Monday, January 5, 2009

Trader Analyst - Foreign Exchange

Description
Trader / Analyst - Foreign Exchange
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.

Summary of Trader / Analyst - Foreign Exchange :

The Foreign Exchange (FX) staff seeks a Trader/Analyst. The FX staff fulfills a range of analytical and trading responsibilities in order to implement the foreign exchange policy decisions of the Federal Reserve and the U.S. Treasury Department and to monitor and analyze developments in global foreign exchange and capital markets. The FX staff also carries out a range of customer-related foreign exchange transactions and monitors industry trends.

Responsibilities of Trader / Analyst - Foreign Exchange includes:

* Monitor, analyze and report on financial market developments:
o Track intraday and longer-term global asset price movements
o Interface with market participants and other areas of the Bank to obtain context for asset price movements
o Analyze findings and identify themes relevant to the development of monetary policy and foreign exchange policy and understanding of financial stability conditions
o Prepare detailed written analyses and present oral briefings on market developments to officials in the Federal Reserve System and U.S. Treasury Department on a daily, weekly, FOMC-cycle and ad hoc basis.
* Assume responsibility for specialist coverage of a specific region or asset class

# Plan for and execute transactions in foreign exchange markets on behalf of the U.S. monetary authorities, U.S. government and foreign official customers
# Participate in and/or manage projects to enhance the Markets Group’s ability to conduct operations and analysis.

Requirements
Trader / Analyst - Foreign Exchange
Requirements for Trader / Analyst - Foreign Exchange includes:

* Master’s level degree in business, finance, economics, policy or a related area;
* Two to five years of work experience in foreign exchange is required;
* Demonstrated analytical skills, including substantial knowledge of financial instruments (particularly foreign exchange and fixed income mathematics) and financial market structure, macroeconomic theory and monetary policy;
* Ability to analyze complex market issues, make decisions and respond under pressure;
* High aptitude for performing operational activities with attention to detail and analytical duties under time pressure;
* Proven ability to provide concise, articulate and insightful analysis in written and verbal form;
* Ability to work productively both independently and in a high-performance team;
* Overtime and early shifts are required.

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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