Policy and Market Analysis Associate Director

Federal Reserve System•Chicago, IL

22h•$215,400 - $325,000•Onsite

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 Markets Group at the Federal Reserve Bank of New York (FRBNY) implements monetary policy on behalf of the Federal Reserve System, provides payments and custody services to foreign central banks, acts as a fiscal agent for the U.S. Treasury Department, and conducts monitoring and analysis of financial market developments in support of the Federal Reserve’s policy objectives. The Group is seeking an Associate Director for the Policy Expectations and Survey (PES) team. PES leads the coverage of U.S. monetary policy expectations and manages all aspects of the Desk’s Survey of Market Expectations in support of the monetary policy and financial stability decision-making process. The Associate Director plays a critical role leading the team, engaging with the SOMA manager, Research, and Board leadership, interacting with external survey respondents, and assuming accountability for the team’s operations.

Requirements

Demonstrated ability to manage staff and lead complex projects, with a proven track record of delivering high-quality results under tight deadlines
Excellent written and verbal communication skills, including the ability to effectively convey complex ideas in a concise, articulate, and insightful manner
Excellent analytical skills, including strong survey and data analysis skills and familiarity with advanced quantitative analytical packages
Risk management and process oversight experience
Effective interpersonal, coordination, and diplomatic skills, including the ability to develop and maintain a broad range of internal and external contacts, and a proven ability to coordinate and oversee the execution of analysis across business areas to achieve results
Strong self-management skills, as evidenced by an ability to take initiative and ownership of assignments, effectively prioritize assignments, and produce results under tight time constraints
Commitment to the highest ethical standards and excellence in public service
Applicants are kindly requested to include a letter of interest along with their application.
Application deadline is April 10, 2026 at 5pm ET.
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.

Nice To Haves

Prior staff management experience and familiarity with U.S. monetary policy expectations preferred

Responsibilities

Manage a team of high-performing analysts within the Policy Expectations and Surveys team.
Actively support and develop the team and talent consistent with the Bank's mission, vision and values
Provide strategic direction, oversight and expertise to the design, execution, analysis, and reporting of the Survey of Market Expectations
Engage with – and brief – senior stakeholders in the Markets Group, the Board of Governors and FOMC by providing insights and strategic perspectives related to monetary policy expectations and the surveys, to help inform policy
Lead the systematic tracking of U.S. monetary policy expectations through market commentary, market participant outreach, and external surveys
Provide thought leadership and interest rates market expertise in collaboration with stakeholders and senior colleagues across the System to produce policy relevant deliverables
Build and maintain relationships with external market participants involved with short term interest rate markets, including both cash and derivative markets
Oversee the development and implementation of models to extract measures of U.S. monetary policy expectations embedded in financial asset prices
Establish and oversee the staff’s analytical agenda and ensure that the analytical output consistently meets the highest standards of quality
Foster effective risk management with respect to the policy surveys by setting an appropriate tone for staff and ensuring proactive escalation and remediation of risk issues
Lead strategic initiatives on the staff, including overseeing – and providing feedback to – staff reviewing the survey respondent population, making technological enhancements, and establishing more formal data sharing rules and guidelines