Head of Markets Group at Federal Reserve Bank (FRB) in New York, New York

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’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person. Employees are expected to live within a commutable distance of their primary work location to support team collaboration.

What we do: 

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 Head of the Markets Group leads key activities that include implementing market operations consistent with Federal Open Market Committee (FOMC) authorization and directives, monitoring and analyzing global financial market developments, executing lender of last resort operations and collateral valuation services, providing financial services for foreign and international monetary authorities, and providing capital market-related services to the U.S. Treasury as its fiscal agent. 

The Federal Reserve Bank of New York (Bank) seeks an inspiring and experienced leader to serve as Head of the Markets Group, a pivotal role responsible for setting the strategic vision and driving operational excellence across the Group. Reporting directly to the President and CEO of the Bank, you will work collaboratively with the Executive Committee to set the strategic direction for the Markets Group and work to drive strategic initiatives for the Bank and Federal Reserve System to advance our mission, vision, and values. 

The individual in this role will lead with a commitment to creating a truly inclusive and highly collaborative culture, developing agile teams and achieving results in a rapidly changing financial and technological landscape. You will bring a proven track record of operational excellence; exceptional people leadership; and inspiring, supporting, and developing talent to achieve desired results in a highly dynamic environment while maintaining the highest standards of excellence. 

Your role as Head of Markets Group: 

• Inspire, motivate, and empower others to achieve goals, and foster an inclusive environment that allows everyone to do their best work. 

• Direct and coordinate the activities of the Markets Group in accordance with the Bank mission, vision and values, while also being an active participant in the development of the Bank’s strategic efforts. 

• Effectively communicate, advocate, and proactively advance the principles, values, strategy, and priorities of the Bank, bringing managers and leaders along in their understanding and ability to align and execute accordingly. 

• Partner with colleagues within the Bank and throughout the Federal Reserve System, as well as with external stakeholders, to identify and address business needs, using influence and empathy to build relationships by earning trust and confidence. 

• Provide the highest quality service and execution of operational responsibilities and ensure that all governance and control requirements are achieved to the highest standards. 

• Evaluate the Group’s structures and teams on an ongoing basis to ensure continuous improvement, as well as the efficiency and effectiveness of the group. 

• Build strong and inclusive teams within the Markets Group. 

• Engage with individuals to monitor and assess their professional and personal growth, with emphasis on developmental opportunities. 

• Lead the program vision to evolve our technology to effectively support monetary policy implementation, global financial stability, and the role of the US Dollar as the global reserve currency. 

What we are looking for: 

• Outstanding people leader with inspirational leadership skills. Proven ability to positively coach, lead, and develop others to achieve their professional best. 

• Strong collaboration skills, a focus on positive intent, and an interest in ensuring strong relationships with the ability to partner effectively with others in the pursuit of common goals. 

• Emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability, and authenticity, as well as the capacity to embrace and draw from diversity and inclusion to improve the quality of outcomes. 

• Executive presence and judgment in communicating and supporting effective discussion and decision making among staff, boards, policy makers, and others. 

• Track record of strong operational management, process improvement, and risk management experience. 

• Intellectually curious and nimble, with the demonstrated ability to learn, synthesize, and apply a range of information and experience quickly in new situations and settings. 

• U.S. Citizenship required 

Salary Range: $450000 - $515000 / 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.  

  

Application Deadline: Monday, January 27th, 2025. 

Applicants are kindly requested to include a letter of interest along with their application. 

 

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:  

The Bank’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person. Employees are expected to live within a commutable distance of their primary work location to support team collaboration. 

 

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  

 

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.   

  

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.  

This position requires a National Security Clearance, access to which is limited to U.S. Citizens.  

In addition, 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, prior to hire and during employment.   

  

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Banking Strategy

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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