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Cash Management Sr. Analyst - Markets Group at Federal Reserve Bank (FRB)

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: New York City, New York





Job Description:


Overview:

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.


Description:

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.

Responsibilities:


  • Monitor and manage the liquidity position of an assigned group of customer accounts in a particular geographic region. Develop expertise in account behavior for that customer group and engage customers on account behavior issues as needed;


  • Execute investment actions such as the purchase and sale of Treasury securities in the primary and secondary markets as well as overnight investment in the repurchase agreement pool (RP pool), based on customer set parameters or instructions;


  • Effectively execute operations to meet deadlines throughout the day, including the monitoring of intraday overdrafts in customer accounts;


  • Participate in analytical endeavors aimed at understanding and anticipating customers' liquidity needs and behaviors, and identifying trends in customer account activity relative to developments in global markets;


  • Prepare charts, tables, graphs and other documentation to support senior staff and management;


  • Participate in periodic re-evaluation of CBIAS liquidity and investment service offerings;


  • Participate in project initiatives geared towards product development, technological enhancements, contingency planning, risk reduction, and/or improved customer service;


  • Investigate and resolve business- and application-related issues.