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Federal Reserve System Market Operations and Analysis Specialist in New York, New York


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 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 central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as supporting 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, 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 Specialist 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 Specialist:

  • Manage trade support, clearing and settlement, collateral management, custody and asset servicing, as well as market and reference data management services, resolving issues, and addressing inquiries/needs of foreign central banks, international agencies, and the SOMA's Open Market Operations Desk.

  • Lead projects to address emerging issues in the business or the financial markets in which the Bank operates; contributes to analysis on strategic planning issues.

  • Draws on experience and/or industry knowledge to develop and implement process and control improvements aimed at reducing risk and maximizing the efficiency of operations and systems. Contributes to the development of goals for the department and planning effort.

  • Manage evolving industry landscape and work to incorporate best practices into the business processes to increase efficiency and reduce operational risk.

  • Lead efforts to enhancing the analytical capacity of the function by developing queries to help the data driven decision making process.

  • Provides guidance, coaching and support to DAS, CBIAS and Markets Group projects.

What we are looking for:

  • Strong experience in Economics, Finance, Public Policy, Collateral Management

  • Advanced knowledge of capital markets

  • Strong experience in data management and analysis; querying, managing, and manipulating data using Excel, Crystal, or Access

  • Performs work under limited supervision; plans and arranges short- and long-term work

  • Flexibility to travel to Richmond, VA site on a periodic basis

Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.

Communicate Authentically : Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.

Collaborate Inclusively : Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.

Drive Progress : Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.

Develop Others : Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.

Take Ownership : Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.


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)

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.

The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, *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


Job Exempt (Yes / No)


Job Category


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)