24 days old

Foreign Exchange and Global Markets (FXGM) Director

Federal Reserve Bank (FRB)
New York, NY 10007
  • Job Code
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 of an academic-all combined with a passion for public service.

What we do:
The Market Operations Monitoring and Analysis Function (MOMA) within the Markets Group executes transactions in the open market on behalf of the Federal Reserve System, the U.S. Treasury Department, and foreign official customers, and conducts detailed analysis of financial market developments to support the Federal Reserve's monetary policy and financial stability decision-making process.

The Director of Foreign Exchange and Global Markets (FXGM) is a member of the MOMA Senior Leadership team and provides management to the FXGM directorate. The FXGM business line is composed of three staff units, across two physical locations, and has a combination of policy-relevant operational and analytical responsibilities. On the operational side, FXGM executes U.S. foreign exchange policy operations, foreign exchange customer transactions, and manages central bank liquidity swap lines with foreign central banks. On the analytical side, FXGM produces policy-relevant analysis of foreign exchange, international money and capital markets, and policy developments in jurisdictions throughout the globe for relevant stakeholders across the Federal Reserve System and U.S. Treasury Department.

Your role as Director of Foreign Exchange and Global Markets:
You will provide strategic leadership of and manage the foreign exchange operations, central bank liquidity swap lines and analysis of foreign financial market and policy developments. You will also:

  • Direct a team engaged in foreign exchange operations, FX swap transactions and analysis of international financial markets and policy developments;
  • Oversee the range of operations that take place within the Directorate related to foreign exchange markets and liquidity swaps with foreign central banks. Be a senior point of escalation for counterparty matters;
  • Promote risk management practices and ensure robust control environment and culture. Work with first and second line partners to ensure the readiness, resiliency and effectiveness of operational tools for the range of market operations conducted within the Directorate;
  • Lead the team's experts in delivering high-quality, policy-relevant analysis of developments in foreign exchange, international money and capital markets, and economic policy developments to directly support the Bank's contributions to the Federal Reserve Systems monetary policy and financial stability goals;
  • Represent the Bank externally in interactions with private sector counterparties to further develop the Bank's understanding of policy-relevant global financial market issues and to maintain robust engagements with operational counterparties.
  • Represent the Bank in international meetings and maintain relationships with senior representatives from other central banks on relevant policy issues on FXGM responsibilities.
What we are looking for:
  • At least 15 years of relevant work experience, including people management, with interest in financial markets and central bank policy implementation. Substantial knowledge of financial instruments, market structure, macroeconomic theory and monetary policy;
  • Experience in the sustainable and ongoing development of talent, with a track record leading diverse teams to achieve high-quality results across policy, operational, and analytical goals;
  • Bachelor's degree in business, finance, international policy or a related area.

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

Please note that the 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. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.

In addition, all candidates 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.

Posted: 2021-03-26 Expires: 2021-04-24
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Foreign Exchange and Global Markets (FXGM) Director

Federal Reserve Bank (FRB)
New York, NY 10007

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