What are the responsibilities and job description for the Financial Institution & Policy Analyst, Spend & Resource Management - RBOPS position at Federal Reserve Board?
Position Description
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
1
Summary
Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
Duties And Responsibilities
The Spend & Resource Management section supports the Board in meeting its responsibilities for overseeing and promoting the effective and efficient use of Reserve Bank resources through its coordination of the Reserve Banks’ annual budget process and monitoring of Reserve Bank financial performance. The section also oversees the development of Reserve Bank cost accounting policies and procedures, oversees the Reserve Banks’ compliance with cost accounting and discretionary expenditures policies and procedures, and ensures that standard and meaningful financial information is available. Additionally, the program facilitates compliance with the provisions of the Monetary Control Act of 1980 related to the recovery of imputed costs on the fees charged by Reserve Banks for payment services provided to depository institutions.
To meet the objectives of the section, the Financial Institution and Policy Analyst would undertake critical analysis and assessments to ensure that the Federal Reserve System’s authorized position threshold, expense, and capital budgets for all Reserve Banks, System IT, and Federal Reserve Financial Services are appropriate, reasonable, and aligned; Federal Reserve System services are provided efficiently and cost-effectively; and local investments reflect System priorities. Through this oversight, the analyst will need a broad understanding of the Federal Reserve System , develop strategies to influence System budget discussions with the aim of bolstering spend stewardship and accountability.
An understanding and familiarity with financial statement modeling and cost accounting policy, primarily focused on activity-based costing techniques, is desirable. The need for collaboration within the Division and across the organization requires a strong foundation in accounting and budgeting, evidenced by an accounting, finance, or economics degree, or prior experience working in the accounting field/financial area with a focus on spend stewardship, management reporting, and cost accounting systems. Understanding of Federal Reserve cost accounting and/or financial accounting policies is highly desired. Understanding of data structures and financial information systems, and interest in automating financial information reporting processes desired. Experience using Excel, or like tools, for retrieval of data from Online Analytical Processing (OLAP) databases, Microsoft-based (MS) Business Analytics, Workday, Tableau, and similar reporting tools is highly desired.
A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 2 years of related experience, or a master's degree in a related field and 1 year of related experience.
The candidate should possess strong analytical skills, excellent written and oral communication skills, and be capable of effectively communicating with team members, senior management, and stakeholders. The candidate should be able to work independently and in a team environment and should be capable of effectively managing and prioritizing multiple assigned responsibilities. Some travel required.
Writing sample may be requested. U.S. citizenship required.
This role is located in Washington DC and will require relocation and on-site presence. Relocation assistance is available.
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Relocation Provided
Yes
Compensation Grade Low
FR PAY GRADE 23
Compensation Grade High
FR PAY GRADE 26
Minimum Salary
$82,000.00
Maximum Salary
$204,100.00
Posting Date
Jan 27, 2026
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
1
Summary
Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
Duties And Responsibilities
- Financial Institution and Policy Analysts perform the following responsibilities under regular supervision:
- Perform quantitative and/or qualitative analysis in support of FRB mission, Division goals, and Section objectives
- Assist senior staff by providing support, information or analysis
- Prepare and deliver clear, accurate and concise communication orally and in writing
- Share information and ideas regarding projects and work for Section/Project Teams
- Perform assigned project tasks
- Support Section or Division in areas of expertise
- Begin to develop areas of expertise
- Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:
- Data Analysis
- Supports in producing charts, graphs, and other visuals to help analyze data
- Helps identify relevant issues, trends and draw conclusions through analysis of quantitative and qualitative data
- Helps identify data that can be used to analyze policy
- Examination and Supervision
- Participate in and/or lead examinations and/or reviews
- Support and implement supervision and/or oversight policies and programs
- Financial Analysis
- Supports in performing analysis of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
- Clearly present analysis of financial, regulatory, and compliance data
- Helps identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data
- Policy
- Helps to interpret and/or implement policy, regulation, and/or guidance
- Participate in drafting policy recommendations supported by logical reasoning and sound analysis
- Risk Management
- Helps to identify and analyze emerging risks in financial institutions and markets, and/or for consumers and communities
- Apply appropriate risk management frameworks and policies to support oversight of financial institutions
- Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.
- Monetary Affairs (MA): Financial Institution and Policy Analysts conduct their duties while working with counterparts throughout the Board to execute the Division’s responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.
- Reserve Bank Operations and Payment Systems (RBOPS): Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to 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 may 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.
- Supervision and Regulation (S&R): Financial Institution and Policy Analysts perform analyses related to banking supervisory or regulatory activities. They may participate in special studies or projects related to financial institution supervision and regulation, and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda, reviewed by their supervisor, to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.
The Spend & Resource Management section supports the Board in meeting its responsibilities for overseeing and promoting the effective and efficient use of Reserve Bank resources through its coordination of the Reserve Banks’ annual budget process and monitoring of Reserve Bank financial performance. The section also oversees the development of Reserve Bank cost accounting policies and procedures, oversees the Reserve Banks’ compliance with cost accounting and discretionary expenditures policies and procedures, and ensures that standard and meaningful financial information is available. Additionally, the program facilitates compliance with the provisions of the Monetary Control Act of 1980 related to the recovery of imputed costs on the fees charged by Reserve Banks for payment services provided to depository institutions.
To meet the objectives of the section, the Financial Institution and Policy Analyst would undertake critical analysis and assessments to ensure that the Federal Reserve System’s authorized position threshold, expense, and capital budgets for all Reserve Banks, System IT, and Federal Reserve Financial Services are appropriate, reasonable, and aligned; Federal Reserve System services are provided efficiently and cost-effectively; and local investments reflect System priorities. Through this oversight, the analyst will need a broad understanding of the Federal Reserve System , develop strategies to influence System budget discussions with the aim of bolstering spend stewardship and accountability.
An understanding and familiarity with financial statement modeling and cost accounting policy, primarily focused on activity-based costing techniques, is desirable. The need for collaboration within the Division and across the organization requires a strong foundation in accounting and budgeting, evidenced by an accounting, finance, or economics degree, or prior experience working in the accounting field/financial area with a focus on spend stewardship, management reporting, and cost accounting systems. Understanding of Federal Reserve cost accounting and/or financial accounting policies is highly desired. Understanding of data structures and financial information systems, and interest in automating financial information reporting processes desired. Experience using Excel, or like tools, for retrieval of data from Online Analytical Processing (OLAP) databases, Microsoft-based (MS) Business Analytics, Workday, Tableau, and similar reporting tools is highly desired.
A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 2 years of related experience, or a master's degree in a related field and 1 year of related experience.
The candidate should possess strong analytical skills, excellent written and oral communication skills, and be capable of effectively communicating with team members, senior management, and stakeholders. The candidate should be able to work independently and in a team environment and should be capable of effectively managing and prioritizing multiple assigned responsibilities. Some travel required.
Writing sample may be requested. U.S. citizenship required.
This role is located in Washington DC and will require relocation and on-site presence. Relocation assistance is available.
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Relocation Provided
Yes
Compensation Grade Low
FR PAY GRADE 23
Compensation Grade High
FR PAY GRADE 26
Minimum Salary
$82,000.00
Maximum Salary
$204,100.00
Posting Date
Jan 27, 2026
Salary : $82,000 - $204,100