Federal Reserve System International Policy & Strategy Country Risk Principal in New York, New York
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. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The International Policy & Strategy function in the Markets Group is responsible for strategically strengthening the Bank’s international relationships to generate insights about the global economic and financial environment, enable collaboration on issues of mutual interest, and facilitate the execution of the Bank’s international responsibilities.
The International Relations and Country Risk Department in the International Policy and Strategy function is responsible for:
Providing a country risk framework and analysis on country developments and regional trends in support of the Bank’s international operational and policy activities and external engagement;
Developing and deepening relationships with global central banks and governments, US government entities and private sector institutions;
Coordinating across groups to ensure that insights gained from international engagements are effectively disseminated within the Bank to be incorporated in analysis and assessments;
Facilitating standing and ad-hoc cross-Bank teams to promote information sharing and analytical collaboration on international work.
Your role as International Policy & Strategy Country Risk Principal:
Analyze country and regional financial and economic fundamentals, political developments and associated policy issues to inform and support Federal Reserve international policy and operating decisions and external engagement
Provide high-caliber analysis on country and regional developments and risks, and facilitate cross-Bank international work groups;
Analyze macroeconomic fundamentals including the evolution of the real economy, balance of payments, and fiscal accounts; and monetary, fiscal and external sector policy frameworks;
Analyze financial sector trends, credit conditions and systemic risks;
Analyze country political and regional geo-political developments and associated policy issues;
Provide analytical and external engagement support for international policy and operational businesses;
Evaluate country and transfer risk for countries with large US bank exposures;
Facilitate cross-Bank teams to address topical international issues and support external engagement;
Participate in Bank and Federal Reserve System efforts to evaluate international financial, economic, and market trends and policy issues through written analysis and oral briefings;
Maintain working relationships with US government agencies, foreign central banks and public sector entities and international financial institutions;
Travel to portfolio countries and participate in, and provide analysis to support, senior engagement, including coordination and preparation of briefing materials and trip readouts.
What we are looking for:
Extensive experience in business, finance, economics, or public policy, including training in international economics and finance and lead analyst responsibilities;
Familiarity with country risk analysis and a background providing macroeconomic, markets, financial sector, and/or political analysis for senior level executives;
Ability to obtain U.S. Security Clearance which includes verification of U.S. Citizenship;
Strong analytical and critical thinking skills demonstrated by the ability to draw on relevant in-house and external expertise, assimilate new information quickly, understand complex topics, and develop sound conclusions in a timely manner;
Proven ability to quickly synthesize qualitative information and quantitative data from diverse sources to draw inferences, support analytical conclusions, and clearly communicate high-level takeaways for a senior audience;
Effective diplomatic skills, including the ability to develop and maintain a broad range of internal and external contact networks;
Strong project management skills, including sound influencing and problem solving capabilities, and the ability to manage multiple assignments simultaneously;
Experience working in a team environment where collaboration across functions/stakeholders was essential for success;
Foreign language skills and regional expertise preferred.
We welcome you to submit a cover letter highlighting your skills, experience, and interests as they relate to this role.
Salary Range: $207900 - $238500 / 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 .
Touchston e Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically : Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively : Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress : Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others : Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership : Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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 (https://www.newyorkfed.org/careers/benefits_health.html)
This position requires possession of or the ability to obtain and maintain national security clearance, which requires U.S. citizenship.
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.
Full Time / Part Time
Regular / Temporary
Job Exempt (Yes / No)
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 (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.