Capital Markets Trading Associate- CMM (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.

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 Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring, and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:

 

Your role as a Trading Associate: 

• Monitor, analyze and report to policy makers on global financial market developments:

• Track intra-day and longer-term global asset price movements; Interface with market participants to obtain context for asset price movements;

• Integrate insights from analysis of price action, outreach to market contacts, and developments to identify themes relevant to the monetary policy process;

• Prepare detailed written analysis and present oral briefings on market developments to officials in the Federal Reserve, the Treasury, and other institutions;

• Relate developments in financial markets to issues pertaining to financial stability; and

• Assume responsibility over time as a Markets Group specialist for a specific aspect of financial markets.

• Plan and execute transactions in foreign exchange or fixed income markets on behalf of the U.S. monetary authorities, foreign central banks, and other customers

• Participate in projects within the Markets Group related to increasing the effectiveness and efficiency of our work

• Performs related duties as required

 

What we are looking for: 

• A successful track-record demonstrating quantitative and advanced analytical skills in the workplace

• Knowledge of financial instruments and financial market structure, macroeconomic theory and monetary policy

• Ability to combine intelligence gathered from multiple sources and with available data to produce well-written executive summaries and presentations to a wide range of audiences

• Ability to analyze complex market issues, make sound decisions and respond in time- sensitive situations

• Professional experience working productively in a high-performance team atmosphere and as an independent analyst

• Prior advanced coursework in economics, finance, public policy or a related field

• Periodic early morning rotations may be required

• Must adhere to area specific financial disclosure requirements

 Desirable Criteria

• Experience with SQL and/or Python is a plus
• Evidence of a desire to continually learn and improve skillsets

 

 Salary Range: $128,000/ 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.