Counsel - Supervision, Markets & Financial Services Division
About The Position
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 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 Supervision, Markets & Financial Services division within the New York Fed’s Legal & Compliance Group includes attorneys who specialize in areas of law applicable to a wide set of Federal Reserve banking operations, policy initiatives, and supervisory oversight, including those related to Federal Reserve domestic and international accounts and financial services, payment and settlement systems, open market, foreign exchange, and discount window lending operations, international policy and strategy, technology-driven innovation in financial services, and bank and bank holding company applications and regulatory reporting. The attorney selected for this position will be expected to work closely with other lawyers in the New York Fed’s legal function and will often collaborate with colleagues at other Federal Reserve Banks and the Board of Governors of the Federal Reserve System. How You’ll Make an Impact as a Counsel - Supervision, Markets & Financial Services Division: The attorney selected for this role will analyze, provide advice on, and draft and review memoranda, agreements, and other documentation related to legal, policy, and transactional matters related to: The accounts and financial services that the Federal Reserve Banks provide to domestic financial institutions, the United States government, government-sponsored enterprises (GSEs), international organizations, and other eligible entities. New York Fed lending, collateral, and credit risk management activities pursuant to ordinary and emergency authorities. Federal Reserve policy initiatives in payment and market infrastructures and related financial innovation. The attorney selected for this role may also be asked to advise from time to time on matters relating to: The New York Fed’s activities in open market operations, U.S. Treasury auctions, foreign exchange trading, and U.S. dollar reserve management for international official-sector institutions. Federal Reserve regulatory and supervisory authority over banks, bank holding companies, U.S. branches of foreign banks, and financial market utilities, among other entities.
Requirements
- Juris doctor with extensive experience providing legal advice on at least one of the following: financial services, clearing and settlement services, secured lending, structured finance, financial innovation, and banking supervision or regulation.
- Exceptional oral and written communication skills, including exceptional drafting skills, particularly with respect to transactional documents and legal research memoranda, and extensive experience drafting and negotiating contracts
- A strong focus on client service and a proven track record of working both independently and collaboratively on teams
- Admission to the New York State bar (or a commitment to seek admission in New York and admission in a jurisdiction that has established reciprocity with New York).
Responsibilities
- Analyze, provide advice on, and draft and review memoranda, agreements, and other documentation related to legal, policy, and transactional matters related to: The accounts and financial services that the Federal Reserve Banks provide to domestic financial institutions, the United States government, government-sponsored enterprises (GSEs), international organizations, and other eligible entities.
- New York Fed lending, collateral, and credit risk management activities pursuant to ordinary and emergency authorities.
- Federal Reserve policy initiatives in payment and market infrastructures and related financial innovation.
- Advise from time to time on matters relating to: The New York Fed’s activities in open market operations, U.S. Treasury auctions, foreign exchange trading, and U.S. dollar reserve management for international official-sector institutions.
- Federal Reserve regulatory and supervisory authority over banks, bank holding companies, U.S. branches of foreign banks, and financial market utilities, among other entities.
Benefits
- Educational assistance, career development tools, and stretch opportunities
- Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
- Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
- Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Ph.D. or professional degree
Number of Employees
501-1,000 employees
