Policy, Strategy and Analytics Associate

CompanyFederal 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 Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:

• Evaluate and promote the overall safety and soundness of supervised institutions

• Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection

• Facilitate the stability of the financial system of the United States

• Support the growth and stability of the U.S. economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.

The Supervisory Policy and Strategy (SPS) Function contributes to policy development, analysis, and strategy for banks, non-bank financial institutions (NBFIs), and financial market infrastructures. The Financial Sector Risk and Policy (FSRP) Program is responsible for financial sector risk identification and policy analysis, including banks, non-bank financial institutions and financial stability risks.

Your role as a Policy, Strategy and Analytics Associate:

The FSRP Program is seeking a professional with understanding of the banking and financial system to help analyze complex supervisory policy issues. As the Policy Associate, you will be responsible for monitoring, reporting, and analyzing bank policy, including analysis using qualitative and quantitative data, compiling research into internal memos and reports. Your contributions will support strong supervision, policymaking, and strategy. You will report to the FSRP Program Lead and work closely with colleagues across the department and the SPS Function.

Core responsibilities include:

• Conduct quantitative and qualitative analysis to inform strategy, policy, and supervision.

• Monitor banks, non-bank financial institutions, and financial market infrastructure trends, and identify vulnerabilities and/or risks that may impact individual firms or the financial system.

• Analyze non-bank financial institutions and their impact on financial market functioning and monetary policy transmission.

• Provide support to Bank representatives that contribute to international and domestic working groups and oversight bodies.

• Collaborate with colleagues across Supervision to inform quantitative and qualitative analysis to support policy and supervision.

What we are looking for:

• Experience working in commercial or investment banks, financial institutions, rating agencies and/or public policy. Relevant industry certifications (i.e., CFA) or progress towards designations, a plus.

• Knowledge of the U.S. banking sector and key issues in bank policy and regulation. Familiarity with large bank regulatory data and supervision is a plus.

• Knowledge of NBFIs and markets, including broker-dealers, hedge funds, asset managers, and the impact of their activities on financial markets and monetary policy transmission.

• Demonstrated ability to understand new and complex topics, collaborate with subject matter experts, and use qualitative and quantitative information to reach findings.

• Strong written and verbal communication skills, including the ability to adapt communication to a range of audiences with different needs and expertise.

Salary Range: $116500 - $171900 / 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 [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 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.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryAnalytical

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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