Saturday, April 23, 2011

Trader/Analyst - Non Bank Finance Companies & Conduits

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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 term financing vehicles or “conduits” and non-bank finance companies. 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 financial 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 non-bank finance companies and/or financial conduits to integrate cross-sectional analysis of these entities into the Markets Group’s market monitoring efforts and financial stability study. The ideal candidate would have a strong understanding of financial conduits or private sector non-bank finance companies, which are principally engaged in the business of extending credit to household and corporate sectors. Candidates should be knowledgeable about legal and accounting rules related to finance companies and term financing vehicles, relationships with liquidity providers and recent trends in investment vehicles.


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 non-bank finance companies and private conduits, often in conjunction with other specialists in related areas of expertise. Specific responsibilities include:

# Follow performance trends of non-bank finance firms and conduit entities and monitor their investment positions in asset markets and funding practices
# Contribute to daily market monitoring products and in-depth briefings on issues related to investment practices and asset price movements
# Produce regular in-depth analysis of trends among non-bank finance firms and conduits
# Evaluate the potential impact of financial reform efforts and their potential effects on the incentives for financial conduits or newly formed investment firms funded through debt
# 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 cross-market monitoring training through an internal training program


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 non-bank finance firms or conduits
# Demonstrated expertise in analyzing non-bank finance companies or private conduit investment firms. Demonstrated familiarity with business models, funding practices and legal structures and innovation trends
# Demonstrated ability to lead and effectively 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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1 comment:

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