Federal Reserve Bank of Chicago
Jobs
Senior Financial Markets Specialist / Financial Markets Specialist, Financial Markets Group
Senior Financial Markets Specialist / Financial Markets Specialist, Financial Markets Group
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The Role
Conduct applied research and data-focused analysis on financial markets to inform monetary policy and financial stability. Produce written reports and presentations, advise senior Bank leaders, engage with industry and stakeholders, manage projects, and contribute to team deliverables supporting the Federal Reserve's objectives.
Summary Generated by Built In
Company
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago's Financial Markets Group is focused on advancing financial policy and robust market practices to promote the stability of the U.S. financial system. We analyze and advise on issues that affect financial markets and impact financial stability across a broad range of topic areas. We are part of the Research, Policy, and Public Engagement function.
As part of a multidisciplinary and collaborative team of professionals, the Senior Financial Markets Specialist will develop data-focused analysis and work alongside policy advisors to conduct applied research on policy issues affecting financial markets and the stability of the financial system. This is an outstanding opportunity for an experienced professional from industry, academia or a regulatory environment to produce high quality, impactful work directly connected to the responsibilities of the Federal Reserve.
Key Responsibilities
Your Background
Additional Requirements
What we Offer
The expected starting salary range for the Senior Financial Markets Specialist position is between $143,500 and $160,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
The expected starting salary range for the Financial Markets Specialist position is between $115,200 and $136,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
The Federal Reserve Bank of Chicago supports a diverse and inclusive work environment where employees and stakeholders are respected, treated fairly, and given equal opportunities to perform to their fullest potential. By valuing diverse experiences, styles, approaches and ideas, we can achieve our goals, serve our stakeholders and become a higher-performing organization
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Economics/Research Family Group
Work Shift
First (United States of America)
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.
Privacy Notice
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago's Financial Markets Group is focused on advancing financial policy and robust market practices to promote the stability of the U.S. financial system. We analyze and advise on issues that affect financial markets and impact financial stability across a broad range of topic areas. We are part of the Research, Policy, and Public Engagement function.
As part of a multidisciplinary and collaborative team of professionals, the Senior Financial Markets Specialist will develop data-focused analysis and work alongside policy advisors to conduct applied research on policy issues affecting financial markets and the stability of the financial system. This is an outstanding opportunity for an experienced professional from industry, academia or a regulatory environment to produce high quality, impactful work directly connected to the responsibilities of the Federal Reserve.
Key Responsibilities
- Directly contribute to research and communicate findings to the public through published reports and presentations.
- Support development of internal policy analysis to support Bank objectives related to monetary policy and financial stability.
- Support team deliverables to advise Reserve Bank President, other senior Bank leaders, and other policymakers on matters related to your area of expertise through written analysis and presentations.
- Develop and maintain strong relationships with financial industry leaders and key internal and external stakeholders to advance Bank-level objectives
- Contribute to a highly collegial and collaborative work environment.
Your Background
- Advanced degree in finance, economics, business, or public policy, or equivalent experience.
- 7+ years of experience as an industry participant, regulator, or academic scholar
- Substantive knowledge of domestic and global financial markets and/or market infrastructures.
- Advanced analytical and problem-solving skills.
- Excellent people and project management skills.
- Commitment to public service.
- Strong ability to work with and analyze complex data sets using R and Python.
- Public speaking skills a plus.
- Depending on level of experience, candidates may be considered for a Financial Markets Specialist role.
Additional Requirements
- Travel approximately up to 10%
- 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. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
- As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
What we Offer
- Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
- A learning environment with opportunities to gain new skills and grow your career
- Unique opportunity to contribute to monetary policy and work on issues of national and regional economic importance
- The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here:https://www.chicagofed.org/careers/thebenefits
The expected starting salary range for the Senior Financial Markets Specialist position is between $143,500 and $160,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
The expected starting salary range for the Financial Markets Specialist position is between $115,200 and $136,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
The Federal Reserve Bank of Chicago supports a diverse and inclusive work environment where employees and stakeholders are respected, treated fairly, and given equal opportunities to perform to their fullest potential. By valuing diverse experiences, styles, approaches and ideas, we can achieve our goals, serve our stakeholders and become a higher-performing organization
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Economics/Research Family Group
Work Shift
First (United States of America)
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.
Privacy Notice
Skills Required
- Advanced degree in finance, economics, business, public policy, or equivalent experience
- 7+ years of experience as an industry participant, regulator, or academic scholar
- Substantive knowledge of domestic and global financial markets and/or market infrastructures
- Advanced analytical and problem-solving skills
- Excellent people and project management skills
- Commitment to public service
- Ability to work with and analyze complex data sets using R and Python
- Public speaking skills
- Willingness/ability to travel approximately up to 10%
- Access to confidential supervisory information and/or FOMC information; meet Protected Individual requirements or sign declaration of intent and comply with background checks and information handling rules
- Compliance with the Bank's ethics rules regarding securities ownership (possible divestment required)
Federal Reserve Bank of Chicago Compensation & Benefits Highlights
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Healthcare Strength — Health coverage is described as comprehensive, with multiple medical PPO options, dental and vision plans, and supportive programs like FSAs and an EAP. Feedback suggests the combination of plan choice and wellness resources contributes meaningfully to total compensation.
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Retirement Support — Retirement offerings include a defined‑benefit pension alongside an employer‑matched 401(k)/Thrift Plan. Feedback suggests this dual structure is a standout element and a key reason overall compensation is viewed favorably.
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Parental & Family Support — Family‑care benefits include paid parental/family leave, adoption assistance, backup care, and caregiving resources. Feedback suggests these supports add tangible value for employees managing family responsibilities.
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The Company
What We Do
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks across the United States that, together with the Board of Governors in Washington, D.C., serves as the nation's central bank. The role of the Federal Reserve System, since its establishment by an act of Congress in 1913 , is to foster a strong economy and a stable financial system.
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Federal Reserve Bank of Chicago Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
4 days a week