Federal Reserve Bank (FRB)
Foreign Reserves Strategist (Finance)
What we do:
The Markets Group at the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System (FRS) and acts as fiscal agent for the U.S. Treasury Department. As part of these responsibilities, the Market Operations Monitoring and Analysis Function (MOMA) within the Markets Group executes transactions in the open market and conducts detailed analysis of financial market developments to support monetary policy and financial stability decision-making processes.
The Foreign Reserves Management (FRM) Directorate within the International Markets unit in MOMA is responsible for managing the U.S. foreign exchange reserves, composed of the euro and the Japanese yen portfolios of the System Open Market Account (SOMA) and the U.S. Treasury's Exchange Stabilization Fund (ESF). The directorate contributes to the broader analytical activities of MOMA through monitoring and analyzing developments in the markets in which these funds are invested, with a particular focus on market function, structure and liquidity, and collaborates closely with the Foreign Exchange and Global Markets directorate, which is responsible for the analysis of international markets, the execution of FX swap lines and the execution of foreign exchange operations for both the SOMA and as fiscal agent for the Treasury. The FRM staff is also responsible for maintaining a general expertise in foreign reserves management theory and practices.
Your role as a Foreign Reserves Strategist:
In this capacity, you will contribute to the management the SOMA and ESF foreign reserves portfolios and implementation of the investment framework to support policy objectives , including:
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all 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.
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, or military service.
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.