Mortgage Markets Analyst at Federal Reserve Bank (FRB) in New York City, New York

Job Description:

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence an academic-all combined with a passion for public service.

What we do:

The Markets Group at the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System (FRS) and acts as fiscal agent for the U.S. Treasury Department. As part of these responsibilities, the Market Operations Monitoring and Analysis Function (MOMA) within the Markets Group executes transactions in the open market and conducts detailed analysis of financial market developments to support monetary policy and financial stability decision-making processes.

The Mortgage Markets (MM) team conducts agency mortgage backed securities (MBS) and agency commercial mortgage backed securities (CMBS) operations based on the FOMC's directives. We also speak to market participants to gather market intelligence, analyze data, and produce internal research publications to inform the formulation and implementation of monetary policy.

The Treasury Market Practices Group (TMPG) is an FRBNY-sponsored industry group committed to supporting the integrity and efficiency of the Treasury, agency debt and agency mortgage-backed securities markets. It is composed of senior business managers and legal and compliance professionals from a variety of institutions, including securities dealers, banks, buy-side firms, market utilities and others, and meets periodically to discuss best practices related to trading, settlement and risk management in the Treasury, agency debt and agency MBS markets.

This important mission requires the skills of multiple committed professionals interested in financial markets and the implementation of monetary policy. You will support the team's execution of operations and its market analysis.

Your role as Mortgage Markets Sr. Analyst:

• Contribute to the planning, execution, and analysis of agency MBS and agency CMBS operations, with a focus on ensuring these activities maintain processes and controls;
• Maintain and improve a range of datasets and tools for operations, analysis, and public reporting. These tools serve as the basis to inform partners in the Federal Reserve system and the public more broadly;
• Develop an understanding of market data sources that are important to operations and analysis. Seek ways to improve the efficient integration of these sources into the daily work of the MM team;
• Support market monitoring by managing repository of call notes and market commentary. Keep up-to-date on mortgage market themes and provide summaries;
• Assist managers and senior staff on the team with projects related to both operations and market analysis focusing on data analysis.
• Provide support and contribute to TMPG projects, including;
  
  
  • Manage arrangements and communications for TMPG meetings and other events;
  • Provide support for drafting and publication of TMPG meeting agendas and minutes;
  • Help write readouts of the TMPG's market discussion for senior partners;
  • Help create tables, charts, and presentation materials for TMPG meetings and aggregate results for prospective surveys conducted by the TMPG
  • Assist the TMPG sub-committees and working groups; and
  • Maintain the TMPG's website and monitor TMPG correspondence.
  
  

• Undergraduate degree in economics, finance, statistics, computer science, mathematics, data science, or a related discipline;
• 3+years of work experience;
• Experience managing and manipulating large datasets across a range of data sources and databases, Tableau or other visualization software;
• Knowledge of the following tools or similar software: Python, SQL, VBA, STATA, MATLAB, R;
• Manage responsibilities across simultaneous assignments.

Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center
• Flexible Work Arrangements
• And more

In addition, all candidates who do not currently possess a Level 2 clearance or higher must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

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.