Financial Market Trader Jobs (NOW HIRING)

CompanyFederal Reserve Bank of New YorkWhen 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 Open Market Trading Desk (Desk) within the Markets Group is comprised of several functions: the Domestic and International Markets (DIM) Function executes transactions in the open marketon 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 theFederal Reserve'smonetary policyand financial stabilitydecision-making process; the Cross Market and Portfolio Analysis (CMPA) function monitors and analyzes the System Open market Account (SOMA) balance sheet and global financial markets to inform the development and implementation of monetary and financial stability policy; the Treasury Debt Financing (TDF) function executes Treasury auctions as fiscal agent for the U.S. Treasury, and the SOMA Portfolio and Strategy (SPS) function supports the SOMA Manager's responsibilities in managing the SOMA portfolio and implementing monetary policy as directed by the Federal Open Market Committee (FOMC), informing policymakers on financial market developments and SOMA transactions, and advising policymakers on financial market, communication, and policy implementation issues.

The Director of the Chicago office serves as the senior leader in Chicago, ensuring direction, communication and integration for successful and resilient split operations. This person is also a member of the Markets Group management and Desk and DIM senior leadership teams and provides leadership to the Markets Chicago office across the Desk. In addition, the Director of the Chicago office will foster strong interconnectedness between the Chicago office and the Desk, Markets Group, FRBNY, Board, System, and further build relationships with Federal Reserve Bank of Chicago leaders and staff. In the event of a severe disruption to New York based operations, the Director of the Chicago office will work with the Chicago leadership team to ensure continuity of Desk operations and analysis working with stakeholders at the Board, System, and U.S. Treasury.

HowYou'llMake an Impact as the Director of the FRBNY Markets Chicago office:

Serve as the senior Desk leader onsite in Chicago, providing leadership, direction and oversight to the Chicago office. This includes ensuring the effective communication, integration, and consistency necessary for successful and resilient split operations in normal business conditions and standing ready to execute the Desk's critical activities in a variety of contingency situations.

Responsibilities:

• Foster deep interconnectedness between the Chicago office and the Desk, the Markets Group, FRBNY, FRB Chicago, Board and FRS to enhance resilience and consistency in normal business conditions and contingency situations.

• Build and cultivate strong and productive partnerships with internal and external stakeholders to ensure the successful attainment of the office's mission and objectives.

• Coach and mentora high-performing team ofmanagers, advisors, andanalystsin the Chicago office, develop a strong pipeline of talent from the region with a focus on recruitment and retention, and manage a Business Operations Associate to deliver on key priorities

• Provide strong leadership in the Chicago office which cultivates a professional workplace environment thatpromotes inclusiveness,fosters collaboration,and supportsopen and transparent communicationwith an emphasis on talent management to attract, develop,and retain top talent

• Lead the Desk's geographical resiliency strategy by working with Function Heads, Desk directors, and Group and Bank leadership to support staffing and succession planning for Chicago, coordinating robust business continuity plans, and leading and coordinating readiness efforts across the Desk

• Develop and maintain relationships with financial market participants in Chicago to augment broader Desk market outreach efforts.

• Support Function Heads on high priority cross-Desk efforts such as facilitating strategic planning, resourcing and risk management with a particular focus on generating efficiencies across the Desk in such work.

• Provide cross-Desk leadership coordination for Desk forums and promote strong risk management practicesandensure a robust control environment and culture given the Chicago office's critical role in resiliency.Collaborate withfirst, second, and third linepartners and System stakeholders to ensure the readiness, resiliency andeffectiveness ofoperational toolsfor the range of market operations.

The Unique Skill SetsWe'reLooking For:

• Relevant work experiencewith a demonstrated interest infinancial marketsandcentral bankpolicy implementation. Substantial knowledge of financial instruments, market structure, macroeconomic theory and monetary policy

• Excellent demonstrated leadership and decision-makingskills with the ability to oversee highly visible,time sensitiveand consequentialfinancial market operations; foresight to anticipate and respond to rapidly evolvinganalyticalneeds and priorities

• Strong business judgment, proactive leadership, and a strategic orientation to lead a high performing team

• Strong negotiation and influencing skills with the ability to garner support for business initiatives and strategies across multiple stakeholders

• Demonstrated agility and flexibility to guide the Chicago office through change management and unforeseen business challenges

• Strong aptitudeandexperiencein the sustainable and ongoing development oftalent, withatrack recordleadingwide-ranging teams to achieve high-quality and timely results across policy, operational, and analytical objectives;

• Demonstrated ability to provide constructive and timely coaching and feedback on performance, strengths, and areas of development; demonstrated commitment to providing meaningful growth opportunities to team members;

• Keen self-awareness and high emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability, and authenticity,and the capacity to embrace and draw fromvarious perspectives in an inclusive wayto improve the quality of outcomes

• Ability to build highly effective and collaborative relationships and create cross-functional synergies; possess strong interpersonal and diplomacy skills, with demonstrated leadership in managing complex relationships

• Strong analytical, written and oral communication skills, including the ability to synthesize and transform complex issues and data into meaningful and actionable information for decision-makers, and the ability to lead others in this work

• Excellentorganizationaland planningskills

• Experience with multi-site collaboration preferred

• Approximately20%travel required.

Other Things to Know:

Salary Range: $208000 - $352000/ year

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whetheryou'restretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

HowWe'llSupport You:

Our programs andbenefitsare designed to support you through all your life stages:

• Learning & Growing:Educationalassistance, career development tools, and stretch opportunities

• Supporting Your Family:Parental leave, adoptionassistance, back-up dependent and elder care, college planning resources, and more

• Managing Your Health:Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center

• OptimizingYour Finances:Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

OurCulture is deeply grounded in ourTouchstone Behaviors-By working with us,you'llhave the opportunity to develop anddemonstrateyour ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achievesuccess andset clear expectations for leading with impact at every stage of your career.Learn more.

Apply now ifyou'reready to join us in strengthening the U.S. economy together. Want to consider our other opportunities?Click hereto see all our open roles.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person.Learn more about our code of conduct and conflicts of interest rules.

We value accessibility for all candidates and are happy to provide an accommodation orassistance. Please email us atny.leaves@ny.frb.organdwe'llbe glad to help.Please note, this is a dedicated e-mail box designed exclusively toassistapplications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to bean accuratereflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. 1324b(a)(3), and certain other nonimmigrants. All non-U.S.citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryMarkets Family GroupWork ShiftFirst (United States of America)

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