Domestic Money Markets Policy & Market Analysis Associate
The Domestic Money Markets (DMM) staff is looking for an experienced candidate to contribute to high-profile operational, analytical and policy work. In addition to contributing to the DMM staff mandate -- understanding and managing domestic reserves and keeping the policy rate within the target range established by the Federal Open Market Committee (FOMC) -- the job also entails developing expertise in short term funding conditions across all domestic money markets; creating and contributing to ad hoc and in-depth analysis of these markets with senior management of the bank and across the Federal Reserve System; analyzing developments with money market mutual fund and tri-party repo reform; contributing to Cross Market Monitoring; becoming familiar with repo and reverse repo operations.
Qualifications:
Requirements
· Master's degree in economics, public policy, finance or a related field and at least two years relevant work experience
· Demonstrated analytical skills, including general knowledge of banking and financial markets, monetary policy, and of the Federal Reserve System
· Proven ability to provide concise, articulate and insightful analysis in written and verbal form
· Proven ability to compile qualitative and quantitative analysis on the financial markets in a time sensitive environment
· Ability to take initiative and work productively in a high-performance team atmosphere and as an independent analyst
· Daily contact with market participants to stay abreast of market conditions
· Ability to accurately perform transactional and analytical duties under time pressure
· Ability to interact effectively with peers, subordinates, senior management, and outside counterparties
· Ability to effectively represent the Markets Group and the Bank on issues related to monetary policy operations and the implementation of 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.
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