Settlement, Clearing and Collateral Management 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’s flexible work model supports balancing the demands of work and life, while prioritizing the value of connecting and collaborating with our colleagues in person.

Employees are expected to live within a commutable distance of their primary work location to support team collaboration.

What we do: 

The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as supporting financial stability 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 fulfilling a range of responsibilities to help manage over $7 trillion for over 550 accounts across 250 FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day.

CBIAS currently runs a split operation with staff located at two locations, New York City and Richmond, Virginia.

The Settlement, Clearing and Collateral Management (SCCM) Directorate within CBIAS oversees all clearing and settlement services for SOMA market operations and FIMA accounts activities, and collateral management services.

The Clearing and Settlement Service (CSS) business line in SCCM is looking for an analyst to perform a variety of business and operational activities in providing confirmation, clearing, settlement, and payment services to support FIMA customers.

We offer a unique blend of business analysis, process re-engineering and collaboration with business and technical support areas to develop and incorporate solutions to improve the execution of business processes.

You will demonstrate your unique blend of operations, analytical and technical skills in this position.

Your role as a Settlement, Clearing and Collateral Management Analyst:


* Provide support in the clearing and settlement services business with a focus on performing settlement operations, resolving issues, and addressing inquiries/needs of foreign central banks, international agencies, and the SOMA's Open Market Operations Desk.


* Gain an understanding of the systems that support the operation, positioning oneself to contribute to a wide range of...