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 Group Shared Services Function (GSS) provides centralized support services to the Markets Group, including facilities management, financial management, operational risk management, project management, vendor management, and workforce administration.

Your role as a Markets Pricing Associate:

You will oversee pricing content integrity, internal client relationship management and vendor management for all assigned asset classes. You will have responsibility for pricing hierarchies applied across the Federal Reserve System and all efforts involved in building and maintaining those hierarchies. You will provide support in portfolio valuation of SOMA and 13-3 facilities holdings, with the Corporate Controller's division as a lead client. You will also oversee routine data distribution applications management.

• Responsible for maintaining the internal client relationship with the users of the asset class pricing content assigned.
  
  


• Be an expert on price content management including asset class coverage, knowledge of all vendors in the space, comprehensive understanding of pricing methodology and the differences between vendors, accuracy measurement and socializing the state of pricing within the space to your client base.
  
  


• Operational fluency on FRBNY`s price processing and distribution platform, known as "PQS". Daily participation in benchmark run reconciliation procedures and serving as continuous back up for all team members in this process.
  
  


• Functional testing role for any new services and enhancements to existing pricing services provided to downstream clients.
  
  


• Participate in internal clients' presentations on developments in pricing content.
  
  


• As a "first line defense" unit, keeping the Risk Group fully aware of all work done around vendor content and vendor organizational integrity
  
  


• Recommend operational improvements and business process re-engineering strategies to enhance department performance, manage risk, and benchmark to industry best practices.
  
  


• Support department management in their leadership of and participation in Bank or System meetings, tasks forces and workgroups on issues relevant to department functions.
  
  


• Contribute to the department strategy . Participate in strategic planning discussions, proposing short and long term plans in discussion with the department leadership team.
  
  


• Respond to the more complex inquiries from and staff of different Groups and other FRBs.
  
  


• Compile and provide management reporting support to the Group including fair value pricing and mark review, and reporting on compliance with FOMC guidance.