Financial Markets and Data Management Analyst
The Markets Group at the Federal Reserve Bank of New York is responsible for the implementation of monetary and foreign exchange policy, providing payments and custody services to foreign central banks, and auctioning and issuing Treasury debt as the fiscal agent for the U.S. Treasury. As part of these duties, it executes transactions in the open market and conducts detailed analysis of financial market developments in support of the monetary policy decision-making process.
The International Market ("IM") Directorate within the Markets Group is responsible for providing in-depth analysis of global financial market developments and international policy matters that contributes directly to the broader analytical work conducted by the Markets Group specifically and the Federal Reserve System more broadly. The Directorate also has many operational responsibilities, including executing U.S. foreign exchange policy and foreign exchange customer transactions, managing the U.S. foreign exchange reserves, and managing foreign exchange swap lines with foreign central banks.
The Global Foreign Exchange and Commodities ("GFEC") staff within the Directorate is seeking a Business Support Analyst ("BA") to assist in the analysis of developments in the foreign exchange and commodities markets; support the foreign currency and foreign fixed income operations executed by the Directorate; manage the range of data resources that advance the Directorate's core businesses; and provide support to the Foreign Exchange Committee ("FXC").
Responsibilities:
- Track developments in foreign exchange markets and collaborate with staff to produce reports that inform senior policymakers on topics relating to monetary policy decisions, global foreign exchange developments and market functioning
- Provide leadership in identifying data sources related to the foreign exchange market and manage the multitude of data sets that support the team's business needs
- Organize economic and financial market data, build data queries in statistical software and develop tools to more efficiently report on price action in foreign exchange markets or on Desk operations
- Improve the efficiency of existing analytical processes through the development of new tools or enhancing existing tools to deliver more timely data analysis
- Support the analysis and management of the foreign exchange reserves portfolio, including developing tools that improve workflows and executing some transactions
- Support the FXC Secretariat on the semi-annual and triennial foreign exchange turnover surveys as well as on the Committee's analytical products
Qualifications:
Required Skills:
- Bachelor's degree in Economics, Statistics, Mathematics, Finance, Computer Science or equivalent discipline; with a minimum of 2 years relevant work experience preferred
- Significant experience or coursework in economics or statistics
- Proven experience building tools and reports that facilitate analysis of large sets of data
- Demonstrated knowledge of data management
- Advanced knowledge of Excel and VBA
- Strong working knowledge of SQL and SAS or Matlab
- Sound organizational skills, including the ability to handle multiple assignments and to meet tight deadlines
Desired Skills:
- Familiarity with and interest in financial markets, particularly foreign exchange and fixed income
- Experience with Bloomberg and other financial market data providers
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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