Markets Specialist - Federal Reserve Bank (FRB)

Company

Markets Specialist

The Federal Reserve Bank of Boston has an opening for a team-oriented Markets Specialist to join the LISCC (Large Institution Supervision Coordinating Committee) as a member of the LISCC Monitoring and Analysis Program (MAP). MAP is a focal point for risk identification and analysis within LISCC Supervision, the FRS’s national supervisory program for the nation’s largest and most systemically important financial institutions. The MAP monitors and analyzes select risks among LISCC firms to inform supervisory planning, prioritization, and policy making. In executing its responsibilities, the MAP gathers and synthesizes information from LISCC Supervision firms and collaborates extensively with colleagues across the FRS.
 

The Associate/Markets Specialist deliverables include brief and in-depth analysis that fully deploy the MAP’s extensive access to supervisory intelligence, data, and experts throughout the FRS. Topical orientation is broad and flexible, covering the full range of potential credit, market, liquidity, operational and other risks facing LISCC Supervision firms. Because of this, the analytical and monitoring process emphasizes thorough and consistent engagement with experts throughout LISCC Supervision and the FRS. Analytical deliverables are incorporated into a variety of internal processes that help guide the LISCC Program’s risk prioritization, examination, and policy efforts. 
 

The position and job description posted is for a Market Specialist; however, candidates will be placed into an appropriate level within the Specialist job family (Associate, Market, of Senior Specialist) based on the extent of their experience.

This job is eligible for a hybrid schedule with some on-site work expected. The individual is expected to reside in the 1st District unless you were given an exception. Travel, including some out-of-district, is expected for this role.

Principal Responsibilities:

The preferred candidate will deploy strong analysis, collaboration, and communication skills to identify and assess emerging risks related to the supervision of LISCC banks. Responsibilities include but are not limited to:

• Identify and analyze financial and nonfinancial risks in close collaboration with FRS colleagues that fully deploys the MAP’s extensive access to supervisory intelligence, data, and other information sources.
• Work with MAP colleagues in guiding intelligence gathering efforts at LISCC Supervision firms to better identify, understand, and respond to emerging risks in a timely manner.
• Regularly present and socialize monitoring and analytical work to improve risk identification, examination, and policy efforts.
• Contribute to MAP Core Team initiatives across a range of areas as needed (e.g., technology, communication, and engagement strategies, etc.).
• Develop and engage a broad network of LISCC Supervision and FRS contacts to inform emerging risk analysis and enhance its impact in supervisory planning, examination, and policy activities.
   

Knowledge and Experience:

• Exceptional analytical and problem-solving skills, including a demonstrated ability to analyze complex topics and assimilate new information and perspectives.
• Strong written, verbal, and data communication skills, with a demonstrated ability to synthesize complex topics for a variety of audiences.
• Strong interpersonal and collaboration skills, including an ability to foster strong and influential working relationships with a range of colleagues across geographic locations, LISCC Programs and FRS functions.
• Strong organizational and self-management skills, as evidenced by an ability to take initiative and ownership of assignments, produce high quality results under tight time constraints either as an individual or contributing member of a team, and operate effectively given rapidly evolving priorities. 
• Knowledge and experience normally acquired through, or equivalent to, the completion of a Master’s degree and either 10 years of commensurate financial industry, economics, or regulatory work experience, particularly in analytically-oriented roles or a Bank Commission plus 6 years of work experience post commissioning; other qualifications such as CFA also considered.
• Deep or broad knowledge of banking-related risks and operating environment, including lending, capital markets, investment management, processing, or other activities.
• Familiarity or demonstrated capacity to grasp bank supervision concepts related to capital, liquidity, governance and controls, and resolution and recovery.
• May require extended work hours.
• Periodic travel including overnight stays may be necessary. Travel will typically consist of face-to-face meetings with the MAP Core Team, and periodic meetings with the DSTs or Programs.
   

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. 

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks. 

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position.  Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.  
 

All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
 

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
 

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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