Federal Reserve Bank (FRB)
Regulatory Data Examinations Associate - Research and Statistics Group (Finance)
What we do:
The Research and Statistics Group provides analytic support for the Bank's responsibilities relating to monetary policy, banking supervision, payments systems, and financial market issues. The Group contributes to the formulation and execution of policy in these areas, while also conducting independent economic research on a wide range of topics. The business areas include: Capital Markets, Financial Intermediation, International Research, Macroeconomic and Monetary Studies, Microeconomic Studies, Money and Payments Studies, Regional Analysis, RSG Group Shared Services, and Data and Statistics.
The Unit's objective is to evaluate the data integrity of financial institution's regulatory reports in support of the Federal Reserve System's (FRS) mission in assessing the safety and soundness of the financial system. Specifically, the Unit is responsible for conducting, on behalf of the Supervision and Regulation Group (S&R), national and local Federal Reserve Bank onsite reviews of regulatory reports at Large Institution Supervision Coordinating Committee (LISCC) , Large & Foreign Banking Organization (LFBO), and Regional Banking Organization (RBO) institutions. The primary objective of these reviews is to assess the quality at source of an institution's regulatory reports and evaluate the effectiveness of the regulatory reporting process, including an assessment of governance, internal controls, data infrastructure, and internal audit. Also, the Unit is responsible for performing engagement management with stakeholders, working closely with S&R and Statistics senior management across the FRS, while managing relationships and outreach with reporters, including senior management at institutions.
Your role as Senior Financial Associate: