About this role
## Company
Federal Reserve Bank of St. Louis
The St. Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas. The St. Louis Fed’s responsibilities include promoting stable prices, economic growth and a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.
The Federal Reserve Bank of St. Louis supervises state member banks, along with bank and savings and loan holding companies, located within the Eighth Federal Reserve District. Situated within the Supervision, Credit, and Learning Division, the Mergers & Acquisitions (M&A) Unit processes state member bank and holding company regulatory filings and notifications for mergers, acquisitions, changes in bank control, and de novo branches.
The M&A Unit is seeking an Analyst to join our specialized team. The successful candidate will work collaboratively with fellow financial analysts to support the Eighth District’s regulatory application review process, conduct base-level casework, and develop a foundational understanding of the various types of applications filed with the Federal Reserve System.
With time, you will independently manage a caseload of application and notice filings from initial intake and acceptance through comprehensive review, analysis, and final disposition. In this capacity, you will evaluate filing proposals against relevant statutory factors and analytical considerations, including assessing the financial and managerial condition of applicant and target entities, analyzing their prospects, and identifying potential concerns for timely escalation to unit management. You will prepare comprehensive documentation that includes thorough summaries of filing proposals, detailed analysis against statutory factors and regulatory considerations, and supported recommendations for action by the Reserve Bank under delegated authority or referral to Federal Reserve Board of Governors’ staff.
You will also serve as a subject matter expert on assigned filings, presenting case summaries and status updates in weekly team and ad hoc meetings. The position requires frequent collaboration with stakeholders, including internal teams such as safety and soundness, consumer affairs, and legal staff, as well as external parties including other bank regulatory agencies, applicants and their representatives, and Federal Reserve Board of Governors’ staff. As you develop, you will have opportunities to participate in special projects and Federal Reserve System M&A workgroups, contributing to broader System M&A initiatives.
You will work onsite in our St. Louis, MO office, or one of the branch offices in Little Rock, AR, Louisville, KY, or Memphis, TN. You will report to a Manager.
Responsibilities
- Serve as the primary analyst assigned to manage base-level filings
- Demonstrate sound understanding of filing proposals and financial analysis
- Display strong time management and prioritization skills to adhere to strict deadlines driven by regulation or System policy
- Prepare high-quality written correspondence and analysis summaries, which document analyses and recommendations
- Establish base-level knowledge of banking laws and regulations and Board policies and guidance
- Gain familiarity with FedEZFile, a cloud-based platform which facilitates the Federal Reserve’s application filing process
- Develop foundational understanding of the Competitive Analysis and Structure Source Instrument for Depository Institutions (CASSIDI) application to support the unit’s work on merger filings
- Conduct quality assurance reviews of the unit’s work to ensure all correspondence files reflect the entire record of an application or notice
- Support the modernization of the unit’s policies and procedures
- Build working relationships with key stakeholders within the District, throughout the System, and with external constituents
- Conduct presentations for internal stakeholders and Federal Reserve Board of Governors’ staff, demonstrating a thorough understanding of filing proposals
- Support special projects as assigned
Qualifications/Desired Skills
- Bachelor's degree in economics, finance, accounting, business administration or similar fields of study or commensurate experience
- 2 years' related experience
- Knowledge of financial statements and financial analysis
- Ability to synthesize information
- Attention to detail
- US citizen or lawful permanent resident intending to become a citizen, who meets certain other requirements
- Travel (5%)
- Candidates with less experience may be considered at a lower job grade or salary
Total Rewards
Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.
Salary: $70,000 - $100,000
In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can find balance:
- 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 and Holidays
- Flexible Spending Accounts and Healthcare Spending Accounts
- Life Insurance and Long-Term Disability Insurance
- Tuition Reimbursement (undergraduate and graduate)
- Parental Leave
- Free onsite 24/7 Fitness Center (St. Louis location)
- Onsite Coffee Shop (St. Louis location)
- Additional Convenience Benefits, Discounts and More…
At the Federal Reserve Bank of St. Louis, we are committed to a strong and resilient economy for all. We prioritize inclusion and strive to be a workplace where all employees can thrive. Learn more about the Bank's culture .
The Federal Reserve Bank of St. Louis is an Equal Opportunity Employer.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.
All employees who require access to CSI and/or FOMC information are subject to periodic background investigations and must comply with all applicable information handling policies.
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## Full Time / Part Time
Full time
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## Regular / Temporary
Regular
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## Job Exempt (Yes / No)
Yes
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## Job Category
Accounting/Finance Family Group
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## Work Shift
First (United States of America)
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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