Our Unique Work:
The Markets Group of NY Fed implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Fed’s Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury.
As part of these responsibilities, the mission of the trading desk in the Markets Group is to:
Implement domestic open market and foreign currency operations in a manner that is consistent with directives of the Federal Open Market Committee.
Monitor and analyze global financial markets to inform the formulation and implementation of monetary policy.
Produce New York Fed Reference Rates using transactional data.
Provide capital markets-related transaction services on behalf of the U.S. Treasury.
Conduct financial market transactions on behalf of foreign and international monetary authorities (FIMA).
How You’ll Make an Impact as a Capital Markets Trading Analyst:
Your work will involve the maintenance and analysis of financial markets and transactional data, supporting the conduct of financial market operations to implement monetary policy and act as fiscal agent for the US Treasury, and market monitoring and analysis. More specifically, you will:
Maintain, improve, and build a variety of critical datasets and tools that support monetary policy operations and fiscal agent activities;
Develop an understanding of a variety of relevant data sources, such as TRACE trade data, and others. Work toward integrating those data sources and generating analysis to support the team’s daily activities. This may include integrating data into dashboards or using other visualization tools;
Support and conduct the planning and execution of monetary policy operations (i.e. purchases and sales of Treasuries, repos, reverse repos) and/or fiscal agent transactions (i.e. Treasury debt auctions):
Analyze and report on developments in financial markets as they relate to monetary and fiscal policy;
Assist senior staff members with ad-hoc projects related to policy, operations, market analysis and data analysis
The Unique Skill Sets We’re Looking For:
Demonstrated interest in financial markets and monetary policy including the ability to discuss the basic functions of the Federal Reserve
Full-time workplace experience handling and manipulating complex data sets
Experience with Microsoft excel (can perform complex functions)
Familiarity with data analysis or visualization tools such as: Tableau/Power BI, SQL, Python, R, and/or Bloomberg
Familiarity with AI capabilities and productivity tools which could be leveraged to optimize operational and analytical processes and products
Strong written and oral communication and interpersonal skills
Other Things to Know:
Salary Range:
NY: $100700- $124600
Chicago: $88600- $109700
We believe in transparency at the New York 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.
How We’ll Support You:
Our programs and benefits are designed to support you through all your life stages:
Learning & Growing: Educational assistance, career development tools, and stretch opportunities
Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
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.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] 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 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.
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.
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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Skills Required
- Demonstrated interest in financial markets and monetary policy, including basic Federal Reserve functions
- Full-time workplace experience handling and manipulating complex datasets
- Microsoft Excel experience, including complex functions
- Familiarity with data analysis or visualization tools such as Tableau, Power BI, SQL, Python, R, and/or Bloomberg
- Familiarity with AI capabilities and productivity tools for optimizing operational and analytical processes
- Strong written and oral communication and interpersonal skills
- Eligibility to access confidential supervisory information and/or Federal Open Market Committee information under applicable U.S. citizenship, permanent-resident, protected-individual, or qualifying nonimmigrant requirements
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy 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. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/
