Capital Markets Trading Associate

Federal Reserve Bank of Philadelphia • Chicago, NY

2d • Onsite

About The Position

The Capital Markets Trading Associate works in the Markets Group of the Federal Reserve Bank of New York, whose responsibilities include implementing monetary policy, conducting lender-of-last-resort operations, providing payments and custody services to foreign central banks, and acting as fiscal agent for the U.S. Treasury. The trading desk monitors and analyzes global financial markets, carries out market operations, produces New York Fed Reference Rates, and conducts transactions for U.S. and international monetary authorities.

In this role, you will monitor and analyze foreign exchange markets and trading conditions, and conduct financial market operations to implement monetary policy and act as fiscal agent for the U.S. Treasury. The position is full-time and onsite, with some flexibility to work flexibly from time to time. Some domestic and international travel is required.

Requirements

• Prior coursework in economics, finance, public policy, or a related field.
• Deep interest in foreign exchange markets, global macroeconomics, and/or financial market developments.
• Successful experience applying analytical and critical-thinking skills to complex topics in financial markets and strategy, financial market structure, international macroeconomics, and/or monetary policy.
• Ability to work independently with a self-starting mindset.
• Ability to communicate authentically and effectively, verbally and in writing, with different audiences across the organization and with senior stakeholders.
• Experience with analytical tools, statistical techniques, and frameworks relevant to understanding foreign exchange markets and global macroeconomic and financial market developments.

Nice To Haves

• Experience trading foreign exchange.

Responsibilities

• Monitor and analyze foreign exchange markets, liquidity, market structure, and broader global market developments, engaging with market participants to understand price movements.
• Combine analysis of foreign exchange price action with outreach to market contacts to identify relevant themes.
• Produce detailed, high-quality written analysis and deliver oral briefings to stakeholders.
• Execute foreign exchange trading activities and operations for customers, including foreign exchange 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.
• Undertake some domestic and international travel.

Benefits

• Educational assistance, career development tools, and stretch opportunities.
• Parental leave, adoption assistance, back-up dependent and elder care, and college planning resources.
• Comprehensive insurance plans and leave policies.
• Onsite Health & Wellness Center and onsite Fitness Center.
• Pension plan.
• 401(k) with generous match.
• Financial planning resources.
• Subsidized public transportation program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed