of report proposals under established procedures and standards; provides input to development of proposals and reporting forms and instructions.
• Maintains awareness of new legislation, regulations, and policies that affect the information needs of the Federal Reserve and may lead to changes in data collection and ensures compliance.
• Monitors and interprets changes to reporting forms and instructions for Federal Reserve staff and the public to maintain consistency, prevent overlap, and assure they meet Federal Reserve information needs.

The Advanced Foreign Economies (AFE) section is looking for a Financial Analyst (FA) to monitor and analyze macroeconomic developments in the euro area, with a preferred start date in early January 2025. The FA in AFE works independently, as well as with other staff members, with main responsibilities as follows:

• Monitor and forecast economic developments in the euro area. The selected analyst will leverage extensive experience to monitor and conduct analysis of macroeconomic data; central bank actions and communications; as well as the macroeconomic implications of price action in global financial markets. The analyst will regularly present summaries of this information at division-wide meetings and possibly also to the Governors and draw implications for our forecast of euro area activity, inflation, and policy rate. The analyst will also compare the economic outlook of the staff to that of outside forecasters.
• Contribute to ad hoc analytical project as needed. The selected analyst will work closely with economists and the division's senior staff in developing and carrying out research work or projects designed to fulfill the policy analysis and current reporting responsibilities of the division.
• Contribute to the development of the section's databases and analytical toolkit. The selected analyst will work with the section's economists and research assistants to set up new databases and develop new statistical models to conduct economic and financial modeling and analysis and evaluate macroeconomic and financial market developments.
• Help coordinate the Section and Division’s forecast. The selected analyst will help bring together inputs from other analysts and ensure a timely flow of information both within the AFE section and across different teams in the Division.

About the Team

The AFE section prepares reports on, and engages in, policy analysis, forecasting, and basic research relating to economic developments and policies in major advanced countries that affect U.S. economic activity, inflation, policy, and financial markets. Special attention is given to the euro area as well Canada, Japan, and the United Kingdom—major U.S. trading partners and financial centers. The section analyzes a broad set of issues in these economies, including monetary and fiscal policy; labor market issues; investment; and productivity.

Requirements

The position requires relevant experience demonstrating reliable judgement, and excellent oral and written communication skills.

• Extensive knowledge of general macroeconomic data and theory (specific knowledge of the euro-area economy is not required)
• Working knowledge, or desire to learn, programming in R and/or Stata
• Strong critical thinking and analytical skills
• Strong oral and written communication skills
• Ability to work collaboratively

FR-26: Requires knowledge of financial analysis, financial institutions and markets, economic principles, and data analysis normally acquired through completion of a master’s degree in finance, accounting, business administration, public policy, economics, or other related fields, with a minimum of three years of professional experience, or a bachelor’s degree with a minimum of four years of professional experience or an equivalent combination of training and experience. Extensive working knowledge of financial concepts and financial institutions. Expertise in use of statistical analysis and presentation software. Strong oral and written communication skills.
FR-27: Requires detailed knowledge of financial analysis, financial institutions and markets, economic principles, and data analysis normally acquired through completion of a master’s degree in finance, accounting, business administration, public policy, economics, or other related fields, with a minimum of four years of professional experience or a bachelor’s degree with a minimum of five years of professional experience or an equivalent combination of training and experience Expert knowledge of financial concepts and financial institutions. Strong in use of statistical analysis and presentation software. Effective oral and written communication skills.
FR-28: Requires strong knowledge of financial analysis, financial institutions and markets, economic principles, and data analysis normally acquired through completion of a master’s degree in finance, accounting, business administration, public policy, economics, or other related fields, with a minimum of six years of professional experience or a bachelor’s degree with a minimum of seven  years of experience or an equivalent combination of training and experience. Extensive working knowledge of financial concepts and financial institutions. Expert knowledge of quantitative and qualitative analytical techniques as well as financial and statistical analysis. Exceptional consulting and communication skills, both oral and written.  Expertise in management of large projects.  May require extensive working knowledge of accounting rules and financial regulations.
This position is in Washington, DC. The position offers a hybrid work environment with opportunities to both telework and work onsite. Some onsite presence will be required.  A writing sample may be requested.