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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 talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is 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.
Overview of Team/Function:
The Cross Portfolio Policy & Analysis (CPPA) team is currently seeking a Quantitative Policy and Market Analysis Associate to provide analysis of the domestic and foreign System Open Market Account (SOMA) holdings and forecasting various balance sheet items at short- and long-term frequencies.
You will bring strong programming and quantitative skills, a solid understanding of fixed income, portfolio analysis, and time series econometrics, and the ability to think broadly and strategically about related policy issues. Effective communication skills and familiarity with monetary policy frameworks and implementation are desired.
Contribute to the development and maintenance of models in Matlab and Python that project and analyze the SOMA Treasury, MBS, and foreign reserves portfolios and key FRS liabilities (Treasury General Account, Federal Reserve Notes, and reserve balances)
Run models and provide insightful analysis of results to a senior audience and contribute to appropriate model documentation and validation processes
Support forecasting and analytical efforts related to Treasury cash management, including TGA forecasting, analysis of longer term trends related to the TGA, and monitoring of bill supply and related money market dynamics
Present analyses of the portfolio and balance sheet, associated measures of portfolio risks, and conceptual issues related to the management of the SOMA's domestic and foreign portfolio to the SOMA manager and other senior officials
Contribute to analysis of issues related to monetary policy implementation and foreign reserves management, and collaborate with business areas responsible for executing operations to ensure analysis and recommendations reflect consideration of implementation/market issues
Qualifications: You Have:
Masters in economics, finance, mathematics, or computer science
4 years of relevant work experience, including experience with fixed income products, e.g. sovereign debt, agency debt and agency MBS
Strong technical background and proficiency with at least one scripting language such as Matlab, R, or Python and SQL
Familiarity with portfolio risk and return measurement techniques and time series econometrics
Familiarity with monetary policy implementation, including an understanding of the Federal Reserve balance sheet and open market operations
Strong communication and collaboration skills
Our organization offers benefits that are the best fit for you at every stage of your career:
Pension plan fully paid by the Federal Reserve Bank
401K plan with 100% match up to 6% in addition to 1% automatic contribution
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Tuition Reimbursement Program
Onsite Health & Wellness Center
Backup Dependent Care (Child & Adult)
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 for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.
T he 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.