Capital Trading Markets Associate

at Federal Reserve System in Chicago, Illinois, United States

Job Description

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 Markets Group of the Federal Reserve Bank of New York (FRBNY) implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury. The Markets Group is also responsible for the development, production, and governance of the benchmark reference rates administered by the FRBNY, including the Effective Federal Funds Rate (EFFR) and Secured Overnight Financing Rate (SOFR).

We are seeking Associates on the Money Markets and Reference Rates teams, reporting to the Associate Director of the respective team. You will have opportunities to work collaboratively with a diverse range of staff across the Markets Group, Bank, and Federal Reserve System

The Money Markets team monitors and analyzes developments across U.S. dollar money markets (such as fed funds, repo, and other short-term funding markets) and with key participants in these markets, as well as monitoring trends in bank reserves management.

The Reference Rates team focuses on the administration of the FRBNY reference rates (e.g. EFFR and SOFR), tracking developments in US dollar money markets representing their underlying interest.

Members of both the Money Markets and Reference Rates teams conduct open market operations in the repo market to implement monetary policy and contribute to the production of

FRBNY reference rates.

Your role as a Capital Trading Markets Associate:

+ Monitor and analyze developments across assigned specialty markets and broader market developments.

+ Produce high quality written and verbal communications for stakeholders.

+ Plans and executes open market operations and reference rate production in accordance with risk management protocols.

+ Participates in ad-hoc projects related to central bank policy, monetary authority, operations, and analysis of financial markets.

+ Maintains relationships with market participants for market intelligence gathering.

+ Maintains knowledge of crisis lending tools in markets covered to support re-establishment of such tools as directed by the Board of Governors

What we are looking for:

+ Demonstrated interest in economics, financial markets, monetary policy, statistics, data science, or a related discipline through prior experiences, including coursework.

+ Demonstrated experience managing and manipulating large datasets across a range of data sources including experience with Microsoft Excel, Tableau, or other visualization software.

+ Experience with, or willingness to learn, advanced software for data analysis (such as SQL, Python, R, GitHub, or Alteryx).

Salary Range:

Chicago: $102500 – $139450 / year

NY: $116500 – $158500 / 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. (https://www.newyorkfed.org/careers/touchstone-behaviors) ?

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 (https://www.newyorkfed.org/careers/benefits\_health.html) ?

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. (https://www.newyorkfed.org/aboutthefed/ethics-conflicts-of-interest) ?

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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. ?

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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.? ?

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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 (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 f