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04JUNE - International Financial/Economic Senior Associate - Federal Reserve Bank of New York - Deadline: N/A

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Organization Description
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services.

The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture.

Job Description
The International Affairs & Strategy function in the Executive Office is responsible for strategically strengthening the Bank’s international relationships to generate insights about the global economic and financial environment, enable collaboration on issues of mutual interest, and facilitate the execution of the Bank’s international responsibilities.

Department Overview: The Country Risk Department in the International Affairs and Strategy function is responsible for:

  • Providing a country risk framework and analysis on country developments and regional trends in support of the Bank’s international operational and policy activities and external engagement;
  • Developing working relationships with global central banks and governments, US government entities and private sector institutions;
  • Ensuring that insights from international engagements are effectively disseminated within the Bank;
  • Facilitating standing and ad-hoc cross-Bank teams to promote information sharing and analytical collaboration on international work.

Analyze country and regional financial and economic fundamentals, political developments and associated policy issues in order to inform and support Federal Reserve international policy and operating decisions and external engagement. 

Location – New York, NY

Job Responsibilities

  • Analyze macroeconomic fundamentals including the evolution of the real economy, balance of payments, and fiscal accounts; and monetary, fiscal and external sector policy frameworks;
  • Analyze financial sector trends, credit conditions and systemic risks;
  • Analyze country political and regional geo-political developments and associated policy issues;
  • Provide analytical and external engagement support for international policy and operational business lines; 
  • Evaluate country and transfer risk for countries with large US bank exposures;
  • Facilitate cross-Bank teams to address topical international analytical issues and support external engagement;
  • Participate in Bank and System efforts to evaluate international financial, economic, and market trends and policy issues via written analysis and oral briefings;
  • Develop and maintain working relationships with US government agencies, foreign central banks and public sector entities and international financial institutions;
  • Travel to portfolio countries and participate in, and provide analysis in support of, senior management engagement, including coordination and preparation of briefing materials and trip readouts.

Job Requirements

  • Advanced degree in business, finance, economics, or public policy including training in international economics and finance, and approximately five to seven years of relevant experience;
  • Ability to obtain US security clearance that includes verification of U.S. Citizenship;
  • Familiarity with country risk analysis and background providing macroeconomic, financial sector, and political analysis for senior level executives;
  • Strong analytical and critical thinking skills demonstrated by the ability to draw on relevant in-house and external expertise, assimilate new information quickly, understand complex topics, and develop sound conclusions in a timely manner;
  • Experience working in a team environment where collaboration across functions/stakeholders was essential for success;
  • Strong verbal and written communication skills, including the ability to concisely synthesize key views and high-level takeaways for a senior audience;
  • Effective interpersonal and diplomatic skills including the ability to develop and maintain a broad range of internal and external contact networks;
  • Strong project and team management skills, including good judgment, influencing and problem solving capabilities, excellent organizational skills and the ability to manage multiple assignments simultaneously;
  • Proven ability to manage and quickly synthesize quantitative data from diverse sources to draw inferences and support analytical conclusions;
  • Foreign language skills and regional expertise strongly preferred.

How to Apply
Please apply online: https://frb.taleo.net/careersection/02b_external/jobdetail.ftl?job=250590&src=JB-10080.

Deadline – N/A