About the position
The Market Operations and Analysis Associate position at the Federal Reserve Bank of New York places you at the heart of the financial world, providing a unique perspective on both national and international markets and economies. In this role, you will collaborate with a diverse group of experienced professionals dedicated to fostering the safety, soundness, and vitality of our economic and financial systems. The Bank emphasizes work flexibility, allowing employees to balance their professional and personal lives while also engaging in in-person collaboration with colleagues. Employees are expected to be in the office a couple of days per week for meetings and team collaboration, and it is essential that they reside within a commutable distance from the office. The New York Fed, representing the Federal Reserve System, offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA). This facilitates their official financial operations and supports financial stability both in the U.S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group addresses the U.S. dollar reserve management needs of its official customers by providing payments, custodial, clearing and settlement, collateral management, and investment and liquidity services. CBIAS has a long-standing history of delivering safe and efficient banking services to its customer base, managing over $7 trillion across more than 550 accounts for 250 FIMA customers and SOMA, with a transaction volume exceeding $300 billion per day. The Collateral Administration and Analysis (CAA) staff, part of the Settlement, Clearing and Collateral Management (SCCM) Directorate within CBIAS, is responsible for executing all post-trade support services for SOMA market operations and FIMA accounts activities. The CAA staff focuses on collateral-related operational and analytical activities that support SOMA portfolio operations. Additionally, CAA manages relationships with tri-party agents and middle office service providers, oversees risk management across business activities, and supports Desk and Group-related projects. As a Market Operations and Analysis Associate, you will provide management support to a team of professional analysts tasked with conducting daily operations and associated projects. This position offers a unique blend of business analysis, process re-engineering, and collaboration with business and technical support areas to develop and implement solutions aimed at enhancing the execution of business processes.
Responsibilities
- Support middle office operational activities related to collateral for SOMA and FIMA accounts.
- Conduct daily operations and associated projects as part of the CAA staff.
- Manage relationships with tri-party agents and middle office service providers.
- Oversee risk management across business activities.
- Support Desk and Group-related projects.
- Engage in business analysis and process re-engineering to improve operational efficiency.
Requirements
- Bachelor's degree in finance, economics, business administration, or a related field.
- Experience in financial operations or analysis, preferably in a banking or financial services environment.
- Strong analytical skills with the ability to interpret complex data and provide actionable insights.
- Excellent communication and interpersonal skills to collaborate effectively with diverse teams.
- Proficiency in Microsoft Office Suite, particularly Excel, for data analysis and reporting.
Nice-to-haves
- Experience with collateral management and post-trade support services.
- Familiarity with the Federal Reserve System and its operations.
- Knowledge of risk management principles and practices in financial services.
Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance plans including medical, dental, and vision coverage.
- Retirement savings plan with employer matching contributions.
- Flexible work arrangements to support work-life balance.
- Professional development opportunities and continued education support.
