Project Analyst, Bank Operations

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year.

Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

pOur highly skilled team of 220 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team.

We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary pPrimary focus is to represent Bank Operations on both technology and business driven projects. The incumbent will drive objectives in collaboration with internal stakeholders to achieve optimal and timely results. Responsibilities include assessing and documenting gap analysis of current processes and pain points to ensure these insights are incorporated into system, process or workflow improvements.

Additional responsibilities include requirements documentation, all UAT testing, and defect identification, solutioning and reporting, as well as leading go‑live readiness and successful execution. Subject matter includes the technology and processes supporting capital market and investment management systems, while assisting compliance with policies, procedures and programs. Products supported include investments, borrowing, collateral management, Federal Reserve wire payments, corporate actions, securities clearance/settlement, member owned stock management, deposits, lending, and reporting.

pIncumbent may also manage or play a key role in broader Bank projects.

pThis role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially. This position is classified as sensitive and is subject to a credit check.

Anticipated Pay Range pThe anticipated base pay range for this role is $80,500 - $132,250.

This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.

pAll Bank full‑time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

pFor more information, visit Careers - FHLBank Boston.

Specific Responsibilities ul liDrive complex wire system upgrades and enhancements liDemonstrate broad understanding of transaction management processes to translate vendor changes to appropriately isolate test case inventory liExecute all UAT testing through completion liTranslate business objectives related to BAU systems into actionable project plans to be used with vendor projects and provided as status updates to Bank Ops leadership liDocument GAP analysis based on system changes to ensure all STP and non‑STP functions are considered liAdminister information sessions with BAU SME’s to assess system changes to business objectives liAccountability for defect identification and solutioning with vendor to ensure timely root cause analysis and solutioning liDemonstrate critical thinking to resolve complex issues or bespoke processes and present recommendations to vendors and/or management to drive improvements liConsult and inform BAU team with high…