Job Information
Federal Reserve Bank Settlement, Clearing and Collateral Management Analyst in New York, New York
Company
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’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person. Employees are expected to live within a commutable distance of their primary work location to support team collaboration.
What we do:
The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as support financial stability operations in the U.S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services. CBIAS has a long history of providing safe and efficient banking services to its customer base by managing over $7 trillion for FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS maintains two operating locations, in New York City and Richmond, Virginia.
The Domestic Account Services (DAS) staff is one of four staff units within the Settlement, Clearing and Collateral Management (SCCM) Directorate in CBIAS. The SCCM Directorate is responsible for executing all trade support services for SOMA market operations and FIMA accounts activities. We are looking for a Market Operations and Analysis Analyst for the DAS staff, to perform a variety of business and operational activities in providing trade support, clearing and settlement, collateral management, custody, and asset servicing, as well as market and reference data management services in support of SOMA portfolios. We offer a unique blend of business analysis, process re-engineering and collaboration with business and technical support areas to develop and incorporate solutions to improve the execution of business processes. You will demonstrate your unique blend of operations, analytical and technical skills in this position.
Your role as a Market Operations and Analysis Analyst:
Gain a thorough understanding of the clearing and settlements service business with a focus on effectively performing settlement operations, resolving issues, and addressing inquiries/needs of foreign central banks, international agencies, and the SOMA’s Open Market Operations Desk.
Collaborate with staff and management to continuously analyze existing processes or to develop new ones (through automation for example) to increase efficiency of activities and reduce operational risk.
Develop a strong understanding of the systems that support the operation to effectively troubleshoot operational issues and communicate business requirements in the context of these systems when participating in efforts with technical support staffs.
Provide support to DAS, CBIAS or Markets Group projects as they arise by participating and contributing in meetings when necessary, advocating business needs, communicating issues and working with various internal and external parties.
What we are looking for:
Foundational experience in performing operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail.
Possess interpersonal skills and ability to interact and collaborate effectively with team members, peers, senior management, and external parties.
Works independently with general supervision, and support projects/processes.
Experience with data analytics, visualization tools, and robotic process automation.
Relative knowledge of project and process management.
Flexibility to travel to the Richmond, VA site.
Salary Range: $84600 - $100900 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates 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. (https://www.newyorkfed.org/careers/touchstone-behaviors)
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
And more (https://www.newyorkfed.org/careers/benefits_health.html)
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This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. _All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible. _ * *
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. (https://www.newyorkfed.org/aboutthefed/ethics-conflicts-of-interest) * *
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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, pregnancy, or military service. * *
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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. Please note, this is a dedicated e-mail box designed exclusively to assist _applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box. _ * *
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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)
No
Job Category
Markets Family Group
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.
Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)