Monday, January 5, 2009

Trader / Analyst - Commerical Real Estate - Fed Reserve NY

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Description Req ID: 2607

Job Title: Trader Analyst (Commercial Real Estate)

Group: Markets Group

Location: HO - New York, NY (Head Office)

Job Status: Full-Time

Area Overview:
Domestic Capital Markets (DCM), within the Markets Group is seeking a senior Trader/analyst to provide specialty market coverage in the area of commercial real estate. DCM is responsible for monitoring non-Treasury and non-FX markets for the purpose of informing policy makers on matters related to monetary policy and financial stability. These markets include equities, credit, commodities, mortgages, swaps and agencies.

Job Responsibilities:

* The candidate would be expected to develop a macro approach towards analyzing corporate credit with a focus on those high-grade and high-yield sectors that have implications for monetary policy and financial stability. This will entail tracking credit spread movements in both cash and derivatives markets and understanding how they are impacted by changes in the macro environment. This will also entail informing policy makers on what these markets say about the macro environment and market liquidity;
* Understand the market microstructure against which price movements take place and the conditions under which they could negatively impact market liquidity and financial stability;
* Develop extensive contacts with corporate credit market participants – both primary dealers and buy-side investors -- as well as to interface with other areas of the bank, such as Bank Supervision and Research;
* The candidate would also contribute to the Group’s broader efforts to monitor financial markets globally for the FOMC and the Treasury, through desk rotations, daily written briefings and conference calls and market overview reports;
* Periodically contribute to policy focus groups and other internal policy teams.

Position Requirements:
o Master’s level degree in Business, Economics, Policy or a related area;
o At least two to three years of work experience in CMBS and commercial mortgage markets;
o Demonstrated proficiency in structured credit analysis;
o Strong quantitative skills and proven ability in working with an understanding a variety of credit market data;
o Demonstrated analytical skills, including substantial knowledge of financial instruments, market structure, macroeconomic theory, and monetary policy;
o Ability to analyze complex market issues, make decisions quickly, and respond under pressure;
o Strong written and verbal communication skills; ability to extract larger themes while providing concise, articulate, and insightful analysis in both written and verbal form;
o Ability to work productively on a high-performance team and as an independent analyst.
o Strong interest in a variery of markets including Treasury and Foreign Exhchange.

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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