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Deputy Head of Market Operations Monitoring & Analysis for Domestic Markets, (NY or Chicago) - Markets Group more...
Location:New York, NY
Company:Federal Reserve Bank of New York
First posted:June 16, 2017 (last updated 30+ days ago)
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Primary Location: NY-New York City

Full-time / Part-time: Full-time

Employee Status: Regular

Overtime Status: Exempt

Job Type: Experienced

Travel: Yes, 15 % of the Time

Shift: Day Job

Overview:

The Markets Group is seeking a senior officer to serve as a Deputy Head of Market Operations Monitoring and Analysis (MOMA), with responsibility for Domestic Markets.  MOMA implements domestic open market and foreign currency operations as directed by the Federal Open Market Committee (FOMC), monitors and analyzes global financial market developments, provides capital markets-related fiscal agency services to the U.S. Treasury, and supports the System's efforts around financial stability objectives.   

Domestic Markets (DM) within MOMA is responsible for the implementation of domestic monetary policy operations as directed by the FOMC, including executing repurchase and reverse repurchase agreements and purchasing and selling Treasury and Agency securities outright.  DM also monitors and analyzes money markets, Treasury markets, agency debt markets and mortgage markets to inform the formulation and implementation of monetary and financial stability policy.  In addition, DM executes Treasury auctions as fiscal agent for the U.S. Treasury and advises the U.S. Treasury on debt management policy.  DM is also responsible for leading the Federal Reserve Bank of New York's sponsorship of the Treasury Market Practices Group (TMPG), an industry group committed to supporting the integrity and efficiency of the Treasury, agency debt, and agency mortgage-backed securities markets.  

Responsibilities:

  • Establish a forward looking vision and agenda for the highest quality operational and analytical work on domestic markets;

  • Provide strategic leadership for the modernization and management of key business technology systems;

  • Oversee critical Treasury market and Treasury auction projects and initiatives, including those of large scale and complexity;

  • Serve as a senior point of contact for the Treasury's Office of Debt Management, Treasury Bureau of the Fiscal Service, and other Treasury stakeholders on matters related to Treasury auctions, debt management, and other domestic issues.  Foster a strong relationship across these organizations and proactively engage to define and deliver on priorities;

  • Help lead the cohesive and integrated management of MOMA and promote consistency across all business lines;

  • Help establish and support the strategic direction of the Markets Group as a member of the Markets Group Management Committee;

  • Maintain a robust control environment by implementing a strong system of internal controls and fostering a risk-focused culture that continually identifies, assesses and manages risks;

  • Develop strong relationships and proactively communicate with others across the Bank, System, U.S. Treasury, and other domestic and international policy organizations to define and deliver on priorities;

  • Provide strategic guidance on major issues related to domestic operations and resolve operational contingencies that do not require involvement by the SOMA Manager, Deputy SOMA Manager, or Treasury Department;

  • Define and deliver on the strategic priorities of the TMPG, through the TMPG Secretariat;

  • Develop relationships with peer market participants for the purpose of obtaining high quality, senior-level market intelligence;

  • Contribute substantial content to key policy work around topics including monetary and financial stability policy formulation, policy implementation, and debt management;

  • Define an agenda for and coordinate Tripartite discussions, in conjunction with representatives from foreign central banks;

  • Represent the Markets Group and the Bank and provide senior leadership as a member of Bank, System, and external working groups and committees; and

  • Direct and manage high-performing teams of officers and staff to achieve MOMA's priorities

 

 

[1] For more information, see: (please use the apply button below)

[1] For more information, see: (please use the apply button below)

 

 

 

 

 

Requirements:

  • Master's level degree in business, finance, policy, or a related area;
  • At least 15 years of relevant work experience, with expert understanding of domestic financial markets and experience leading monetary policy operations required;
  • Demonstrated success engaging senior leaders and managing complex organizational structures with multiple stakeholders.  Experience building and maintaining relationships with counterparts at the U.S. Treasury is a plus;
  • Exceptional analytical and critical-thinking skills and a demonstrated ability to assimilate new information and understand complex topics;
  • Strong strategic planning skills, with a demonstrated ability to align the strategic goal setting process with changes to environmental factors and first line of defense risk management priorities;
  • Ability to build highly effective relationships and engender collaboration and information sharing across the Group, Bank, and System;
  • Demonstrated leader who shares the public service mission of the organization and has proven interest and ability to create an open and collaborative environment to best achieve that mission;
  • Track record of superior judgment and decision making;
  • Strong written and verbal communication skills; ability to extract larger themes while providing concise, articulate and insightful analysis in both written and verbal form;
  • Experience managing large, complex developments in systems and technology;
  • Superior initiative and ability to deliver on commitments under extreme time pressure;
  • Foresight to anticipate and respond to rapidly evolving analytical needs and priorities;
  • Seasoned manager with demonstrated ability to provide constructive coaching and feedback to staff and officers on performance, strengths, and areas of development; demonstrated commitment to providing meaningful growth opportunities to team members; and
  • Ability to represent the Bank in discussions with senior stakeholders and market participants.

This position requires access to Federal Open Market Committee Data, 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, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

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.

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