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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 Bank Applications Function analyzes and acts on regulatory applications, notifications, and requests filed by banking institutions with the Reserve Bank, including applications for mergers and acquisitions, foreign investments, nonbanking activities and acquisitions, and the establishment of domestic and foreign offices. The Bank Applications Function combines operational excellence with deep subject matter expertise while working under deal-based and regulatory deadlines.
Your role as Bank Applications Support Team Associate:
The Bank Applications Support Team Associate reports directly to the Bank Applications Support Team Leader and is responsible for processing and analyzing non-complex bank regulatory applications, assisting Bank Applications Specialists in processing more complex bank regulatory applications, and performing various administrative, operational, and clerical duties in support of the Bank Applications Function’s operations.
Duties and responsibilities
- Under the supervision of Bank Applications Specialists, review and analyze for informational adequacy and legal and supervisory sufficiency non-complex bank regulatory applications received from banking institutions in connection with, for example, the establishment of domestic branches;
- Assist Bank Applications Specialists in entering, distributing, and filing applications electronically in our Document Management System;
- Monitor deadlines of Bank Applications and draft and prepare correspondence related to Bank Applications to filers and agencies;
- Detailed recordkeeping of Bank Applications in multiple databases;
- Prepare and monitor various lists and reports related to Bank Applications;
- Participate in special projects relating to risk management, Bank Applications procedures, administrative processes, and technology development.
- General administrative and clerical duties, such as copying, shredding, scanning, filing, processing incoming mail electronically or hard copy; answering telephones, scheduling meetings, and ordering supplies; and making travel arrangements and preparing travel expense reports; and
- Assist in the maintenance of the Function’s Bank’s intranet site.
What we are looking for:
- Good understanding of the Bank’s organization and business operations
- General understanding of bank supervisory and regulatory concepts
- Excellent administrative skills
- Good analytical skills and problem solving skills
- Good organizational and self-management skills, including the ability to manage and meet statutory deadlines and the ability to handle multiple assignments in an independent manner
- Good interpersonal, verbal and written communication skills, including knowledge of Fed Style for correspondence
- Ability to work both in teams and independently
- Demonstrated ability to show initiative
Salary Range: $96100-$120000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiencescandidates 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.
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
- Andmore
Please note that the position requires access to confidential supervisory information and/or 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied fornaturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidatesmust undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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 providingequal 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.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 timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob Category
Supervisory/ManagementWork 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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