Hi,
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.
Responsibilities
· 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.
Requirements
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."
Thanks
Bump
i imagine that this would look really good for an mba and a great talking point in any ib interview
Can you CC me into some memos? :)
Federal Reserve Bank of New York SA summer position: thoughts, insights? (Originally Posted: 03/21/2013)
Wondering what some of your thoughts are on a summer analyst position here as a sophomore. Anyone else is the same boat? Focusing on landing an IBD SA after junior year. I've searched around and have found (few) positive reviews but not much information beyond that.
.
Had a friend here who interviewed for the sophomore SA position with the NY fed. From what he said the role is much more of a project management focused type position where a lot of your work is focused on updating/implementing new systems (in IT, their treasury operations) across the board. You get exposure to the markets obviously, but I don't think that the focus of the role was direct finance experience.
And I understand they have different positions and divisions - but apparently this is all they talked about during the interview. I'm at a target - so I don't think that the position your interviewing for would be radically different, though it could be.
Job at the Federal Reserve (NY) (Originally Posted: 09/30/2011)
Hey guys,
was wondering if anyone had experience interviewing for the Federal Reserve Bank of NY. (Particularly in the bank supervision side as oppose to the market side)
have a interview coming up soon for a position that supports the liquidity/funding area supporting bank examiners etc...
any insight into culture/pay/hrs/exit opps/interview help is greatly appreciated....
thanks bean
had an interview with them for an internship. it was very technical. i forget the name of the division i interviewed with, but it was the "risk control" division.
damn...i can't even consider these types of employers (govt, fed, etc) cuz of my rap sheet haha
@hnic: more technical meaning knowing rates, curves, legislations etc? did they ask any fit questions? also any info on the culture/pay/hrs etc? thanks again
I've heard culture depends on what part of the bank you are in, some are laid bank and some are very demanding. Sorry, not sure about the pay it varies for positions. I know they have ranges when it comes to pay so there may be a little room for negotiation or a signing bonus, especially if you have a masters or a lot of relevant work experience. Not sure on exit opportunities, interested in this as well.
first and foremost, you need to know your resume inside out, just like you shld for any interview. just to be clear, i didn't get the position, but i thought the interview was one of the hardest i had ever had. it took about 3.5 hours, and i ended up speaking to about 5 different ppl. more technical meaning VBA questions, C++ questions, etc, and I went in there as an Econ major.
From FRBNY to Private Sector (Originally Posted: 05/06/2010)
How tough would it be to go from a job with the Fed to a private sector position. I understand contacts/doors that can be opened through such a job, depending on what you are doing. However coming from experience is this common or difficult? What about from an intern position to a full time private sector position?
Depending on what part of the Fed you were working in, I would think that some Global Macro HF's or Government Bond Trading desks would be interested.
...
...
Did you do the job? Was it worth your while? Did it help with other jobs? Considering intern position and have same question.
New York Federal Reserve Bank/SEC Opportunties (Originally Posted: 12/03/2012)
I know the forum is built on private work but was wondering if anyone has any insight with working within the Fed, SEC or another financial government entity?
Obviously, there is tons of exit opportunties but are the roles or functions much more aligned to a consulting experience?
Thanks.
Exit ops from public to private really depend on how you leverage contacts within your work with say, the SEC or Fed Bank NY. Both indeed would provide exit ops, but to my understanding the Fed Bank NY would be your better choice - in NYC already, do more work that has direct implications on the markets beyond regulatory factors. Both would actually look pretty good.
Are you trying the SEC/Fed Bank because you can't do Ibanking/consulting first?
Overall, it's typical to do public service type work, then cash out in the private sector in some form of advisory/consulting role.
I did an internship for a public sector agency and leveraged the experience into a front office BB spot. What really matters is the role you have in the agency and what aspect of the markets you are working with. Some may tend themselves more toward Research or others may be Regulatory Consulting. It does help tremendously to be in a NYC office, even if it is a regional office, because at the end of the day, the best way to secure a position is networking, which is plentiful in NYC. Depends what you make of it.
If you have any more specifics about my experience, just send a PM.
Federal Reserve of NY offer...now what? (Originally Posted: 03/05/2012)
So the FED has offered me an internship. They say they retain 83 percent of their interns full time.
What's the exit ops? Compensation? How will this look for recruiting full time next year?
Thanks
Well unless you have other offers you take it...
How is this even a question? Use your internship to infiltrate Bernanke's inner circle, then leverage your influence to destroy the world economy. Profiting off the ensuing anarchy will be easy since you custom designed the destruction yourself.
Break into Bernanke's circle. Get insider information of upcoming M&As, failing banks, regulatory impacts, etc. Sell insider information to hedge funds and make millions.
Break into Bernanke's circle. Then proceed to hit Bernanke on head with a mallet. Get insider information. Make millions.
break into Bernanke's circle.
break into Bernanke's circle jerk.
Break into Bernanke's circle.
break Bernanake.
wow the maturity level on this site has fallen drastically in the past 6 months
make sweet love with Bernanke
Lol. A real answer would be helpful. I think I got the break Into the circle part.
What position is it for? I could use an insider in the FED. Be sure to break into Bernanke's circle, otherwise you're of no use.
soros broke the bernankey of england
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