Director of Capital Markets

Federal Reserve System•Chicago, IL

1d•$236,400 - $400,000•Onsite

About The Position

The Cross Market & Portfolio Analysis (CMPA) Function within the Markets Group conducts detailed analysis of financial market developments in support of the Federal Reserve’s monetary policy and financial stability decision-making processes and provides projections and analysis of the Federal Reserve’s balance sheet and the System Open Market Account to support the development and implementation of monetary policy. The Director of Capital Markets (CM) is a member of the CMPA Senior Leadership team and provides leadership and management to the CM Directorate. The CM business line is composed of two staff units, each with policy-relevant monitoring and analytical responsibilities, and is responsible for producing high-quality, timely, and policy-relevant analysis of domestic corporate credit, equity, municipal, securitization, and commodities markets for relevant stakeholders across the Federal Reserve System and U.S. Treasury Department. The CM Directorate also provides expertise on non-bank financial institutions, and contributes to financial stability work at the Bank, in the Federal Reserve System, and across U.S. financial regulatory agencies.

Requirements

Relevant work experience, with a demonstrated interest in financial markets and central bank policy implementation.
Substantial knowledge of financial instruments, market structure, macroeconomic theory and monetary policy.
Excellent demonstrated leadership and decision-making skills.
Strong business judgment, proactive leadership, and a strategic orientation to lead a high performing team.
Demonstrated agility and flexibility to guide the directorate through change management and unforeseen business challenges.
Strong aptitude and experience in the sustainable and ongoing development of talent, with a track record of leading wide-ranging teams to achieve high-quality and timely results across policy 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 from various perspectives in an inclusive way to improve the quality of outcomes.
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.
Excellent organizational and planning skills.
Foresight to anticipate and respond to rapidly evolving analytical needs and priorities.
Ability to credibly represent the Bank in market discussions with senior members of the public and private sectors.
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.

Responsibilities

Provide strategic leadership and manage the analysis of domestic capital markets and related policy developments.
Direct a high-performing team of managers, specialists, and analysts engaged in analysis of domestic capital markets and related policy developments that meets the needs of stakeholders at the New York Fed, Federal Reserve System, and U.S. Treasury Department in support of monetary policy and financial stability objectives.
Provide strong leadership which cultivates a professional workplace environment that promotes inclusiveness, fosters collaboration, and supports open and transparent communication with an emphasis on talent management to attract, develop, and retain top talent.
Direct the alignment of resources with CMPA’s goals and the Markets Group strategic plan and work with the CMPA Senior Leadership team to develop and execute CMPA’s strategy.
Lead the team’s resources in delivering timely, high-quality, policy-relevant analysis of domestic corporate credit, equity, municipal, securitization, and commodities markets to directly support the Bank’s contributions to the Federal Reserve System’s monetary policy and financial stability objectives.
Provide thought leadership in setting a forward-looking analytical agenda to meet current and future policy needs.
Work with senior stakeholders to adjust strategic priorities in response to shifts in the operating environment or policy landscape.
Engage with senior leaders across the Bank, Federal Reserve System and U.S. Treasury to ensure analytical products and briefings are aligned with stakeholders’ priorities.
Represent the Bank externally in interactions with private sector counterparties to further develop the Bank’s understanding of policy-relevant domestic capital markets issues.
Represent the Bank in meetings and maintain relationships with senior representatives from the official sector on relevant policy issues pertaining to CM responsibilities.