Saturday, April 23, 2011

Trader/Analyst - Insurance Sector

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The Markets Group at the Federal Reserve Bank of New York is responsible for planning and executing open market operations, reporting financial market developments to policy makers, and managing foreign customer accounts.

The Credit Intermediation staff within the of the Markets Group is seeking a Senior Trader Analyst responsible for conducting analysis related to the insurance sector. The Credit Intermediation staff is responsible for contributing to analysis of financial firms that are integral to the credit intermediation process including banks, non-bank finance companies, insurance companies and financial conduits. The group provides short- and medium-term analysis of these sectors within the context of global asset market monitoring and financial stability more broadly. The Credit Intermediation staff is seeking an individual with expertise in the insurance sector to integrate cross-sectional analysis of insurance companies into the Markets Group’s market monitoring efforts and financial stability analysis.

Responsibilities

Trader Analysts are responsible for contributing to the Markets Group’s daily efforts to report developments in global asset markets for policy makers. In addition, Trader Analysts conduct in-depth analysis related to their specialty markets, including the insurance sector, often in conjunction with other specialists in related areas of expertise. Specific responsibilities include:

# Monitor key data on insurance sector performance and insurance company investment positions in asset markets and funding markets
# Contribute to daily market monitoring products and in-depth briefings on issues related to insurance sector investment practices and asset price movements
# Prepare and deliver written analysis and oral briefings on market developments to officials in the Federal Reserve, the Treasury and other official institutions
# Produce regular in-depth analysis of trends within insurance cohorts
# Evaluate the potential impact of financial reform efforts on the insurance sector and investment and funding practices by insurance companies
# Collaborate with other Federal Reserve colleagues within the Markets Group and the Federal Reserve System more broadly in cross-disciplinary projects to understand the impact of investor flows, positioning, new investment vehicles and instruments on market functioning and financial stability
# At times lead or coordinate interdisciplinary analytical efforts or short term projects
# Participate in a 6 to 9 month cross-market monitoring training through an internal training program

Requirements

The ideal candidate would have the following qualifications:

# Master’s level degree in Business, Economics, Policy or a related area; or an undergraduate degree coupled with more than seven years of relevant experience
# Five to seven years of work experience in market analysis, strategy or trading with an orientation towards insurance companies and analysis of statutory and financial data of insurance and reinsurance companies
# Demonstrated expertise in analyzing insurance company trends, including substantial knowledge of insurance companies’ business models, funding and capitalization practices, and performance
# Deep understanding of international regulatory regimes and U.S. states’ regulatory structures for insurance companies
# Demonstrated ability to lead and participate effectively in group projects with a proven track record of driving results despite competing priorities and short time tables
# Demonstrated ability to engender collaboration and information sharing

* Proven ability to lead concise and effective discussions in both formal and informal settings

# Strong written and verbal communication skills; ability to extract larger themes while providing concise, accurate, and insightful analysis in both written and verbal form
# Excellent diplomacy skills with the proven ability to work well with external and internal colleagues

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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