Company

Federal 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 New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as supporting financial stability in the U.S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services. CBIAS has a long history of providing safe and efficient banking services to its customer base by fulfilling a range of responsibilities to help manage over $7 trillion for over 550 accounts across 250 FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia.

The Collateral Administration and Analysis (CAA) staff is one of four staff units within the Settlement, Clearing and Collateral Management (SCCM) Directorate in CBIAS. The SCCM Directorate is responsible for executing all post-trade support services for SOMA market operations and FIMA accounts activities. The CAA staff is responsible for executing collateral-related operational and analytical activities as they relate to support of the SOMA portfolio operations. CAA’s other functions include managing relationships with tri-party agents and middle office service providers, managing risk across business activities, supporting Desk and Group related projects.

The CAA staff is looking for a Market Operations and Analysis Specialist to provide management support to a team of professional analysts charged with conducting the daily operations and associated projects. This position offers a unique blend of business analysis, process re‐engineering and collaboration with business and technical support areas to develop and incorporate solutions to improve the execution of business processes.

Your role as Market Operations and Analysis Specialist:

• Lead the team and manage the staff's portfolio of work ‐ managing the inventory and allocation of collateral for SOMA operations, calculating daily margining, assessing pledged assets for sufficiency and eligibility, and executing MBS related activities.

• Guide staff resources to problem solve business issues, address inquiries/needs of the Open Market Operations Desk, CBIAS, tri‐party agents, counterparties and manage analytical activities.

• Manages projects that relate to the team's collateral management functions and middle office responsibilities

• Contribute to the management of staff by providing feedback to analysts, contributing to team goals setting and performance appraisals, coordinating staff training and coverage.

• Work with analysts to improve the efficiency of CAA's business lines to manage risk.

• Contribute to the management of relationships with counterparties, external parties, vendors, and tri‐party agents as they relate to collateral related business activities.

• Identify process and control improvements to maximize the efficiency of CAA's business lines and manage risk.

What we are looking for:

• Strong experience in Economics, Finance, Public Policy, Collateral Management

• Advanced knowledge of capital markets

• Strong experience in data management and analysis; querying, managing, and manipulating data using Excel, Crystal, or Access

• Performs work under limited supervision; plans and arranges short- and long-term work

• Flexibility to travel between New York and Richmond, VA site on periodic basis

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Markets

Work Shift

First (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.

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