Policy Analysis and Reporting Associate

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Tuesday, June 4, 2024


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 central banks, monetary authorities, and certain international organizations to facilitate their official financial operations. 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 international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank’s role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia.

The Business Development (BD) staff is one of four units in the Customer Account Services (CAS) Directorate within CBIAS. The CAS Directorate is responsible for relationship management, service administration, investment and liquidity management, customer trend analysis and market intelligence activities. We are looking for a Policy Analysis and Reporting Associate for the BD staff, which has three primary goals: (1) to provide data production, management and regular internal reporting duties related to CBIAS account activity and trends; (2) to use the informational value of CBIAS's custody activity to perform in-depth data analysis in order to inform policymakers on relevant topics and developments; (3) to support a range of customer-focused and other policy-related projects, including growth of value-added services and customer experiences offered to foreign official institutions.

Your role as Policy Analysis and Reporting Associate:

  • Contribute to ongoing monitoring and data reporting of custody holdings and perform quantitative and qualitative analysis, incorporating relevant public macroeconomic and market data, to identify key themes and trends, with a particular focus on policy-relevant issues.

  • Prepare high quality analysis for stakeholders on customer accounts and activity, emerging reserve management trends, and customer engagement programs combined with awareness of foreign jurisdictional and global market developments.

  • Assist the Team in meeting its daily, monthly, and annual data reporting responsibilities.

  • Participate in discussions with external foreign official and commercial institution contacts on relevant topics.

  • Maintain and refine databases, dashboards, and processes used for generating CBIAS reports, including troubleshooting issues that arise. Suggest and develop new analytical and data products, approaches, and tools to support team efforts.

  • Participate in or lead projects aimed at improving the services and customer experiences provided by CBIAS to foreign official institution, as well as other strategic business initiatives.

What we are looking for:

  • Established and professional individual contributor.

  • Ability to gain expertise on a variety of issues and work independently with limited oversight, including ability to lead long-term projects.

  • Experience in quantitative analysis and data management. Background in data querying techniques (e.g., SQL), database software, and macro writing, scripting and programming (e.g. R, Python) highly desired.

  • Experience with data visualization software (e.g., Tableau).

  • Strong communication skills, including writing and presentation skills.

  • Familiarity with or interest in monetary policy and global market issues, e.g., fixed income and foreign exchange markets.

  • Ability to collaborate across operational, technical, relationship management, and analytical staff.

  • Flexibility to travel between the New York and Richmond, VA sites.

Salary Range:

NY: $116,500-$171,900 / year

Richmond, VA - $96,700-$142,600 / 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

  • 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 ny.leaves@ny.frb.org 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 change.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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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