Capital Markets Specialist

CompanyFederal Reserve Bank of Boston

Capital Markets Specialist
Working at the Federal Reserve Bank 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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.

The Regional and Community Bank supervisory unit is looking for a candidate to join our team. Your primary focus will be participating in and leading reviews of asset liability management practices at regional and community banks with a focus on balance sheet management, liquidity, interest rate risk, and the investment portfolio. You will also lead and participate in periodic capital markets analysis and project work providing insightful analysis on first district conditions. Reporting to an Examination Manager, you will formulate conclusions and effectively communicate findings to bank management to effect positive change and ensure that state member banks in New England are operating in a sound manner and in compliance with applicable laws and regulations.
 

You will be provided with an excellent opportunity for personal and professional growth. The position requires the ability to successfully complete the community bank examiner commissioning program. The position and job description posted is for a Specialist. However, you will be placed into an appropriate level within the Specialist family based on degree of experience.
 

This job is eligible for a hybrid schedule with at least 50% on-site work expected.
 

Principal Accountabilities

• Proficient in regional and community bank asset liability management practices inclusive of all aspects of asset liability management, liquidity risk management, interest rate risk management, investment portfolio management. Knowledge of regulations, trends, and developments related to asset liability management, related risk management techniques and management information systems, model risk management, and internal controls.
• Help prepare capital markets related-supervisory strategy and risk assessments and selectively help other team members vet scopes and findings related to capital markets
• Serves as a team and System resource by leading or participating on high-level projects, workgroups, and strategic projects. Contribute to the understanding of emerging risks, risk management practices and changes in supervision policies, procedures, tools or guidance on a System basis.
• Under limited oversight, present both verbally and in written form to internal and external stakeholders.
• Evaluate management and influence their actions to achieve supervisory goals, while maintaining positive relationships.
• Display good judgement, well-reasoned decision making, and ability to problem solve.
• Provide mentoring, coaching, and training to less experienced staff and peers.
• Serve effectively as a project lead or Examiner-In-Charge (EIC) successfully overseeing assigned resources, deliverables, and timeframes.
   

Other Accountabilities

Perform other duties as assigned.
 

Supervision

This position is not required to directly supervise others.
 

Knowledge and Experience 

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master`s Degree and/or obtainment of other advanced professional designations, licenses, or certifications and either 10 years of commensurate financial industry credit or regulatory work experience or a Bank Commission plus 6 years of asset liability focused work experience post commissioning.
• Ability to travel is required (approximately 35% of work schedule on average).
• Knowledge of model risk management and/or capital planning practices are welcome. 
   

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment, healthy workflow
• Generously subsidized public transportation
• Annual tuition reimbursement
• Professional development programs, training, and conferences
• And more…

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. 

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks. 

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
 

All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
 

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
 

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job Category

Work ShiftFirst (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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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