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Business Associate: RCA

Boston, MA 02210

Posted: 11/21/2023 Employment Type: Contract Job Category: Accounting & Finance Job Number: 582714 Country: United States Is job remote?: Yes

Job Description

Business Associate: RCA (Reserves, Credit & Applications)
1-yr contract

Location: Boston, MA


Must Haves:
  • Bachelor's degree or equivalent experience
  • At least 2 years of job-related experience
  • Strong attention to detail
  • Operationally focused
  • Customer service
  • Bachelor's degree in Accounting, Finance, Economics or related field
  • Experience with processing credit, reserves and applications

Job Description: 

  • Accurately execute Discount Window lending and collateral transactions in a very detail-oriented and deadline driven environment in line with established procedures
  • Monitor Discount Window borrowers and FRBB account activity, identify issues and trends, and recommend appropriate action based on policy parameters.
  • Accurately and timely complete periodic (daily, weekly, etc.) tasks to ensure compliance with Payment System Risk policy on intraday credit.
  • Effectively administer Regulation D, monitoring accounts and reviewing interest on reserves accrual and payments.
  • Recognize, identify, and escalate issues through established channels as needed
  • Effectively communicate with stakeholders via email, phone, etc.
  • Take direction and collaborate well with others, and seek assistance from colleagues as needed
  • A Bachelor’s degree, or equivalent.
  • Accounting and Finance studies background a plus.
  • 2+ years of job-related experience.
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