Job Description
Minimum Education Bachelor's degree or equivalent experience
Minimum Experience 3
Summary The Business Analyst is responsible for providing analytical, operational, and program support to division leadership, including design and implementation of business processes and programs. The business analyst collects, maintains and dissiminates business data and information pertaining to a broad range of division programs and activities, and makes recommendations to increase efficiency and streamline processes through sustainable process improvement. Provides analytical support in the development of effective operations, processes, efficient financial management, and collaborative resource allocation. Provides quality information and services to assist our leaders in making informed decisions and proactively managing their business.
Position Requirements 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.
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