Capital Markets Trading Associate

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 NY Fed, 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 Markets Group of NY Fed implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Fed’s Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S.

Treasury.

 

As part of these responsibilities, the mission of the trading desk in the Markets Group is to:


* Implement domestic open market and foreign currency operations in a manner that is consistent with directives of the Federal Open Market Committee


* Monitor and analyze global financial markets to inform the formulation and implementation of monetary policy


* Produce New York Fed Reference Rates using transactional data.


* Provide capital markets-related transaction services on behalf of the U.S.

Treasury


* Conduct financial market transactions on behalf of foreign and international monetary authorities (FIMA)

 

How You’ll Make an Impact as a Capital Markets Trading Associate:

Your work will involve monitoring and analyzing FX market developments and trading conditions as well as conducting financial market operations to implement monetary policy and act as fiscal agent for the U.S.

Treasury.

More specifically, you will:


* Monitor and analyze FX markets, liquidity and market structure, and broader global market developments; engage with market participants to obtain context for price movements


* Integrate insights from analysis of FX price action and outreach to market contacts to identify relevant themes


* Produce detailed, high-quality written analysis and present oral briefings to stakeholders


* Execute foreign exchange trading activities and operations for customers, including FX intervention on behalf of U.S.

monetary authorities, in accordance with risk management protocols


* Participate in ad-hoc projects related to foreign exchange markets, broader global financial market developments, and/or trading operations


* Some domestic and international travel required

The Unique Skill Sets We’re Looking For: 


* Prior coursework in economics, finance, public policy, or a related field


* Deep interest in foreign exchange markets, global macro and/or financial market developments 


* Successful experience applying analytical and cri...