At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.
What we do:
The Markets Group at the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System provides payments and custody services to foreign central banks, and acts as a fiscal agent for the U.S. Treasury Department. As part of these duties, the Market Operations Monitoring and Analysis Function (MOMA) within the Markets Group executes transactions in the open market and conducts detailed analysis of financial market developments in support of the monetary policy and financial stability decision-making process.
The Cross-Portfolio Policy & Analysis (CPPA) directorate is responsible for analyzing the Federal Reserve's balance sheet as well as the foreign and domestic System Open Market Account (SOMA) and the foreign Exchange Stabilization Fund portfolios, providing expertise on frameworks of monetary policy implementation and foreign reserves management, and supporting governance and readiness strategic planning for the domestic and foreign portfolios and related operations.
Your role as Senior Policy Advisor:
Lead internal and external communication regarding monetary policy implementation and foreign reserves management, including written memos
Advance the analysis of the composition of the domestic portfolio as well as dynamics related to balance sheet liabilities and reserves supply
Serve as content advisor for the SOMA Annual Report, the primary communication to the public about Desk operations, and the SOMA portfolio seminar, the annual cross-System seminar focusing on developments related to the SOMA portfolio
Contribute to efforts to improve transparency into SOMA data and operations
Develop strong working relationships and raise awareness, both internally and externally, in support of department objectives, and contribute meaningfully to the overall management of the CPPA Directorate and the MOMA function
Qualifications: What we are looking for:
Post-graduate degree in business, finance, policy or a related area;
At least 10 years of work experience in financial markets or public policy, ideally with a strong understanding of monetary policy and foreign reserves management operations
Excellent communication skills and experience with written communications to a variety of audiences
Strong understanding of fixed income products and portfolio risk measurement
Demonstrated leadership capabilities, with the ability to build highly effective collaborative relationships across organizational lines
Experience effectively and independently organizing and leading projects and/or processes with a proven track record of driving results
Critical-thinking skills and a demonstrated ability to assimilate new information and identify key issues
Please attach a resume and cover letter to your submission.
This position requires access to 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
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.
Why the Fed:
Working 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'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial service professional and the intellectual curiosity of an academic—all combined with a passion for public service.
The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank's diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA. Click here to learn more.
Internal Number: 6172235
About Federal Reserve Bank of New York
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