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.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Area: Financial Institution Supervision Title: Financial/Economic Specialist Education: University of North Carolina Chapel Hill, Georgetown University
Why the Fed?
I choose to work at the Fed because the work we do has a significant impact on the nation's economy. Whether its contributing to the safety and soundness of the financial system through our supervision of banks, or through our implementation of U.S. monetary policy, the New York Fed has important responsibilities that make it very unique compared to other banking organizations.
As a policy analyst in Fianancial Institution Supervision, I work closely with other specialists who maintain supervisory oversight over banks' regulatory capital. We interact with bank treasurers who are responsible for raising capital for their firms across the global financial markets. Its challenging because in light of financial innovation, many of todays capital transactions have very complex structures. As a result, its important to stay current about developments in the market place. But that is also what makes it very rewarding. I love working in an environment where I get to follow broader trends in the international capital markets.
Challenges and Rewards of My Job
This job is challenging due to the breadth of knowledge required to truly appreciate the work we do and the fast-paced nature of our group. It is also exciting to follow market developments so closely and to be part of the team that actually implements monetary policy.
How Is the Fed Unique?
I am most surprised that there are so many opportunities and ways that someone can apply their talent within the organization – from analyzing conditions in the international financial markets, to implementing technological enhancements to community involvement. Employees are strongly encouraged to be proactive in suggesting innovative changes to perform the Banks mission more effectively.