Capital Markets Trading Associate

Federal Reserve Bank of Minneapolis; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

The Federal Reserve Bank of New York is seeking a Capital Markets Trading Associate to support its Markets Group. You will monitor FX markets and liquidity, analyze market developments, and help implement monetary policy through market operations.

You will produce high-quality analyses, present briefings to stakeholders, execute FX trades within risk controls, and participate in ad-hoc projects. Some travel to domestic and international sites is expected.

Qualifications

• Prior coursework in economics, finance, public policy, or a related field.
• Deep interest in foreign exchange markets, global macro and/or financial market developments.
• Demonstrated ability to apply analytical and critical thinking to complex topics in financial markets and policy.
• Ability to work independently with a self-starting mindset.
• Ability to communicate authentically and effectively with different audiences, including senior stakeholders, verbally and in writing.
• Experience with analytical tools, statistical techniques, and frameworks relevant to FX and macro developments.
• FX trading experience is a plus.

Responsibilities

• Monitor and analyze FX markets, liquidity, market structure, and broader global developments; engage with market participants for context on price movements.
• Integrate insights from FX analysis and outreach to identify relevant themes.
• Produce detailed, high-quality written analyses and present oral briefings to stakeholders.
• Execute foreign exchange trading activities and operations for customers, including FX intervention, per risk management protocols.
• Participate in ad-hoc projects related to FX markets and broader macro developments and trading operations.
• Some domestic and international travel required.

Skills

FX markets

Global macro

Analytical thinking

Independent work

Communication skills

Analytical tools

FX trading experience

Job description

Company

Federal Reserve Bank of New York

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 NY Fed, 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 of NY Fed implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Fed's Second District, provides payments and custody services to foreign central banks, and acts as fiscal agent for the U.S. Treasury.

As part of these responsibilities, the mission of the trading desk in the Markets Group is to:

• Implement domestic open market and foreign currency operations in a manner that is consistent with directives of the Federal Open Market Committee
• Monitor and analyze global financial markets to inform the formulation and implementation of monetary policy
• Produce New York Fed Reference Rates using transactional data.
• Provide capital markets-related transaction services on behalf of the U.S. Treasury
• Conduct financial market transactions on behalf of foreign and international monetary authorities (FIMA)

How You'll Make an Impact as a Capital Markets Trading Associate:

Your work will involve monitoring and analyzing FX market developments and trading conditions as well as conducting financial market operations to implement monetary policy and act as fiscal agent for the U.S. Treasury. More specifically, you will:

• Monitor and analyze FX markets, liquidity and market structure, and broader global market developments; engage with market participants to obtain context for price movements
• Integrate insights from analysis of FX price action and outreach to market contacts to identify relevant themes
• Produce detailed, high-quality written analysis and present oral briefings to stakeholders
• Execute foreign exchange trading activities and operations for customers, including FX 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
• Some domestic and international travel required

The Unique Skill Sets We're Looking For:

• Prior coursework in economics, finance, public policy, or a related field
• Deep interest in foreign exchange markets, global macro 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
• Demonstrated ability to work independently with a self-starting mindset
• Ability to communicate authentically and effectively with different audiences across the organization and with senior stakeholders, both verbally and in writing
• Experience with analytical tools, statistical techniques, and frameworks relevant to understanding foreign exchange market and global macro and financial market developments.
• Experience trading foreign exchange is a plus

Other Things to Know:

Salary Range:

• New York: $120100 - $150000 / year
• Chicago: $105700 - $132000 / year

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

How We’ll Support You:

Our programs and benefits are designed to support you through all your life stages:

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

Our Culture is deeply grounded in our Touchstone Behaviors - By working with us, you'll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your c