Rick

keith

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 it’s 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.

My Responsibilities

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. It’s challenging because in light of financial innovation, many of today’s capital transactions have very complex structures. As a result, it’s 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 Bank’s mission more effectively.