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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 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. The Markets Group is also responsible for the development, production, and governance of the benchmark reference rates administered by the FRBNY, including the Effective Federal Funds Rate (EFFR) and Secured Overnight Financing Rate (SOFR).
There are a number of open Analyst positions in the Markets Group, including in the Cross-Market Monitoring and Analysis (CMMA) directorate. You will report to an Associate Director in CMMA and have opportunities to work collaboratively with a diverse range of staff across the Markets Group. The positions will be filled in New York or Chicago.
The CMMA directorate leads monitoring of developments across Global Financial Markets and the production of a range of market briefings and analysis delivered to policymakers and staff throughout the Federal Reserve System (FRS) and at the Treasury Department.
The CMMA directorate is currently looking to fill an Analyst position to support the process of preparing the FOMC Desk briefing and other senior-level engagements and possibly a second role to support analysis of U.S. monetary policy expectations including conducting the Surveys of Primary Dealers and Market Participants. Selected individuals will play a leadership role in developing and maintaining innovative charts, tools, and data with broad visibility within the Federal Reserve System and in the public domain.
Your role as Global Financial Market and Policy Analyst:
- Support the SOMA Manager and other senior leadership, either through supporting the preparation of the FOMC Desk Briefing and other presentations or through supporting the analysis of U.S. monetary policy expectations, including support for the Surveys of Primary Dealers and Market Participants.
- Support a wide range of activities related to the reporting, monitoring, and analysis of Global Financial Market conditions and U.S. monetary policy expectations through charting, data management, and analysis
- Assist with outreach and engagement with external market participants
What we are looking for:
- Demonstrated interest in economics, Financial Markets, monetary policy, statistics, data science, or a related discipline through prior experiences, including coursework.
- Demonstrated experience managing and manipulating large datasets across a range of data sources including experience with Microsoft Excel, Tableau, or other visualization software.
- Experience with, or willingness to learn, advanced software for data analysis (such as SQL, Python, R, GitHub, and/or Alteryx).
- Experience with survey administration software, such as Qualtrics, is a plus
Salary Range:
NY: $96100 - $118900 / year
Chicago: $84600 - $104700 / 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 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.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at
ny.rtw.accommodation@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 time Regular / Temporary
Regular Job Exempt (Yes / No)
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Analytical 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.
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