Company

Federal Reserve Bank of New York

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 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 Markets Group of the Federal Reserve Bank of New York (FRBNY) implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury.

As part of these responsibilities, the mission of the trading desk in the Markets Group is to:

• Implement domestic open market and foreign currency operations in a manner that is consistent with the FOMC authorization and directives.

• Monitor and analyze global financial markets to inform the formulation and implementation of monetary and financial stability policy.

• Produce New York Fed Reference Rates.

• Provide capital markets-related fiscal agency and other services to the U.S. Treasury.

• Transact on behalf of foreign and international monetary authorities.

The Global Markets and Investments (GMI) Directorate within Domestic and International Markets (DIM) is responsible for:

• Managing the U.S. foreign exchange reserves.

• Analyzing global market and transformational trends, including identifying cross-cutting market themes, exploring transmission of shocks to U.S. and global markets, and evaluating implications for the trading desk’s operations.

• Coordinating and supporting analysis of Environmental, Social, and Governance (ESG) markets and System work on climate finance issues.

The GMI Directorate is seeking an Emerging Markets Associate on the Global Markets & Trends (GMT) staff to conduct market intelligence and in-depth analysis of foreign financial market and policy developments. The GMT staff sits within the GMI directorate and is focused on producing analysis on global market and transformational trends. This position will report to the Associate Director leading the GMT staff.

Your Role as an Emerging Markets Associate:

• Monitor and analyze trends in emerging markets, across multiple asset classes and regions, including central banks’ monetary policy frameworks and stance, that are relevant to the Federal Reserve’s monetary policy and/or financial stability objectives.

• Provide perspective on notable high frequency country-specific and EM-wide developments and their implications for U.S. and international financial markets for inclusion in daily and weekly market briefings.

• Perform research and analysis to help gauge market conditions and highlight emerging trends and potential vulnerabilities.

• Distill important takeaways in high-quality written reports and presentations for a System-wide audience.

• Maintain effective dialogue with market participants across a broad range of institutions, as well as with official sector counterparts, on relevant Emerging Markets-related issues.

• Engage with cross-Bank teams to address topical analytical issues for policy maker consideration, as well as participate in Bank and System evaluations of global financial market conditions and developments.

• Conduct the broad range of international trading operations related to the management of U.S. foreign exchange reserves, foreign exchange intervention and customer transactions, and liquidity swap lines with foreign central banks.

• Contribute to an inclusive, collaborative, diverse, and transparent workplace.

Note: Some domestic and international travel required.

What are we looking for:

• Demonstrated interest and experience in emerging markets and ability to glean insights from financial market and economic data.

• Foundation in fundamentals of financial markets, macroeconomics, and country risk analysis pertaining to Emerging Market Economies.

• Demonstrated experience and interest in analytical tools, statistical techniques, and frameworks relevant to understanding trends in international financial markets.

• Proven analytical, critical thinking, and problem-solving skills.

• Excellent written and oral communication skills, with experience writing short- and long-form summaries of key issues.

• High level of curiosity and strong attention to detail.

• Ability to take initiative, work autonomously and on multiple projects, and execute commitments in a timely fashion.

• Ability to develop strong collaborative relationships and inclusive partnerships with other teams to drive progress and execute effectively on business objectives.

• Please submit a cover letter with your application.

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.

Always verify and apply to jobs on Federal Reserve System Careers (https: //rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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