Policy, Strategy and Analytics Associate
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of New YorkWorking 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, and financial market infrastructures. The Financial Sector Risk and Policy (FSRP) Program is responsible for financial sector risk identification and policy analysis, with a focus on non-bank financial institutions and supervisory policy, including accounting and capital.
Your role as a Policy, Strategy and Analytics Associate:
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 be aimed at increasing banking sector resilience through supporting strong supervision, policymaking, and strategy. You will report to the FSRP Program Lead and work closely with senior management across the SPS Function.
Core responsibilities include:
Supports development of high-quality supervisory policy, oversight, financial system resilience, and Bank strategy.
Conducts analysis to inform strategy, policy, and supervision.
Monitors banks, non-bank financial institutions, and financial market infrastructure for trends and risks that may impact individual firms, the Bank, or the financial system.
Provides support to Bank representatives that contribute to international and domestic working groups and oversight bodies.
Analyzes the strategic, supervisory, and financial system resiliency implications of innovations in financial services.
What we are looking for:
Strong financial analysis skills, including interpreting capital structures as well as liquidity and financial stability data. Understanding of derivatives and SFT products risk a plus.
Experience in banking, financial institution, rating agency or regulatory agency. 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, regulation, and supervision.
Demonstrated by the ability to understand new and complex topics, collaborate with subject matter experts, and use qualitative and quantitative information to reach findings.
Experience with data manipulation and visualization. Proficiency in Microsoft Excel and ability to learn new data analysis tools (e.g., SQL, Stata, Tableau).
Salary Range: $121800 - $146200 / per 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.
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
Please note that the 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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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, or military service.
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
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.