Central Bank and International Account Services Associate

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation.

Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S.

economy and stability of the global financial system.

At the Bank, we work full-time onsite with our teams.

We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:

The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as support financial stability operations in the U.S.

and abroad.

The Central Bank and International Account Services (CBIAS) area of the New York Fed's 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 managing over $7 trillion for FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day.

CBIAS maintains two operating locations, in New York City and Richmond, Virginia.

The Cash Management (CM) staff is one of four staff units in the Customer Account Services (CAS) Directorate within CBIAS.  The CAS Directorate is responsible for relationship management and account services, investment and liquidity management, customer trend analysis, and market intelligence.  We are looking for a Cash Management Associate to support CM’s work in monitoring and management of the liquidity positions of central bank accounts and in investing customer funds in USD funding and government securities markets.

The role includes initiating and participating in dialogue with customers and their counterparties on account management issues. 

How You’ll Make an Impact as a Central Bank an International Account Services Associate:


* Monitor and manage customers' account activity, including recommending and executing investment actions such as the purchase and sale of Treasury securities as well as overnight investment in the customers’ repurchase agreement pool.


* Assist in the development and implementation of procedures and controls designed to maximize the efficiency of CM operational activities.


* Prepare data and/or communications to provide excellent customer service, while advancing FRBNY interests, especially as they relate to ensuring sufficient customer liquidity and effective management of the customers’ repurchase agreement pool.


* Participate in analy...