Overnight Treasury Risk Management Jobs in Illinois

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 Markets Group of the Federal Reserve Bank of New York (FRBNY) implements monetary policy, collects market intelligence, and analyzes financial market developments on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Second District, provides banking and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury.

The Federal Reserve Bank of New York seeks an enterprise leader to serve as the Head of Treasury Debt Financing (TDF) -a critical function that executes Treasury auctions and settlement activities as fiscal agent to the U.S. Treasury Department. Reporting directly to the Head of the Markets Group, you will lead a team stewarding one of the most vital operational relationships in the U.S. financial system by leading the execution of Treasury auctions and all auction settlement activities, including delivering analytical support, as fiscal agent to the U.S. Treasury Department.

HowYou'llMake an Impact as the Head of Treasury Debt Financing (TDF):

You will provide oversight and leadership of the Treasury auction business, including strategically implementing policy as directed by the U.S. Department of Treasury, provide strategic guidance on operations and risk management, and be a key partner with the Markets Group Head on strengthening stakeholder engagement across the Bank, System, U.S. Department of Treasury and Bureau of Fiscal Service. TDF maintains operating locations in New York City and Chicago, Illinois.

Responsibilities:

• Oversee the Treasury auction services provided to the U.S. Treasury as fiscal agent, while serving as primary contact for all requests and issues.

• Coach and mentor current and emerging leaders while establishing clear accountability and empowering decision-making at all levels.

• Oversee the development of analysis, providing strategic guidance derived from internal and external stakeholder engagement as needed.

• Provide thought leadership regarding business-relevant policy themes and identify strategic issues for analytical and policy focus.

• Provide direction and understand the impact of technological innovation to the Treasury debt financing platform to promote improvements in the execution and resiliency of operations and analysis.

• Effectively manage relationships with senior stakeholders at Treasury and across the Federal Reserve System, including the Treasury Relations Support Office, Federal Reserve Financial Services, and System Committees to drive business outcomes and formulate an enterprise approach for fiscal agent engagement and execution.

• Collaborate closely with the Treasury and Bureau of the Fiscal Service leadership to influence strategic decision-making for the business line that considers market developments, evolving financing needs, customers, and overall business risk profile.

• Serve as the primary strategic liaison between the Federal Reserve System Treasury Support (TRSO), the Board, and cross-functional business lines across Markets and the FRBNY, driving proactive collaboration to assess, forecast, and communicate the fiscal impact and overall scope of emerging Treasury initiatives that shape organizational priorities.

The Unique Skill SetsWe'reLooking For:

• Extensive experience leading high-performing, diverse teams of subject matter experts and people leaders.

• Experience successful managing complex projects or change initiatives with proven ability to deliver on time and on budget.

• Demonstrated leadership in portfolio management, policy implementation, operational execution and risk management, as well as relationship management.

• High aptitude and foresight to anticipate complex and sensitive business issues and effectively partner with senior leaders across a broad range of internal and external stakeholders to develop and implement proactive strategies and solutions.

• Exceptional negotiation, communication, and influence skills with the ability to garner support for new business initiatives and strategies.

• Experience in directing the alignment of resources in support of the long-term strategic plan for the business and the Group.

Other Things to Know:

Salary Range:

NY Salary Range: $375000 - $440000 / year

Chicago Salary Range: $330000 - $387000 / 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. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

How We'll Support You:

Our programs and benefits are designed to support you through all your life stages:

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

• Supporting Your Family: Parental leave, adoption assistance, 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

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

Our Culture is deeply grounded in our Touchstone Behaviors- By working with us, you'll have the opportunity to develop and demonstrate your 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 achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.

Apply now if you're ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to 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 or assistance. Please email us at ny.leaves@ny.frb.org and we'll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquiries, 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 be an accurate reflection 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 Treasury sensitive information and is therefore limited to individuals who are U.S. Citizens and who must undergo an enhanced background screening.

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

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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