Finance jobs at the Fed
Has anyone here worked at the Fed in a finance type role? Tried searching past threads but couldn't find much substantial info. Any information regarding role type, comp, hours, etc. would be greatly appreciated!
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Not sure where you're based, but most of the interesting/"prestigious" jobs are with the NY Fed as opposed to down in DC, just a FYI. That being said, the premier position at the Fed in DC (unsure about other branch banks, but I know some are more specialized [e.g. research at St. Louis]) is their research assistant program (https://www.federalreserve.gov/careers-research-assistants.htm). This is geared towards Econ undergrads that are considering to get masters/PhDs. All of the higher up economists in the Fed naturally have one of those, and it's basically a prerequisite since a lot of what they do is research when they are not "on the round", i.e. when they are not helping with FOMC decisions (unsure if there's a schedule or how that work is actually assigned).
However, the Fed in DC also supervises banks which is more regulatory but can be interesting (https://www.federalreserve.gov/supervisionreg.htm), they do stress-testing and things like that.
Here's an org chart of the DC based Board of Governors: https://www.federalreserve.gov/aboutthefed/files/board-of-governors-org…
To clarify when I say the Fed I mean the entire circuit of federal reserve banks based in the cities around the country not just DC.
My interests aren’t in economic research but more deal/execution based. Don’t these banks lend to other banks as well as other execution/deal type work ?
That would probably be more in the Division of Reserve Bank Operations & Payment Systems but that's more process-driven I'd guess. I'm not too sure otherwise. Other than NY, I would guess Chicago and SF branches are more active in that, and maybe Dallas/Atlanta too but I'm more familiar with the Board of Governors.
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