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Federal Reserve System Business Analyst II - III in Minneapolis, Minnesota


Federal Reserve Bank of Minneapolis

Are you interested in growing professionally within a dynamic and highly respected organization that respects work-life balance? If so, the Federal Reserve Bank of Minneapolis has the perfect opportunity for you. The Financial Support Office (FSO) National Accounting Customer Support (NACS) team is looking for a detail-oriented, highly motivated, and energetic Analyst to join our team.

This position will be responsible for ensuring the timely processing of accurate data for accounting operations and depository institutions. The position offers the opportunity to support the organization through relevant business operations, business processes, and analytical and technology focused assignments in a cross-district environment.

Key Responsibilities:

  • Provide intermediate to advanced analytical support for Financial Institutions and the Federal Reserve or other federal agency staff and management in resolving routine customer, operational, and business issues.

  • Ability to research and resolve intermediate to complex questions or problems.

  • Collect, prepare, process, analyze, research and balance data processed into the appropriate accounting systems.

  • Participate in and perform intermediate to advanced analytical tasks for projects in support of the Federal Reserve or other federal agency initiatives.

  • Projects often involve coordination and communication with other Federal Reserve business lines or other federal agency management and staff.​ Lead or assist in completing or organizing special assignments, studies, and analyses.

  • Contribute to daily operational work, project teams, and work groups.

  • Lead or assist in the analysis and review of business functions and operational process improvements and/or enhancements.

  • Lead or assist testing, training, and implementation efforts.

  • Lead or assist in preparing and/or revising communications, including proposals, reports, and presentations.

  • Lead or assist in developing and revising procedures, defining processes, and delivery of training to external and internal users.

  • Monitor and verify compliance with applicable customer accounting and billing policies, procedures, and standards.

  • May assist with monitoring status, identifying trends, and preparing reports on quality measures, performance metrics, or other department goals and objectives.

  • Assist with managing, coordinating, or conducting activities related to identifying and managing department risks, such as COSO control documentation and completion of security assurance risk management process.

  • Lead or assist department training function identifying training needs, preparing documentation, delivering training, collaborating with subject matter experts to deliver accurate and complete training.

  • Support other FSO areas as needed

  • Committed to providing exceptional customer service to internal and external customers supported by the NACS function

  • Perform other duties as assigned.


  • Bachelor's degree in Accounting, Business Administration, Finance, or related fields, or an equivalent combination of education and experience.

  • Minimum of three years of professional experience required for the Level II and minimum of five years of professional experience needed for the Level III.

  • Experience in an accounting operation is preferred.

  • Project management skills and or User Acceptance Testing experience are also preferred.

  • Commitment to providing exceptional customer service to internal and external customers supported by the FSO NACS function.

  • Intermediate to advanced knowledge of accounting principles, practices and procedures and AS5/COSO controls and procedures is desired.

  • Experience in MS Excel, Access, and Word. Experience generating reports and queries from databases and use of SharePoint/Microsoft Teams is preferred.

  • Effective verbal, written and interpersonal skills.

  • Ability to exercise good judgment in the use of confidential or sensitive information pertaining to external and internal customers and operations.

  • Demonstrated analytic, problem solving and decision-making skills, along with attention to detail.

Recommended Technical Skills:

SQL, SharePoint Online Owner, PowerApps, Tableau, Visio, Learning Management Systems

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)

  • 401K match, and a fully funded pension plan

  • Paid time off and holidays

  • Generously subsidized public transportation

  • Annual educational assistance

  • On-site fitness facility

  • Professional development programs, training and conferences

  • And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists (https://www.minneapolisfed.org/about-us/careers/job-profiles) , we work together to represent you in our economy.

Additional Information:

*A requirement of this position is that you must be fully vaccinated against COVID-19 and received all approved boosters or qualify for an accommodation from the Bank’s vaccination policy; the Bank will provide accommodations as required by law for individuals unable to be vaccinated due to a medical condition or sincerely held religious belief.

*​This position qualifies for a hybrid working arrangement that supports remote work but requires regular 3 days on-site attendance.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

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