Director of Reference Rates

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation.

Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S.

economy and stability of the global financial system.

At the Bank, we work full-time onsite with our teams.

We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission. 

Our Unique Work:     

The Domestic and International Markets (DIM) Function within the Markets Group executes transactions in the open market on behalf of the Federal Reserve System, the U.S.

Treasury Department, and foreign official customers, and conducts detailed analysis of financial market developments in support of the Federal Reserve’s monetary policy and financial stability decision-making process.

  

The Director of Reference Rates (RR) is a member of the DIM Senior Leadership team and provides leadership and management to the Reference Rates Directorate.

 The Reference Rates business line is composed of one staff unit, across two physical locations, and has a combination of policy-relevant operational and analytical responsibilities.

 On the operational side, Reference Rates is responsible for producing a number of globally important reference rates, including the Secured Overnight Funding Rate (SOFR) and the Effective Fed Funds Rate (EFFR).

 On the analytical side, RR is responsible for producing high quality, timely, and policy-relevant analysis of money market developments, working closely with the Money Markets Directorate, for the Federal Reserve System and U.S.

Treasury Department.  The Reference Rates Directorate also oversees the administration of the Reference Rate Use Committee (RRUC), an industry group sponsored by the New York Fed to support the integrity, efficiency, and resiliency in the use of U.S.

dollar denominated reference rates across financial markets. 

How You’ll Make an Impact as the Director of Reference Rates:   

Provide strategic leadership of and manage reference rate production and analysis of key money market developments.  

 

People management responsibilities: 


* Direct a high-performing team of managers, specialists, and analysts engaged in reference rate production in support of the Federal Reserve Bank of New York’s responsibility as an administrator and producer;  



* Provide strong leadership which cultivates a professional workplace environment that promotes inclusiveness, fosters collaboration, and supports open and transparent communication with an emphasis on talent management to attract, develop, and retain top talent; 



* Direct the...