Policy Analysis and Reporting Analyst at Federal Reserve Bank (FRB) in Richmond, Virginia

Job Description:

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.

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 support 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, in New York City and Richmond, Virginia.

The Business Development (BD) staff is one of four units in the Customer Account Services (CAS) Directorate within CBIAS.  The CAS Directorate is responsible for relationship management, service administration, investment and liquidity management, customer trend analysis and market intelligence activities.  We are looking for a Policy Analysis and Reporting Analyst for the BD staff, which has three primary goals: (1) to provide data production, data management and regular internal reporting duties related to account activity and trends; (2) to use the informational value of CBIAS's custody activity to perform in-depth analysis, informing policymakers and other internal audiences on relevant topics and developments; (3) to support a range of customer-focused and policy-related projects, including growth of value-added services offered to foreign official institutions.

Your role as a Policy Analysis & Reporting Analyst:

• Execute regular data production and reporting duties related to FIMA custody holdings, including data queries, report generation, validation, and quantitative analysis.




• Build, maintain, and continuously enhance datasets and tools to support reporting objectives, account engagement, and to inform analysis of FIMA customer activity.




• Assist in monitoring, analyzing, and reporting on financial flows and activity in the context of international market and economic developments to identify and provide coverage around evolving and notable trends.




• Support projects aimed at improving the services and customer experiences provided by CBIAS to foreign official institutions, as well as other strategic business initiatives.

What we’re looking for:

• Experience working with large datasets and performing quantitative analysis.




• Data querying techniques (e.g., SQL) or programming and data visualization skills (e.g., Python, R, Tableau) highly desired.




• Strong communication skills, including writing ability and discretion to proactively escalate issues.




• Self-direction with the ability to manage multiple priorities, take initiative and solve problems.




• Experience and/or subject matter interest in international economics/finance and international affairs.




• Flexibility to travel between New York and Richmond, VA sites.

Salary Range:

New York: $97000- $132000 / year

Richmond, VA: $81000 - $110000 / year  

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.  

  

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  

 

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.   

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.  

  

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, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Analytical

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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