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Federal Reserve System Advisor to SOMA Manager 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. 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.

This position will offer workplace flexibility e.g., working remotely or on site as needed/ desired during the week. Employees can expect to be in the office weekly as needed for meetings and team collaboration and should live within a commutable distance. The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person a couple days a week.

What We Do:

The Advisor supports the Manager of the System Open Market Account (SOMA) and Head of Market Operations Monitoring and Analysis (MOMA) within the Markets Group. 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 responsibilities, 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 to support the monetary policy and financial stability decision-making process.

Reporting directly to the SOMA Manager, this role provides a unique opportunity for career development through exposure to an array of activities within MOMA and the Markets Group and daily interaction with the SOMA Manager/Head of MOMA and other MOMA, Markets, and Bank senior management.

Your role as Advisor to SOMA Manager:

Support the daily work of the SOMA Manager, including tracking open issues and deadlines, prioritizing strategic goals, coordinating, and working with MOMA, Markets Group, and Bank management to make progress toward policy and policy implementation objectives.

  • Plan and prepare a range of internal and external communications on behalf of the SOMA Manager, including emails, town halls, Bank-wide events, System conferences, and public speaking engagements

  • Work with the Deputy SOMA Manager to deliver on SOMA priorities

  • Foster communication between staff and senior MOMA management

  • In partnership with the MOMA executive leadership team, support the SOMA Manager/Head of MOMA on a variety of management and policy issues, including prioritization of projects and resourcing

  • Engage with senior stakeholders across the System, the SOMA Manager's counterparts at foreign central banks, and with senior level market participants

  • Participate in and advise ad hoc task forces, project teams and committees

What we are looking for:

  • Demonstrated ability to synthesize information quickly, identify and draw effectively upon the knowledge of experts, summarize important issues and concerns, and work on ideas

  • Demonstrated experience building collaborative relationships with leaders, staff, and stakeholders across the organization

  • Outstanding emotional intelligence and ability to cultivate trust at all levels

  • Strong strategic thinker with deep and broad understanding of both the internal and external environment

  • Understanding of financial markets and monetary and financial stability policy

  • Superior organizational and project management skills with an ability to anticipate and prioritize

  • Advanced degree preferred with relevant work experience in economics, finance, policy or a related area

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

  • And more which you can find here (https://www.newyorkfed.org/careers/benefits_health.html)

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.

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.

Incumbent must be fully vaccinated against COVID-19, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.

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)

Yes

Job Category

Other

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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

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