CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
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 (FRBNY) implements monetary policy on behalf of the Federal Reserve System and acts as fiscal agent for the U.S. Treasury Department. As part of these duties, the Market Operations Monitoring and Analysis (MOMA) function within the Markets Group executes transactions in the open market and conducts monitoring and analysis of financial market developments in support of the Federal Reserve's monetary policy and financial stability objectives.
MOMA is seeking a Senior Analyst/Associate for the Counterparty and Risk Management (CRM) directorate to execute, maintain and further enhance the trading compliance program for the Markets Group. This individual will execute existing written supervisory procedures to ensure compliance of trading operations with current requirements, refine and enhance compliance procedures as necessary, and construct compliance protocols for new operations.
Your role as Trade Compliance Sr. Analyst/Associate:
Work closely with foreign exchange, fixed income, portfolio management and reference rate staffs to critically review key trading compliance items for these business areas
Perform compliance testing for business requirements that are subject to supervisor review on a regular basis and document results in order to ensure transparency for the 2nd line of defense
Develop analytical tools and reports to support and facilitate trading compliance assessments
Periodically review the existing trading compliance program to realign resources and scope as the nature of trading compliance and operational risks evolve over time
Develop trading compliance procedures and supporting analytical tools for new operations as needed
Communicate with senior business owners regarding compliance issues and work with staff to resolve identified concerns
Work with technology staff to develop data reports and reporting tools as required to support trading compliance reviews
Periodically brief 1st and 2nd line of defense managers on observed trends and emerging compliance issues regarding MOMA's trading activities
Liaise with 2nd line of defense compliance staff to address 2nd line concerns
Qualifications: What we are looking for:
Bachelor's degree in business, accounting, economics, finance, public policy, or related discipline and a minimum of 3-5 years of relevant professional experience
Experience working in teams to deliver high quality products and projects containing complex analysis under tight timeframes;
Background in audit and/or compliance preferred with strong project management skills and attention to detail
Working knowledge of fixed income and foreign exchange markets and regulatory compliance concepts preferred
Strong interpersonal, organizational and collaboration skills;
Strong decision-making skills using independent judgment;
Strong written and verbal communication skills, including the ability to effectively convey complex subject matter in a concise, articulate, and insightful manner.
This position requires access to Federal Open Market Committee Data, 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: 6288404
About Federal Reserve Bank of New York
eFinancialCareers is a career site specializing in financial services.