Experience:
5+ years of experience
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Employment Type:
Full time
Posted:
6/6/2019
Job Category:
Finance
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Quantitative Policy and Market Analysis...
Federal Reserve Bank | Chicago, Illinois
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Job Description

At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.

What we do:

The Markets Group at the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System, provides payments and custody services to foreign central banks, and acts as a fiscal agent for the U.S. Treasury Department. As part of these duties, the Market Operations Monitoring and Analysis Function (MOMA) within the Markets Group executes transactions in the open market and conducts detailed analysis of financial market developments in support of the monetary policy and financial stability decision-making process.

CPPA is currently seeking a Quantitative Policy and Market Analysis Associate / Senior Associate to provide analysis of the domestic and foreign SOMA holdings and forecasting various balance sheet items at short- and long-term frequencies. The ideal candidate has strong programming and quantitative skills, a solid grounding in fixed income, portfolio analysis, and time series econometrics, and is able to think broadly and strategically about related policy issues. Effective communication skills and familiarity with monetary policy frameworks and implementation are desired.

Your role as Quantitative Policy and Market Analysis Associate/Senior Associate:

* Contribute to the development and maintenance of models in Matlab and Python that project and analyze the SOMA Treasury, MBS, and foreign reserves portfolios as well as 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



What we are looking for:

* Masters in economics, finance, mathematics, or computer science


* Four to seven 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 as well as 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


* Ability to work effectively both as part of a team and independently


* Strong written and oral communication skills



This position can be based in New York or Chicago, with Chicago preferred.

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 position requires access to 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, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

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 service 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.

About Federal Reserve Bank

The Federal Reserve Banks offer a full range of financial services including FedCash, Check including FedForward, FedReturn and FedReceipt, FedImage Services, FedACH, Fedwire Funds Service, Fedwire Securities Service and National Settlement Service. In addition, the Federal Reserve Banks offers services designed to support the use of Financial Services, including Account Management Information and Service Charge Information.

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