The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Area: Risk Title: Risk Analytics Associate Education: Massachusetts Institute of Technology; New York University
Why the Fed?
The Fed is positioned at a unique, critical point in the economy. There is no better time and opportunity to build my career in quantitative risk management and gain valuable experience at the nation's most influential regulatory body.
I am a member of the model development team in Risk Analytics. My responsibilities include building market and credit risk models to enhance the Feds ability to measure and manage exposures from extensions of credit, as well as supporting the groups role in validating internal and vendor risk models.
Challenges and Rewards of My Job
One of the challenges is the continual need to be aware of evolving financial risk and policy issues in the market. Possessing such in-depth industry and technical knowledge is critical to fulfilling the rest of my responsibilities. Fortunately, the rewards of working here are the constant opportunities to learn and the amount of resources available for internal and external training.
How Is the Fed Unique?
The Banks employees share a deep, common understanding about Feds role in the economy, and this understanding is visible in the way employees conduct their work with passion, integrity and of high quality.