Federal Reserve Bank of New York
NY-New York City
Full-time / Part-time
The Markets Group of the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System and acts as fiscal agent for the U.S. Treasury.
The Analytical Development (AD) staff within the Markets Group conducts quantitative analysis of financial markets.
AD is currently seeking an Analyst to contribute to the development of econometric and asset pricing models for use in the ongoing analysis of financial markets, the formulation of monetary policy, and the planning and review of monetary policy implementation.
Typical areas of model-based analysis include the term structure of interest rates, interest rate volatility, inflation compensation, interbank funding markets, securitized products, and foreign exchange, with a particular emphasis on the impact of monetary policy decisions on these and other asset prices.
The ideal candidate understands monetary policy, econometrics, and asset pricing, and can produce concise written analysis for Federal Reserve policymakers under tight deadlines.
Good interpersonal, communication, and analytic skills are important qualifications, as well as being a quick study of new financial instruments and new quantitative modeling techniques.
Applicants must have experience conducting quantitative analysis on financial or economic data and should hold a graduate degree in finance, economics or another relevant field or have equivalent work experience.
Contribute to the development and implementation of models for use in ongoing market analysis and review of monetary policy implementation, working closely with Markets Group staff covering foreign exchange, fixed income, equity, credit, mortgage, and money markets
Contribute to research projects focused on timely market and policy developments, published for audiences throughout the Federal Reserve System
Participate in presentations of model and project results to senior policy makers.
Advise Markets Group staff on the application of econometric methods, calculation of market expectations implied by financial instruments, and modeling of asset prices
Collaborate with colleagues in FRBNY Research and at the Board of Governors
Continuously expand understanding of financial and macroeconomic theory and empirics.
Conduct analytically rigorous empirical work on time series and panel data
Graduate degree in finance, economics, or related discipline or equivalent work experience
Some experience and interest in applying econometric methods to the study of financial asset prices and/or to optimizing outcomes in the trading of financial products
An understanding of macroeconomics and the role of the Federal Reserve in the economy
Good written and oral communication skills, including the ability to present ideas in a clear and concise manner to senior management
Sound organizational skills, including the ability to handle multiple projects
Some experience with at least one or more of the following:
Eviews, Stata, SAS, Matlab
A sincere interest in public service and monetary policy
This position requires access to 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, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
Federal Reserve Bank of New York - 9 months ago
The Federal Reserve Bank of New York is the largest in the Federal Reserve System to oversee US bank activities. It issues currency, clears...