The Markets Group at the Federal Reserve Bank of New York (FRBNY) implements monetary policy on behalf of the Federal Reserve System and acts as fiscal agent for the U.S. Treasury Department. As part of these duties, the Market Operations Monitoring and Analysis (MOMA) function within the Markets Group executes transactions in the open market and conducts monitoring and analysis of financial market developments in support of the Federal Reserve’s monetary policy and financial stability objectives.
MOMA is seeking a senior associate for the Capital Markets and Institutions (CMI) directorate. CMI leads MOMA’s monitoring and analysis of developments across domestic capital markets and financial institutions to help inform the formulation, implementation, and transmission of monetary policy, and the creation and amplification of risks to financial stability.
- Monitor and analyze domestic capital markets and/or financial institutions.
- Interface with market participants to obtain market intelligence related to domestic capital markets and financial institutions;
- Produce high-quality quantitative and qualitative analysis connecting developments in domestic capital markets and financial institutions with developments in broader financial markets, monetary policy, and financial stability;
- Author, edit, and deliver written reports, verbal briefings, and presentations on relevant topics;
- Work on ad hoc projects related to domestic capital markets and financial institutions;
- Coordinate and collaborate with colleagues across the function, Group, Bank, and Federal Reserve System;
- Participate in Bank, System, and domestic or international organization efforts as appropriate;
- Support the Bank’s diversity and inclusion agenda.
- Bachelor’s degreerequired, graduate degree strongly preferred. Fields of study should include business, economics, finance, policy, or related discipline;
- A minimum of 7-8years of professional experience in the financial sector, economic or policy analysis, or a related field and substantial knowledge of financial institutions, financial markets, financial regulation, and monetary policy;
- Excellent quantitative and qualitative analytical skills, including the ability to extract themes from financial institution developments relevant for the objectives of the Federal Reserve.
- Superior written and verbal communication skills, including the ability to effectively convey complex subject matter in a concise, articulate, and insightful manner and to edit the work of others;
- Strong critical thinking skills, with the capacity to generate original ideas, assimilate new information, and develop sound conclusions in a timely manner;
- Effective interpersonal and diplomatic skills including the ability to develop and maintain a broad range of internal and external contact networks and a proven ability to work collaboratively across business areas to achieve results;
- Ability to think strategically, including anticipating evolving analytical needs, and experience providing strategic oversight for a business area or process;
- Strong self-management skills, as evidenced by an ability to take initiative and ownership of assignments, effectively prioritize assignments, and produce results under tight time constraints;
- Commitment to highest ethical standards and excellence in public service;