Market Operations and Analysis Associate

Company Federal Reserve Bank of New York Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. What we do: The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as supporting financial stability in the U.S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services. CBIAS has a long history of providing safe and efficient banking services to its customer base by fulfilling a range of responsibilities to help manage over $7 trillion for over 550 accounts across 250 FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia. The Collateral Administration and Analysis (CAA) staff is one of four staff units within the Settlement, Clearing and Collateral Management (SCCM) Directorate in CBIAS. The SCCM Directorate is responsible for executing all post-trade support services for SOMA market operations and FIMA accounts activities. The CAA staff is responsible for executing collateral-related operational and analytical activities as they relate to support of the SOMA portfolio operations. CAA’s other functions include managing relationships with tri-party agents and middle office service providers, managing risk across business activities, supporting Desk and Group related projects. The CAA staff is looking for a Market Operations and Analysis Specialist to provide management support to a team of professional analysts charged with conducting the daily operations and associated projects. This position offers a unique blend of business analysis, process re‐engineering and collaboration with business and technical support areas to develop and incorporate solutions to improve the execution of business processes. Your role as Market Operations and Analysis Associate: Support middle office operational activities related to collateral for SOMA foreign and domestic portfolios. Collaborate to problem solve business issues, address inquiries/needs from the Open Market Operations Desk, CBIAS, tri‐party agents, counterparties, etc. Support the management of and communication with counterparties, tri‐party agents, service providers, etc., related to issue resolution and collateral business matters. Support analysis of collateral and generate reporting to manage collateral assets more efficiently, ensure sufficiency and compliance with schedules. Identify process and control improvements to maximize the efficiency of CAA's business lines and manage risk What we are looking for: Experience in Economics, Finance, Public Policy, Collateral Management, or knowledge of capital markets is a plus. Experience in performing operational and analytical responsibilities. Possess interpersonal skills and ability to interact and effectively with team members, peers, senior management, and external parties. Collaborates in an inclusive manner with others, performs work independently with some guidance, and able to manage work in time pressured situations or during changing priorities. Experience in data management and analysis, including querying, managing, and manipulating data using Excel, Spotfire, Access or other related products is a plus. Flexibility to travel to New York or Richmond, VA site on a periodic basis. Salary Range: NY: $96100- $141800 / year Richmond, VA: $79800 – $117700 / year We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.    Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.    Benefits:  Our organization offers benefits that are the best fit for you at every stage of your career:  Fully paid Pension plan and 401k with Generous Match  Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)  Subsidized Public Transportation Program  Tuition Assistance Program   Onsite Fitness & Wellness Center  And more    This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.   The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.    The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.    We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.     This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.  Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Markets 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 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.