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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. It is a challenge that demands the skills of a financial service professional and the intelligence an academic—all combined with a passion for public service.
Roles and Responsibilities:
Execute supervisory work to assess adequacy of PCS risk management practices and identify vulnerabilities and risks through Supervisory work includes leading horizontal exams, firm-specific exams, remediation validation, baseline monitoring and in-depth reviews. Engage with Designated Supervisory Teams (DSTs) and G&C to discuss and develop annual supervisory priorities related to PCS activities.
You will work with DSTs, facilitate regular baseline monitoring meetings with firms and analyze firm MIS reports to inform supervisors' views on a range of topics, identify and understand any new risks and understand changes in existing risks.
Lead and manage industry outreach programs, including crafting agenda topics, developing written products and presenting key findings to relevant partners across the Bank.
Lead, or contribute to, the development of assessments of PCS activities as an input to firms' supervisory ratings.
Contribute to the development of cross-institutional perspectives on sound or leading practices, risk indicators, and comparative standings to inform supervisory policies.
Lead projects related to PCS topics, including working on Federal Reserve System (FRS) initiatives and conducting research and analysis on topics of special interest to the team.
Present supervisory findings and issues to staff and senior management within the Bank and the broader FRS, and management at supervised institutions.
Provide clear, balanced, well-supported, messages with senior management of supervised institutions.
Prepare written reports or other correspondence to communicate analytical findings and matters of supervisory / policy interest to management, and recommend follow-up steps.
Work and coordinate with colleagues across the FRS, including staff from other LISCC supervisory programs (e.g., Capital, Liquidity, Monitoring & Analysis and Recovery & Resolution), Federal Reserve Board (e.g., Supervisory Policy and Reserve Bank Operations) and Reserve Banks, as applicable.
Qualifications: You Have:
Bachelor's degree required . Master's degree preferred. Preferably in finance/banking, business, economics, public policy, or a related field.
Identify, evaluate, and analyze relevant risk components associated with the PCS activities.
3 years of experience in prime brokerage (including, FX, cash and synthetic products) with a fundamental understanding of the business, essential risks across all lines of defense and a technical understanding of the quantitative metrics associated with business platform to be used to develop analytical reports.
Highlight your work experience in prime brokerage (including FX, cash, and synthetic products with a fundamental understanding across the business, essential risks across all lines of defense and a technical understanding of the quantitative metrics associated with business platform used to develop analytical reports.
Our 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
Flexible Work Arrangements
And more which you can find here
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.
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.
Special Language: 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.
Accommodations: 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.