Central Bank and International Account Services Analyst

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies.

You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person.

Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:

The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as support financial stability operations in the U.S.

and abroad.

The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S.

dollar reserve management needs of its official customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services.

CBIAS has a long history of providing safe and efficient banking services to its customer base by managing over $7 trillion for FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day.

CBIAS maintains two operating locations, in New York City and Richmond, Virginia.

The Cash Management (CM) staff is one of four staff units in the Customer Account Services (CAS) Directorate within CBIAS.  The CAS Directorate is responsible for relationship management and account services, investment and liquidity management, customer trend analysis, and market intelligence.  We are looking for a Cash Management Analyst to support CM’s work in monitoring and management of the liquidity positions of central bank accounts and in investing customer funds in USD funding and government securities markets.

The role includes initiating and participating in dialogue with customers and their counterparties on account management issues. 

Your role as Cash Management Analyst:


* Monitor and manage customers' account activity, including recommending and executing investment actions such as the purchase and sale of Treasury securities as well as overnight investment in the customers repurchase agreement pool.


* Assist in the development and implementation of procedures and controls designed to maximize the efficiency of CM operational activities.


* Prepare data and/or communications to provide excellent customer service, while advancing FRBNY interests, especially as they relate to ensuring sufficient customer liquidity and effective management of the customers repurchase ag...