Monday, January 5, 2009

Senior Trader / Analyst - Markets - Fed Reserve NY

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Senior Trader / Analyst - Markets
About Us:

The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The "Fed," as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States.

Area Overview:

The Treasury Market Policy staff is seeking a senior Trader Analyst. The Treasury Market Policy staff is one of six trading Desk staffs on the Open Market Trading Desk at the Federal Reserve Bank of New York. The Treasury Market Policy Staff fulfills a range of responsibilities, from executing permanent open market operations to supporting Treasury debt management activities. As part of the Desk, these positions provide an opportunity for involvement in the Bank’s key objectives: contributing to the development and implementation of monetary policy and providing safe and efficient financial services to the U.S. government.

Specifically, the TMP staff provides market monitoring and in-depth analysis and reporting on developments in the Treasury market. The staff is also responsible for carrying out the Bank’s Treasury market surveillance mission, coordinating with the Inter-Agency Working Group on Market Surveillance (“IAWG”) and activities related to the Bank’s sponsorship of the Treasury Market Practices Group (“TMPG”). Operational responsibilities on behalf of the FOMC include purchases and sales of US Treasury securities to permanently change the level of reserves in the banking system and the lending of securities from the System Open Market Account (“SOMA”) portfolio. The staff also transacts in the US Treasury markets as agent for foreign central bank customers. Further analytical and project-related work for the Treasury Department includes support for debt management decisions.

Responsibilities of Senior Trader / Analyst - Markets:

* The Treasury Market Policy staff seeks to add a Trader Analyst to manage one of the major business lines.
* Contribute to analytical projects related to the promotion of the smooth functioning of the Treasury market.
* Monitor, analyze, write and report to policy makers on developments in the Treasury market.
* The position will involve frequent contact with market participants, senior officials at the FRBNY and Board of Governors, and the Treasury Department.

Senior Trader / Analyst - Markets
Requirements for Senior Trader / Analyst - Markets:

* Graduate degree in business, public policy, finance, economics or similar discipline and at least three to four years of relevant work experience.
* Extensive experience (3-4) in analysis of broad financial market developments.
* Ability to analyze complex market issues, make decisions and respond under pressure.
* A strong sense of initiative.
* Excellent organizational skills to manage multiple projects at once under time pressure.
* Ability to work productively on a high-performance team and as an independent analyst.
* Knowledge of fixed income markets, particularly the Treasury market a plus.
* Experience with or detailed knowledge of trading operations in fixed income markets is highly desirable.
* Experience with Bloomberg and Reuters, Excel and Access preferred.

In some cases, positions require access to confidential supervisory 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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