Director of Capital Markets

Director of Capital Markets

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.

The Cross Market & Portfolio Analysis (CMPA) Function within the Markets Group conducts detailed analysis of financial market developments in support of the Federal Reserve's monetary policy and financial stability decision-making processes and provides projections and analysis of the Federal Reserve's balance sheet and the System Open Market Account to support the development and implementation of monetary policy.

The Director of Capital Markets is a member of the CMPA Senior Leadership team and provides leadership and management to the CM Directorate. The CM business line is composed of two staff units, each with policy-relevant monitoring and analytical responsibilities, and is responsible for producing high-quality, timely, and policy-relevant analysis of domestic corporate credit, equity, municipal, securitization, and commodities markets for relevant stakeholders across the Federal Reserve System and U.S. Treasury Department. The CM Directorate also provides expertise on non-bank financial institutions, and contributes to financial stability work at the Bank, in the Federal Reserve System, and across U.S. financial regulatory agencies.

How You'll Make an Impact as the Director of Capital Markets:

• Provide strategic leadership and manage the analysis of domestic capital markets and related policy developments.
• Direct a high-performing team of managers, specialists, and analysts engaged in analysis of domestic capital markets and related policy developments that meets the needs of stakeholders at the New York Fed, Federal Reserve System, and U.S. Treasury Department in support of monetary policy and financial stability objectives;
• Provide strong leadership which cultivates a professional workplace environment that promotes inclusiveness, fosters collaboration, and supports open and transparent communication with an emphasis on talent management to attract, develop, and retain top talent;
• Direct the alignment of resources with CMPA's goals and the Markets Group strategic plan and work with the CMPA Senior Leadership team to develop and execute CMPA's strategy.

Analytical responsibilities:

• Lead the team's resources in delivering timely, high-quality, policy-relevant analysis of domestic corporate credit, equity, municipal, securitization, and commodities markets to directly support the Bank's contributions to the Federal Reserve System's monetary policy and financial stability objectives;
• Provide thought leadership in setting a forward-looking analytical agenda to meet current and future policy needs. Work with senior stakeholders to adjust strategic priorities in response to shifts in the operating environment or policy landscape;
• Engage with senior leaders across the Bank, Federal Reserve System and U.S. Treasury to ensure analytical products and briefings are aligned with stakeholders' priorities;
• Represent the Bank externally in interactions with private sector counterparties to further develop the Bank's understanding of policy-relevant domestic capital markets issues.
• Represent the Bank in meetings and maintain relationships with senior representatives from the official sector on relevant policy issues pertaining to CM responsibilities.

The Unique Skill Sets We're Looking For:

• Relevant work experience, with a demonstrated interest in financial markets and central bank policy implementation. Substantial knowledge of financial instruments, market structure, macroeconomic theory and monetary policy;
• Excellent demonstrated leadership and decision-making skills;
• Strong business judgment, proactive leadership, and a strategic orientation to lead a high performing team
• Demonstrated agility and flexibility to guide the directorate through change management and unforeseen business challenges
• Strong aptitude and experience in the sustainable and ongoing development of talent, with a track record of leading wide-ranging teams to achieve high-quality and timely results across policy and analytical objectives;
• Demonstrated ability to provide constructive and timely coaching and feedback on performance, strengths, and areas of development; demonstrated commitment to providing meaningful growth opportunities to team members;
• Keen self-awareness and high emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability, and authenticity, and the capacity to embrace and draw from various perspectives in an inclusive way to improve the quality of outcomes;
• Strong analytical, written and oral communication skills, including the ability to synthesize and transform complex issues and data into meaningful and actionable information for decision-makers, and the ability to lead others in this work;
• Excellent organizational and planning skills;
• Foresight to anticipate and respond to rapidly evolving analytical needs and priorities;
• Ability to credibly represent the Bank in market discussions with senior members of the public and private sectors.

Other Things to Know:

Salary Range:

New York: $236400 - $400000 / year

Chicago: $208000 - $352000 / 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 you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

How We'll Support You:

• 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

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you'll 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 you're ready to join us in strengthening the U.S. economy together.