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 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.
The Domestic and International Markets (DIM) Function within the Markets Group executes transactions in the open market on behalf of the Federal Reserve System, the U.S. Treasury Department, and foreign official customers, and conducts detailed analysis of financial market developments in support of the Federal Reserve’s monetary policy and financial stability decision-making process.
The Director of Foreign Exchange and Global Rates (FXGR) is a member of the DIM Senior Leadership team and provides leadership and management to the FXGR Directorate. The FXGR business line is composed of two staff units, across two physical locations, and has a combination of policy-relevant operational and analytical responsibilities. On the operational side, FXGR is responsible for executing U.S. foreign exchange policy operations, foreign exchange customer transactions, and managing central bank liquidity swap lines with a number of foreign central banks. On the analytical side, FXGR is responsible for producing high quality, timely, and policy-relevant analysis of foreign exchange, international money and capital markets, and policy developments in jurisdictions throughout the globe for relevant stakeholders across the Federal Reserve System and U.S. Treasury Department. The FXGR directorate also oversees the management of the Foreign Exchange Committee (FXC) secretariat. The FXC is an industry group sponsored by the Federal Reserve Bank of New York and supports the integrity, efficiency, and resiliency of the global FX market.
How You’ll Make an Impact as the Director of Foreign Exchange and Global Rates:
Provide strategic leadership of and manage the foreign exchange operations, central bank liquidity swap lines and analysis of foreign financial market and policy developments.
People management responsibilities:
Direct a high-performing team of managers, specialists, and analysts engaged in foreign exchange operations, FX swap transactions and analysis of international financial markets and policy developments that meets the needs of stakeholders at the FRBNY, Board of Governors, 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;
Operational and analytical responsibilities:
Promote strong risk management practices and ensure robust control environment and culture. Collaborate with first, second, and third line partners to ensure the readiness, resiliency and effectiveness of operational tools for the range of market operations conducted within the Directorate;
Lead the team’s experts in delivering high-quality, policy-relevant analysis of developments in foreign exchange, international money and capital markets, and economic policy developments to directly support the Bank’s contributions to the Federal Reserve System’s monetary policy and financial stability objectives;
The Unique Skill Sets We’re Looking For:
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;
Strong aptitude and experience in the sustainable and ongoing development of talent, with a track record leading wide-ranging teams to achieve high-quality and timely results across policy, operational, 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;
Other Things to Know:
Salary Range:
New York: $236400 - $400000 / year
Chicago: $208000 - $352000 / 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 career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
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.
Full time
Regular
Yes
Markets Family Group
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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