Federal Reserve Bank of New York
Primary Location NY-New York City
Full-time / Part-time Full-time
Employee Status Regular
Overtime Status Exempt
Job Type Experienced
Shift Day Job
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. It is a challenge that demands the skills of a financial service professional and the intelligence an academic—all combined with a passion for public service.
What we do:
The Data & Statistics Function (D&S) provides critical data capabilities in support of a safe and sound financial system. D&S manages the ingestion and quality assurance of financial and organizational data from domestic and foreign depository institutions, capital market participants, and bank holding companies. The team serves as the front line to financial institutions, engaging with them towards the provision of fit-for-purpose data for its stakeholders at the U.S. Treasury, the Board of Governors and internal stakeholders. These data are used regularly in the analytic support for the Bank’s responsibility related to monetary policy, banking supervision, payments systems and international market monitoring.
The Engagement Management team establishes strong and effective relationships with financial institutions, industry groups, and stakeholders to resolve complex data management issues, manage data design and governance issues escalated from the Function, communicate a macro view of industry themes. In addition, the team acts as a central point of contact for stakeholders to explore their data service needs.
Your role as Engagement Management Associate:
Develop and maintain close partnership with stakeholders to address respondent challenges and their remediation efforts; evaluating various aspects of firm’s governance framework, financial condition, operational resiliency, and systemic impact of efforts
Engage with industry groups to manage data designs and governance issues to communicate a macro view of data management themes to drive improvement
Foster a culture of continuous improvement and advance the Function’s operational effectiveness by identifying opportunities to engage with stakeholders across Bank and System, and promote the growth of Statistics services and best practices in achieving Bank objectives
Perform continuous monitoring and evaluation of regulatory report findings
Bachelor’s degree, preferably in Accounting, Business, Finance or Economics, with minimum 5 years relevant work experience
Experience driving service model/assessment and monitoring
Strong understanding of data management principles and concepts and how they drive ability to meet regulatory commitments in the financial services industry
Strong communication skills and proven relationship management abilities to influence stakeholders and drive results
Strong analytical and decision-making abilities to lead engagement with and develop work products that inform data user needs
Ability to analyze the impact of new and evolving financial instruments, regulations, and market conditions with respect to promoting alignment across regulatory bodies (both domestic and global)
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
Flexible Work Arrangements
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
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.