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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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic-all combined with a passion for public service. 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 New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as supporting financial stability 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 fulfilling a range of responsibilities to help manage over $7 trillion for over 550 accounts across 250 FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia.The Settlement, Clearing and Collateral Management (SCCM) Directorate within CBIAS oversees all clearing and settlement services for SOMA market operations and FIMA accounts activities, and collateral management services. The Clearing and Settlement Service (CSS) business line of CBIAS is looking for an Associate to perform a variety of business and operational activities in providing confirmation, clearing, settlement, and payment services to support FIMA customers. 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 Associate :- Develop greater familiarity in understanding the clearing and settlement services business with a focus on performing settlement operations, resolving issues, and addressing inquiries/needs of foreign central banks, international agencies, and the SOMA's Open Market Operations Desk.
- Monitor evolving industry landscape and work to incorporate best practices into business processes to increase efficiency and reduce operational risk.
- Develop an understanding of the systems that support the operation, positioning oneself to contribute to a wide range of initiatives such as the development of business requirements for system enhancement.
- Provide support to enhancing the analytical capacity of the function by developing queries to help the data driven decision making process.
- Demonstrated aptitude for performing operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail
- Strong interpersonal skills and ability to interact and collaborate effectively with team
- members, peers, senior management, and external parties
- Works independently with limited supervision, and may manage projects/processes
- Strong experience with data analytics and visualization tools
- Demonstrated knowledge of project and process management
- 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