Our Unique Work:

The Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring, and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:

How You’ll Make an Impact as a Capital Markets Trading Associate - CMM

• Monitor, analyze and report to policy makers on global financial market developments:

• Track intra-day and longer-term global asset price movements; Interface with market participants to obtain context for asset price movements

• Integrate insights from analysis of price action, outreach to market contacts, and developments to identify themes relevant to the monetary policy process.

• Prepare detailed written analysis and present oral briefings on market developments to officials in the Federal Reserve, the Treasury, and other institutions.

• Relate developments in financial markets to issues pertaining to financial stability; and

• Assume responsibility over time as a Markets Group specialist for a specific aspect of financial markets.

• Plan and execute transactions in foreign exchange or fixed income markets on behalf of the U.S. monetary authorities, foreign central banks, and other customers

• Participate in projects within the Markets Group related to increasing the effectiveness and efficiency of our work

• Performs related duties as required

The Unique Skill Sets We’re Looking For:

• A successful track-record demonstrating quantitative and advanced analytical skills in the workplace

• Knowledge of financial instruments and financial market structure, macroeconomic theory and monetary policy

• Ability to combine intelligence gathered from multiple sources and with available data to produce well-written executive summaries and presentations to a wide range of audiences

• Ability to analyze complex market issues, make sound decisions and respond in time- sensitive situations

• Professional experience working productively in a high-performance team atmosphere and as an independent analyst

• Prior advanced coursework in economics, finance, public policy or a related field

• Periodic early morning rotations may be required

• Must adhere to area specific financial disclosure requirements

Desirable Criteria

• Experience with SQL and/or Python is a plus

• Evidence of a desire to continually learn and improve skillsets

Other Things to Know:

This is a temporary position with an anticipated maximum duration of two years.

We believe in transparency at the New York 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.

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.

Find Out Why We’re an Award-Winning Workplace:

• Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces, 2024, 2025)

• Early Talent Award Winner (Handshake, 2024, 2025)

• Campus Forward Award Winner (Ripple Match, 2023, 2024, 2025)

Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.

Benefits:

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

Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.

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.