Counsel Supervision, Markets & Financial Services Division

Company

Our Unique Work:

The Supervision Markets & Financial Services division within the New York Feds Legal & Compliance Group includes attorneys who specialize in areas of law applicable to a wide set of Federal Reserve banking operations policy initiatives and supervisory oversight including those related to Federal Reserve domestic and international accounts and financial services payment and settlement systems open market foreign exchange and discount window lending operations international policy and strategy technology-driven innovation in financial services and bank and bank holding company applications and regulatory reporting.

The attorney selected for this position will be expected to work closely with other lawyers in the New York Feds legal function and will often collaborate with colleagues at other Federal Reserve Banks and the Board of Governors of the Federal Reserve System.

How Youll Make an Impact as a Counsel - Supervision Markets & Financial Services Division:

The attorney selected for this role will analyze provide advice on and draft and review memoranda agreements and other documentation related to legal policy and transactional matters related to:

• The accounts and financial services that the Federal Reserve Banks provide to domestic financial institutions the United States government government-sponsored enterprises (GSEs) international organizations and other eligible entities.
• New York Fed lending collateral and credit risk management activities pursuant to ordinary and emergency authorities.
• Federal Reserve policy initiatives in payment and market infrastructures and related financial innovation.

The attorney selected for this role may also be asked to advise from time to time on matters relating to:

• The New York Feds activities in open market operations U.S. Treasury auctions foreign exchange trading and U.S. dollar reserve management for international official-sector institutions.
• Federal Reserve regulatory and supervisory authority over banks bank holding companies U.S. branches of foreign banks and financial market utilities among other entities.

The Unique Skill Sets Were Looking For:

• Juris doctor with extensive experience providing legal advice on at least one of the following: financial services clearing and settlement services secured lending structured finance financial innovation and banking supervision or regulation.
• Exceptional oral and written communication skills including exceptional drafting skills particularly with respect to transactional documents and legal research memoranda and extensive experience drafting and negotiating contracts;
• A strong focus on client service and a proven track record of working both independently and collaboratively on teams; and
• Admission to the New York State bar (or a commitment to seek admission in New York and admission in a jurisdiction that has established reciprocity with New York).

Cover letters are strongly encouraged.

Other Things to Know:

Salary Range: $220000 - $250000 / year

We believe in transparency at the New York 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.

How Well Support You:

Our programs and benefits are designed to support you through all your life stages:

• Learning & Growing: Educational assistance career development tools and stretch opportunities
• Supporting Your Family: Parental leave adoption assistance back-up dependent and elder care college planning resources and more
• Managing Your Health: Comprehensive insurance plans leave policies onsite Health & Wellness Center and onsite Fitness Center
• Optimizing Your Finances: Pension plan 401(k) with generous match financial planning resources and subsidized public transportation program

Find Out Why Were an Award-Winning Workplace:

• Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces)
• Early Talent Award Winner (Handshake)
• Campus Forward Award Winner (Ripple Match 2023)

Our Culture is deeply grounded in our Touchstone Behaviors By working with us youll have the opportunity to develop and demonstrate your ability to Communicate Authentically Collaborate Inclusively Drive Progress Develop Others and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.

Apply now if youre ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities Click here to see all our open roles.

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.

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.

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