Business Analyst III - FP&A and Budget - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Philadelphia

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:

Provides analytical support to management and more experienced SRC staff. Identifies opportunities to leverage technology solutions to improve reporting and data visualization. Performs complex analysis related to staffing trends; financial accounting and budgeting; and/or project management-oriented assignments. Assesses and improves current processes within the department. Works independently to complete special projects. Assists in preparation of responses to Board of Governors requests for various financial and staffing deliverables. Handles additional ad hoc projects and supports various other department processes. Provides assistance as needed to conduct financial and compliance reviews to assess adherence to department procedures.

What You Will Do:

• Reviews and analyzes monthly financial data.
• May assist with the preparation of written analysis of financial and operational performance that tracks performance against budget and established metrics targets.
• May assist in preparation of forecasts of financial, volume, and operational performance in the preparation of the annual budget of expenses, capital acquisitions, support costs, and staffing.
• May discuss expense, volume, and business trends with management and delivers written analysis as required.
• Responds to requests for similar analysis from SFRM or Board of Governors.
• Maintains data and performs analysis using various data bases and creates special queries to assist management with analysis of areas where additional attention or training may be needed.
• Participates in various project management related analytical activities, such as project plan creation and maintenance, identification and documentation of project risks and risk mitigation strategies, status reporting, and other progress tracking and reporting activities. 
• Assesses and improves analytical tools and reports used in the department. 
• Develops reports and presentations.
• May prepare analysis for customer conference calls related to business activity and forecasts.
• May monitor the inventory, useful life, and salvage value of fixed assets and the impact on operating expenses.
• Monitors department contracts and analyzes services rendered.
• Participates on and may lead system workgroups for strategic or operational issues.
• May participate in or lead moderate to complex projects utilizing various project management related skills including but not limited to: project plan creation and maintenance, meeting scheduling, scope documentation and management, identification and documentation of project risks and risk mitigation strategies, status reporting, meeting facilitation, stakeholder engagement, and other progress tracking, reporting activities and project management duties. 
• Assists with assessing and improving analytical tools and reports used in the department. 
• Develops reports and presentations for management.
• Presents results of analysis to management and other required audiences.
• Interacts with staff and management at all levels.
• May assist in coordinating customer meetings.
• Provides input during conference calls, management meetings, and System work groups. 
• May mentor more junior staff.
• Performs other related duties as assigned.

What You Have:

Education and Experience:

• Bachelor's degree, preferably in Business or Finance, required. Equivalent education and additional work experience may be considered in lieu of a degree.
• Minimum of 4 years related work experience as a financial, business, or project analyst is desirable.

Knowledge and Skills:

• Knowledge of budgeting, financial analysis and reporting, or project analytics.
• Demonstrated ability to learn new information and apply it quickly.
• Exceptional problem solving, analytical, critical thinking, and project management skills.
• Advanced skills using MS applications such as Excel, PowerPoint, Access, MS Project, Word, SharePoint and Visio.
• Advanced skills using data visualization applications such as Tableau or Power BI.

Thesalary gradefor this position is: 13. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”.  If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity.  If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.
• The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
• We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
• Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high). 
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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