The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank’s role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located in New York City and Richmond, Virginia.
The Specialized Risk Management (SRM) staff is one of three units in the Account Risk Management (ARM) directorate within CBIAS. The ARM directorate is responsible for account control and risk management activities.
The SRM team is seeking to hire a collaborative and highly capable analyst to join the team to play a key role in managing and analyzing data. In addition to the ability to work with large volumes of data, the candidate should have strong communication and writing skills, including the ability to clearly and concisely articulate complex concepts to senior management, as well as superior project and time management skills. The position entails supporting the team’s engagement with staffs at foreign central banks, as well as with other external stakeholders. The role affords a unique opportunity to gain exposure to currency, payments, and anti-money laundering (AML)/counter-terrorism financing (CFT) issues within the international policy and operations arena. The role will also support other data-focused SRM projects on an as-needed basis.
Work closely with staff at accountholder central banks to design and maintain data templates, workbooks, and processes to ensure timely and accurate data reporting
Maintain relevant datasets, involving frequent data validation to ensure accuracy and integrity of data
Generate weekly and ad hoc analyses, including account activity dashboards, written summaries, presentations and other analytical reports
Contribute to the team’s analytical tools and business processes by making improvements in data collection and database management
Assist with organizing calls/videoconferences with accountholders and other relevant stakeholders; help identify, track and provide assistance to follow up on action items
Perform team operational duties, e.g. transaction reviews
Lead or assist with other data projects as needed
Support news monitoring and research efforts focused on relevant international financial and economic issues
Bachelor’s degree (Master’s degree a plus) in business, international affairs, economics, or a related area
2+ years of relevant data analysis, financial services or international affairs experience
Demonstrated quantitative/qualitative analytical and data visualization skills
Keen attention to detail
Advanced computer skills, including proficiency in Microsoft Excel, PowerPoint, SharePoint, Tableau preferred. Other programming skills (e.g., Python, R, SQL, VBA) desirable
Excellent communication and writing skills
Excellent diplomatic and interpersonal skills
Subject matter interest in international policy issues preferred
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