Capital Markets Trading Analyst

About the role

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the NY Fed, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

The Markets Group of NY Fed implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Fed’s Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury. As part of these responsibilities, the mission of the trading desk in the Markets Group is to:

• Implement domestic open market and foreign currency operations in a manner that is consistent with directives of the Federal Open Market Committee.
• Monitor and analyze global financial markets to inform the formulation and implementation of monetary policy.
• Produce New York Fed Reference Rates using transactional data.
• Provide capital markets-related transaction services on behalf of the U.S. Treasury.
• Conduct financial market transactions on behalf of foreign and international monetary authorities (FIMA).

Your work will involve the maintenance and analysis of financial markets and transactional data, supporting the conduct of financial market operations to implement monetary policy and act as fiscal agent for the US Treasury, and market monitoring and analysis.

Responsibilities

• Maintain, improve, and build a variety of critical datasets and tools that support monetary policy operations and fiscal agent activities.
• Develop an understanding of a variety of relevant data sources, such as TRACE trade data, and others; work toward integrating those data sources and generating analysis to support the team’s daily activities; this may include integrating data into dashboards or using other visualization tools.
• Support and conduct the planning and execution of monetary policy operations (i.e., purchases and sales of Treasuries, repos, reverse repos) and/or fiscal agent transactions (i.e., Treasury debt auctions).
• Analyze and report on developments in financial markets as they relate to monetary and fiscal policy.
• Assist senior staff members with ad-hoc projects related to policy, operations, market analysis and data analysis.

Qualifications

• Demonstrated interest in financial markets and monetary policy including the ability to discuss the basic functions of the Federal Reserve.
• Full-time workplace experience handling and manipulating complex data sets.
• Experience with Microsoft Excel (can perform complex functions).
• Familiarity with data analysis or visualization tools such as Tableau/Power BI, SQL, Python, R, and/or Bloomberg.
• Familiarity with AI capabilities and productivity tools which could be leveraged to optimize operational and analytical processes and products.
• Strong written and oral communication and interpersonal skills.

Pay

Salary Range:

• New York: $100,700 – $124,600
• Chicago: $88,600 – $109,700

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.

Benefits

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities.
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources.
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center.
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program.

Our Culture is deeply grounded in our Touchstone Behaviors—By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career.