Got a call back from the Fed of NY, for a position in the Statistics function, in the Survey & Data Research Area. Looks like survey collection and entry, which isn't too appealing. I've been in corporate finance in a F50 non-financial firm for the four years since I graduated undergrad, and am trying to break into banking/public finance. Does anyone know anything about this group? Would it be a good entry-point for me if I was planning on getting an MBA soon?
Below is listing:
"The Statistics Function collects, reviews and analyzes regulatory, deposit, credit, security, organizational structure and Cross Border data submitted to the Federal Reserve Bank of New York from domestic and foreign depository institutions, capital market participants, and bank holding companies. These data are used in the implementation of monetary and foreign exchange policy, the construction of the balance of payments statistics, bank supervision and compliance reviews, and monitoring of domestic and international markets.
The Survey & Data Research Area is mainly responsible for collecting economic and financial surveys on behalf of the Board of Governors, the Research Function of the NY Fed and other districts. These surveys are used to inform monetary policy decisions. In addition, this area is responsible for collecting Tri-Party repo data, managing the BIS Data Exchange process and monitoring the receipt of data from CHIPS, DTCC, and CLS. This Unit is in the process of expanding the scope of its data collection services to meet the evolving information needs of data users by modifying and expanding the scope of the existing national economic surveys, conducting new data collection initiatives on behalf of the Board and other Reserve Banks.
* Collect data via qualitative surveys and contribute expertise in data management by gathering business requirements, testing the survey application and maintaining the respondent base through various forms of communication.
* Collect and analyze survey metrics in terms of response rate, industry and geographical location to ensure proper sample representation.
* Build strong relationships with stakeholders to ensure Unit is providing correct deliverables and identify opportunities in providing more client-servicing deliverables.
* Collaborate with stakeholders by recommending ideas to expand and retain respondents through monthly meetings and/or conference calls.
* Participate in the Survey Redesign Project by providing input to the business requirements, reviewing use cases and writing or executing test plans that reflect an understanding of the application, data, and process.
* Work with divisional management in the coordination of the Annual Economic and Financial Survey Workshop. This Workshop is a forum where practices, processes, and applications used to collect local economic and financial surveys within the Federal Reserve System are shared.
* Process and analyze FR 2502Q data submitted by respondents and prepare explanations of edit exceptions and unusual trends in data for users.
* Improve support to the BIS, the Board and FRB Research Functions by assisting in analyzing data issues, including the fulfilling data requests, ensuring the timely delivery of quality data, and reviewing the content of data reported to ensure that all required data are captured correctly in the reporting process.
* Lead or participate as Project Manager or Subject Matter Expert in the implementation of new data collection initiatives.
* Identify, propose and implement workflow efficiencies.
Undertake ad hoc projects and assignments, as required.
Bachelor's degree required; CPA or CFA preferred.
Strong analytical and problem-solving skills.
A solid focus on relationship management and working with colleagues in building effective relationships with clients.
Strong organization and self-management skills.
Detail-oriented and proven ability to assimilate new information quickly.
Strong written, oral, communication and interpersonal skills.
The ability to manage tasks and deadlines, while providing high quality and timely products.
Proficient computer skills, including MS Office suite such as: Visio, Excel, Word, Access, Power Point."