Posted in General Business 30+ days ago.
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The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank's role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located in New York City and Richmond, Virginia.
The Cash Management team, which is part of the Customer Account Services (CAS) staff within CBIAS, is responsible for monitoring and managing the liquidity positions of central bank accounts and for investing customer funds in USD funding and government securities markets. CAS also conducts a variety of analysis and projects in support of liquidity management and the investment process. The role includes initiating and participating in dialogue with customers and their counterparties on account management issues.
The Cash Management team seeks an analyst in the New York to provide support for its operations and associated analytical initiatives as well as to participate in a variety of project endeavors (approximate work composition: 60% operations and 40% analytics). The analyst will be expected to travel periodically to the Richmond, VA office for training and/or coverage purposes.