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Capital Markets Trading Principal - China Specialist
Location:
New York, NY
Description:
Company Federal Reserve Bank of New York 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. The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. This position offers workplace flexibility; employees can expect to be in the office at least two days per week for meetings and team collaboration and should live within a commutable distance from the office. What we do: The Markets Group of the Federal Reserve Bank of New York (FRBNY) implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the 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 the FOMC authorization and directives. * Monitor and analyze global financial markets to inform the formulation and implementation of monetary and financial stability policy. * Produce New York Fed Reference Rates. * Provide capital markets-related fiscal agency and other services to the U.S. Treasury. * Transact on behalf of foreign and international monetary authorities. The Global Markets and Investments (GMI) Directorate within Domestic and International Markets (DIM) is responsible for: * Managing the U.S. foreign exchange reserves. * Analyzing global market and transformational trends, including identifying cross-cutting market themes, exploring transmission of shocks to U.S. and global markets, and evaluating implications for the trading desk’s operations. * Coordinating and supporting analysis of Environmental, Social, and Governance (ESG) markets and System work on climate finance issues. The GMI Directorate is seeking a China Specialist on the Global Markets & Trends (GMT) staff to conduct market intelligence and in-depth analysis of foreign financial market and policy developments, with a particular focus on China. The GMT staff sits within the GMI directorate and is focused on producing analysis on global market and transformational trends. This position will report to the Associate Director leading the GMT staff. Your role as a Capital Markets Trading Principal - China Specialist: * Monitor and analyze trends in Chinese financial markets across multiple asset classes, the central bank’s monetary policy framework and stance, and macroeconomic developments, assessing their relevance to the Federal Reserve’s monetary policy and/or financial stability objectives. * Provide perspective on notable high frequency developments and their implications for U.S. and international financial markets for inclusion in daily and weekly market briefings. * Perform research and analysis to help gauge market conditions and highlight emerging trends and potential vulnerabilities. * Distill important takeaways in high-quality written reports and presentations for a System-wide audience. * Maintain effective dialogue with market participants across a broad range of institutions. * Foster and sustain relationships with official sector counterparts, international financial institutions, and U.S. government agencies on relevant China-related issues. * Engage with cross-Bank teams to address topical analytical issues for policy maker consideration, as well as participate in Bank and System evaluations of global financial market conditions and developments. * Conduct the broad range of international trading operations related to the management of U.S. foreign exchange reserves, foreign exchange intervention and customer transactions, and liquidity swap lines with foreign central banks. Note: Some domestic and international travel required. What are we looking for: * Demonstrated experience and interest in fundamentals of finance, international macroeconomics, and country risk analysis. Previous FX and fixed income experience preferred. * Demonstrated experience and interest in Chinese financial markets and the analytical tools, statistical techniques, and frameworks relevant to understanding trends in international financial markets. * Demonstrated track record of success in a staff role driving progress on relevant business-critical responsibilities. * Proven analytical, critical thinking, and problem-solving skills, including the judgment to determine when and how issues are elevated to senior management. * Excellent written and oral communication skills, with experience writing short- and long-form summaries of key issues. * High level of curiosity and strong attention to detail. * Ability to take initiative, work autonomously and on multiple projects, and execute commitments in a timely fashion. * Ability to develop strong collaborative relationships and inclusive partnerships with other teams to drive progress and execute effectively on business objectives. * Ability to effectively represent the business area and the Bank, as appropriate, on issues related to global financial markets. * Ability to coach and mentor junior team members. * Please submit a cover letter with your application. Salary Range: NY: $155400 - $222500 / year Chicago: $136800 - $195800 / year We believe in transparency at the NY 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. Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. Benefits: 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 * And more 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. 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. 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, pregnancy, or military service. We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at XXXX@ny.frb.org 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. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Markets Work Shift First (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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. Privacy Notice
Company:
Federal Reserve Bank
Posted:
June 27 on Equest
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More About this Listing: Capital Markets Trading Principal - China Specialist
Capital Markets Trading Principal - China Specialist is a Jobs Capital Markets Trading Job at Federal Reserve Bank located in New York NY. Find other listings like Capital Markets Trading Principal - China Specialist by searching Oodle for Jobs Capital Markets Trading Jobs.
Capital Markets Trading Principal - China Specialist is a Jobs Capital Markets Trading Job at Federal Reserve Bank located in New York NY. Find other listings like Capital Markets Trading Principal - China Specialist by searching Oodle for Jobs Capital Markets Trading Jobs.