Federal Reserve Systems Operations Strategy Analyst - Federal Reserve Bank (FRB)

Company

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

We value the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

We are a dynamic hybrid workplace environment that requires at least 2 days a week in the office.

As a Federal Reserve System National Business Line, it is standard practice to post FRFS positions in all twelve Districts to provide transparency and equitable opportunities for all FRS employees to apply. Internal candidate(s) selected for this position will remain employed by their current employing District and serve as an employee of FRFS. The selected candidate’s new job title and associated pay range will be determined by the employing District and will continue to be subject to the employing District’s people policies and practices (i.e., remote/hybrid work posture, etc.).

Your role as an Analyst

• Serve as the Payment Operations point of contact to FRFS Finance and provide strategic input and/or direction to Payment Operations Officer team for finance-related considerations
• Coordinate with Payment Operations leaders to support finance-related requests (e.g., travel forecasting and tracking, AA/cost center maintenance, budget variances)
• Build a strong understanding of the overall Payment Operations functions and advise on key budget impacts or opportunities
• Serves as a “consultant” to management by completing projects and preparing recommendations for improving current practices or implementing new programs
• Participate in Operations strategy, objectives, and key results processes and periodic reporting
• Lead/support Payment Operations Group needs (e.g., event planning/support, process documentation)
• Coordinates with Operations Data Analytics team on quantitative and/or qualitative analysis; identifies impacts and trends; monitors data; prepares reports and/or visualizations; collects and analyzes data or information; draws conclusions; presents results, recommendations and/or solutions
   

Requirements

• Education: Bachelor’s degree from an accredited college or university, or equivalent combination of directly related education and/or experience
• 3-6yrs experience
• Strong knowledge of budget and accounting principles
• Effective communication and interpersonal skills, including the ability to work effectively in a team environment
• Ability to work independently with general supervision, and support projects/processes.
• Strong project management skills, including organization, planning and execution, analytical and problem-solving skills
• Independent working
• Strong preference to hire in Atlanta, Minneapolis or Kansas City.
• Hybrid, on-site requirement will be determined by hiring district

Screening:

This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take up to a couple of months to be completed. You can begin work before the screening is completed; however, continued employment is contingent on acceptable screening results. The areas screened may include education/employment verification, criminal history, credit history, and reference checks.

Full Time / Part Time

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

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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