Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary:

Possesses and applies comprehensive knowledge of information technology to assist project managers on highly complex projects by facilitating business process improvement via the methodical investigation, analysis, review and documentation of all or part of a business in terms of business functions and processes related to the Supervision & Regulation business line. This position will be responsible for managing the requirements development process through the elicitation, analysis, specification and verification of multiple levels of requirements (business, stakeholder, solution) and support the ongoing management of the requirements. In addition, this position creates viable and consumable specifications including acceptance criteria in preparation for the sign-off, construction and testing of solutions. This position is expected to act independently to deliver and manage requirements to schedule, budget and scope; and is self-driven and motivated.

The following job descriptions details the requirements for a Business Analyst III. Applicants with less experience or education may be considered for the Business Analyst II position.

What You Will Do:

Works on highly complex, high risk, and high visibility projects.
Works with the program and other project managers to evaluate cross-project requirements in order to eliminate redundancy.
Build the foundation for a highly complex project effort by capturing the business context - problem, current state, desired future state, objectives, business needs and impacted user groups.
Develop requirements (business, user, process and software requirements - functional and non-functional) and establish traceability to the business vision.
Manage the requirements through the project lifecycle by establishing and maintaining agreements between the customer and the project team.
Facilitate a critical communications role by interacting with users (business domain), project team members and development personnel (technical domain).
Ensure the requirements are specified in a manner suitable for the intended audience and are understandable, unambiguous and capable of being implemented and tested.
Ability to navigate the project team, IT personnel and business sponsors through a level of ambiguity including business process change; building organization and structure to requirements to drive out and define detailed requirements in an efficient manner.
Work with the project manager and the business customer(s) to define requirements stakeholders, requirements conflict resolution procedures and the requirements team structure.
Understands multiple complex project management methodologies/software development approaches and defines the appropriate deliverables through project phases (i.e. planning, analysis, specification and validation).
Proficient requirement meeting facilitator, demonstrated experience in facilitating sessions (10 to 20 people) using techniques to help define scope and requirements during the lifecycle.
Responsible for ensuring change control and change management procedures are followed within the project team as they relate to requirements.
Determine, understand and document the business case and project scope.
Ensure that quality business analysis standards are met through the effective implementation or use of approved processes, best practices, methodologies and deliverables.
Coaches junior staff in the business analysis methodology, techniques, and best practices.
Maintains knowledge by keeping current with industry trends via trade press and seminars.

What You Have:

Knowledge and Skills:

Experience in performing in-depth research and analysis is required.
Solid experience in facilitating, gathering, and documenting requirements and working with project team developers is required.
Strong experience in writing Use Cases is required.
Experience with MS SharePoint 2010 or 2013 is preferred.
Experience with system development life cycle methodology for applications development is required.
Experience with Business Analysis Body of Knowledge (BABoK) the standard for business analysis knowledge, tasks, and skills is required.
Certified Business Analysis Professional (CBAP) or PMI-PBA credential is preferred.

Education and Experience:

A bachelor’s degree in information technology, engineering, or MIS or equivalent significant experience in information technology and business analysis is required.
Minimum 5 years’ experience in an IT environment, with 3 to 5 years of experience and in business analysis/process improvement.

Other Requirements:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National, or hold permanent resident status with intent to become a U.S. Citizen.
Some travel required, up to 25%.

The salary grade for this position is: 15/16. Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data.

We offer a great benefits package that features:

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 & Holidays
Monthly $100 Commuter Allowance
Flexible Spending Accounts and Healthcare Spending Accounts
Flexible Work Schedule available in most departments
Life Insurance and Long Term Disability Insurance
Tuition Reimbursement (undergraduate and graduate)
Parental Leave
Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
Onsite Cafeteria & Coffee Shop
Additional Convenience Benefits, Discounts and More…

Additional Information:

The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “rb@myworkday.com”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.
The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.
We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.
We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.
All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.
Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high).
All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States.
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Bank Examination, Information Technology

Work Shift

First (United States of America)

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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