We're looking for a hand-on analyst to lead the annual Federal Reserve Debit and Prepaid survey for a bank. It's a fast-paced, 100% remote (US-based) contract where you'll cut through messy processor data to build a bulletproof regulatory filing. If you've survived Regulation II reporting before and know how to map card costs to the Fed's buckets, we'd love to talk.
location: Telecommute
job type: Contract
salary: $55 - 65 per hour
work hours: 8am to 5pm
education: Bachelors
responsibilities:
1. Federal Reserve Debit Report Preparation & Submission
- Lead the annual completion of the Federal Reserve Debit Card Issuer Survey for multiple Bank clients.
- Interpret reporting instructions to ensure correct treatment of:
- Included cost categories, such as cardholder inquiries about transaction details, error resolution, potential fraud, cardholder rewards paid in the reporting year, and nonsufficient funds collection activities (source).
- Excluded cost categories, such as inquiries about balances, rewards program administration, credit or ATM transactions, and rewards earned but not paid in the reporting year (source).
- Ensure proper classification of GAAP/IFRSbased amortized or depreciated capital expenditures (source).
- Support allocation of shared processing costs across debit, prepaid, and other card programs where required (source).
- Gather detailed transaction, cost, and operational data from internal banking systems, card processors, and vendor partners.
- Validate financial and operational figures to ensure completeness and accuracy including:
- All debit card transactions linked to U.S.domiciled accounts with U.S. merchants (source).
- Both consumer and business debit card transactions (source).
- Build cost allocation models for:
- Authorization, clearance, and settlement processing
- Chargebacks, disputes, fraud losses
- Cardholder servicing and reward payouts
- Prepaid program components where applicable
- Serve as subject matter liaison between the Banks, their card processors, finance teams, and internal leadership.
- Coordinate data requests, timelines, and process controls to ensure on time completion of the annual submission.
- Communicate regulatory and reporting requirements in clear, bank friendly language.
- Document methodologies for allocating shared costs across card programs.
- Maintain audit ready workpapers and support client examinations or Federal Reserve inquiries.
- Recommend improvements to clients' data capture, tracking, and reporting processes.
- Monitor changes in Federal Reserve reporting requirements and debit card industry standards.
- Propose enhancements to templates, tools, and automation supporting the survey process.
qualifications:
3+ years in business analysis, financial analysis, card operations, payments, or
banking analytics.
Experience working with debit card transaction data, card processors, or card program operations.
Strong understanding of cost allocation, financial reporting, or GAAP/IFRS depreciation concepts.
Proficiency with Excel, SQL, or analytical tools used for data reconciliation and modeling.
Ability to interpret regulatory reporting instructions and apply judgment to ambiguous data.
Preferred Qualifications
Experience completing the Federal Reserve Debit Card Issuer Survey or similar regulatory banking filings.
Background in Community Banking, FinTech, card program management, or prepaid programs.
Familiarity with vendor data from Fiserv, FIS, Jack Henry, or other processing platforms.
Consulting or client facing analytical experience.
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.
At Randstad Digital, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact HRsupport@randstadusa.com.
Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. In addition, Randstad Digital offers a comprehensive benefits package, including: medical, prescription, dental, vision, AD&D, and life insurance offerings, short-term disability, and a 401K plan (all benefits are based on eligibility).
This posting is open for thirty (30) days.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Qualified applicants in San Francisco with criminal histories will be considered for employment in accordance with the San Francisco Fair Chance Ordinance.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.
