The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations. 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 international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank’s role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia.
The Customer Account Services (CAS) directorate within CBIAS is responsible for relationship management and account services, investment and liquidity management, customer trend analysis, and market intelligence. The CAS directorate is currently seeking a Policy Analysis and Reporting Analyst for the Business Development (BD) staff. BD has three primary objectives: (1) to support the directorate’s stakeholder relationship management initiatives; (2) to leverage the informational value of CBIAS’s custody activity and of CBIAS’s role as secretariat of an international consultative group of official service providers to inform policymakers within the Bank and the Board of Governors of significant trends and developments; and (3) to advance value-added services and customer experiences offered by CBIAS to foreign official institutions.
The individual selected will play an important supporting role in the production of the staff’s data reporting, analytical, and project work.
The candidate will:
Participate in the CBIAS Reporting Team to produce timely and accurate holdings reports used for the generation of publicly disclosed balance sheet reports;
Participate in CBIAS’s Treasury International Capital (TIC) monthly and annual data reporting responsibilities;
Develop an understanding both of CBIAS operations and the broader international macroeconomic and financial market context in which we operate;
Monitor, manage, and analyze data on custodial holdings and customer activity in order to: Identify trends in the management of official U.S. dollar reserves, as well as other traditional and emerging reserve currencies; consider the impact of financial market developments on portfolio management decisions, and the impact of official customer activity on financial markets; and provide customers with value-added analysis and account-specific information;
Contribute to timely written or oral presentations about those trends;
Develop new analytical and software tools to support these efforts, while also ensuring ongoing integrity and consistency of data used in the business;
Provide support for projects to improve the services and added value that CBIAS provides to its customers.
Undergraduate degree in finance, economics, policy, quantitative analysis, statistics, or a related field;
One to three years of relevant work experience in capital markets, market operations, and data management and analysis;
Demonstrated skills and experience in data management and analysis – use of database software (Crystal Reports, Access, SAS), querying techniques (Oracle SQL) and/or macro-writing and programming (VBA, R, Python) – strongly preferred;
Ability to organize and present data to a senior audience in a user-friendly manner;
Basic familiarity with the economic and market factors that shape foreign currency reserve management decisions; knowledge of fixed income markets and basic portfolio management principles are a plus;
Experience with Spotfire business intelligence tools, Tableau, and Adobe desktop publishing software is a plus;
Strong quantitative, critical thinking and problem-solving skills;
Strong sense of initiative and intellectual curiosity, as well as an attention to detail;
Sound organizational skills and ability to manage multiple projects simultaneously;
Ability to collaborate with operational, technical and analytical staff at all levels.
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