Rotational Analyst - Markets Group (Based in NYC)
What We Do
The Markets Group at the Federal Reserve Bank of New York is central to the formation and implementation of monetary policy for the Federal Reserve System. The Group consists of multiple business areas that fulfill a range of responsibilities including planning and executing open market operations, monitoring and analyzing financial market developments, and managing foreign customer accounts.
Through its analytical and operational areas, the Markets Group:
- Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC);
- Monitors and analyzes global financial markets to inform the formulation and implementation of monetary and financial stability policy. Updates key stakeholders and policymakers within the Federal Reserve System, including regular briefings of the FOMC;
- Implements domestic open market and foreign currency operations on behalf of the FOMC
- Executes lender of last resort operations for the Second District and collateral valuation services to the Federal Reserve System;
- Provides infrastructure and financial services for foreign and international monetary authorities;
- Provides capital market-related fiscal agency services to the U.S. Treasury; and
- Produces robust and resilient reference rates.
Program Description
The Rotational Analyst (RA) program is an entry-level analyst program designed to offer a hands-on learning experience through the completion of three, approximately one-year long rotations. On each rotation, RAs will gain exposure to the core operational and analytical activities of the directorate, while gaining a deeper understanding of the directorate’s work and how it contributes to the larger goals of the Markets Group.
During the program, RAs will have the opportunity to develop a well-rounded understanding of the Markets Group; hone their analytical skills through on-the-job and formal training; and develop an understanding of the culture of the Markets Group and Federal Reserve System. RAs that demonstrate exceptional performance will have the opportunity to apply for a permanent position in the Markets Group/Bank following the completion of two years in the program.
RAs may experience working on staff units within any of the following directorates: Capital Markets and Institutions, Central Bank and International Account Services, Cross-Market Monitoring and Analysis, Discount Window and Collateral Valuation, International Markets, Money Markets, Treasury Auctions, or Treasury Markets.
Analytical Support
- Perform preliminary research and assist in the preparation of data relating to market monitoring or market issues
- Source, manipulate, and visually represent data (i.e. charts, tables, graphs) and other supporting documentation to be used in the research and market analysis conducted by the Group
- Support senior staff with economic and financial data analysis
- Develop, maintain, and refine efficient procedures for the data preparation cycles (e.g. daily, weekly & monthly)
Operational Support
- Assist in the execution of the Group’s funds, securities, trading and settlement activities, including the preparation and maintenance of preliminary internal reports, data entry of operations results, discrepancy follow-up and resolution, and testing the implementation of new products
- Assist in development, review, and maintenance of procedures designed to increase the efficiency of the Group’s operational and analytical activities
Who We Are Looking For
- Candidates with an undergraduate degree in economics, public policy, business, finance, mathematics, statistics, or a related field
- A cover letter detailing your interest in the position and qualifications
- Strong sense of intellectual curiosity and academic exposure, interest, or experience in economics, financial markets, and US monetary policy
- Demonstrated analytical skills and experience managing/manipulating large data sets using analytical tools (e.g. Excel, SQL, VBA)
- Familiarity with data visualization tools (e.g. Excel, Tableau, Alteryx) and programming experience (e.g. Python, R, MatLab) are a plus, but not required
- Ability to effectively manage responsibilities across simultaneous assignments under tight deadlines, while maintaining attention to detail
- Proven problem-solving skills and ability to take initiative in identifying/recommending improvements to process and procedures
- Excellent interpersonal and communication skills and proven ability as part of a team and collaborate with a range of stakeholders
- Candidates must be legally authorized to work in the United States on a multi-year basis for other than practical training purposes
- Unofficial transcripts are required as a part of your submission
To Apply: Please submit your resume and transcript. Applications will be reviewed on a rolling basis.
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 permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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.
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 services 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.