Settlement, Clearing and Collateral Management Analyst
Settlement, Clearing and Collateral Management Analyst
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Job Description
Company
Federal Reserve Bank of New YorkWorking 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.What we do:
The New York Fed on behalf of the Federal Reserve System offers correspondent banking and custody services to foreign and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations as well as supporting financial stability in the U.S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Feds Markets Group serves the U.S. dollar reserve management needs of its official customers by offering payments custodial clearing and settlement collateral management and investment and liquidity services. CBIAS has a long history of providing safe and efficient banking services to its customer base by fulfilling a range of responsibilities to help manage over $7 trillion for over 550 accounts across 250 FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS currently runs a split operation with staff located at two locations New York City and Richmond Virginia.
The Settlement Clearing and Collateral Management (SCCM) Directorate within CBIAS oversees all clearing and settlement services for SOMA market operations and FIMA accounts activities and collateral management services. The Clearing and Settlement Service (CSS) business line in SCCM is looking for an analyst to perform a variety of business and operational activities in providing confirmation clearing settlement and payment services to support FIMA customers. We offer a unique blend of business analysis process re-engineering and collaboration with business and technical support areas to develop and incorporate solutions to improve the execution of business processes. You will demonstrate your unique blend of operations analytical and technical skills in this position.
Your role as a Settlement Clearing and Collateral Management Analyst:
Provide support in the clearing and settlement services business with a focus on performing settlement operations resolving issues and addressing inquiries/needs of foreign central banks international agencies and the SOMAs Open Market Operations Desk.
Gain an understanding of the systems that support the operation positioning oneself to contribute to a wide range of initiatives such as the development of business requirements for system enhancements.
Work with seasoned team members to enhancing the analytical capacity of the function by running queries to help the data driven decision making process.
What we are looking for:
Experience with data analytics visualization tools and robotic process automation.
Experience with workflow design and risk management concepts.
Relative knowledge of project and process management.
Foundational experience in performing operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail.
Flexibility to travel to the NYC site.
Salary Range: $75000 - $88000 / 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 youre stretching into the job or are a more seasoned candidate we aim to pay competitively for your contributions.
Our Touchstone BehaviorsCommunicate Authentically Collaborate Inclusively Drive Progress Develop Others and Take Ownershiphelp 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.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at and well 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 timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob Category
Markets Family GroupWork Shift
First (United States of America)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 ( or through verified Federal Reserve Bank social media channels.
Required Experience:
IC
Employment Type
Full-Time
