The #1 Site for Finance Jobs - search all Finance jobs.
Mrj3k063mb0qxh4yycn

Senior Capital Markets Analyst/Capital Markets Analyst

Description

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


Job Summary:

This Job Description is within the Capital Markets/Quantitative Analytics Job Family, aimed primarily for positions within the Risk Assessment, Data Analysis and Research (RADAR) Securities Evaluation Service (SES) business lines, but could include anyone within Supervision Regulation and Credit (SRC) that performs these tasks. An ideal candidate must have knowledge of and be able to perform actions that are related to activities in the SES business line.  


Job Summary:

The Senior Capital Markets Analyst possesses in-depth knowledge of fixed income/structured finance securities in bank supervisory areas, including credit risk, interest rate risk, liquidity risk, model risk, and bank capital. Provides support to bank examiners and risk specialists throughout the Federal Reserve System (FRS) in evaluating financial institutions’ portfolios of fixed income/structured finance products, producing timely and comprehensive reports for examiners on bank investment portfolios.


The Senior Capital Markets Analyst conducts ongoing surveillance of the fixed income/structured finance markets to monitor industry trends and identify emerging issues and risks. Prepares and presents accurate and comprehensive reports related to complex and important sectors of the ABS/MBS/Fixed Income markets, briefs and advises business unit and Bank and System management on the identified issues and risks. The Analyst participates on System initiatives and projects, including but not limited to the Dodd Frank Act Stress Tests (DFAST), the Comprehensive Capital Analysis and Review (CCAR) Program and Basel capital rule setting. The Analyst also works with FRS staff on longer-term research projects involving investment securities or whole loan products, reviews the work of other analysts and provides training to FRS staff on fixed income knowledge.


Principal Duties and Responsibilities:


Plans and conducts initiatives to value complex fixed income securities and derivatives products using Intex software and other valuation tools. Assists bank examiners in valuing and evaluating financial institutions' investment portfolios and provide perspectives on areas including credit risk, interest rate risk, liquidity risk, model risk, and bank capital.


Plans and conducts ongoing surveillance of complex and important sectors of the fixed income and structured finance markets to examine current and emerging risks. Prepares and presents accurate and comprehensive conclusions, recommendations, and reports on these sectors for SRC management and staff and FRS management and staff.


Serve as the System and Reserve Bank subject matter expert in fixed income/structured finance horizontal studies and supervisory initiatives including but not limited to CCAR, DFAST and Basel capital rule setting.


May review the work of less experienced analysts. May provide training to FRS staff to promote fixed income learning. May participates on bank, department, or system projects or task forces. Fulfills job duties and responsibilities in conformance with safety and soundness practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.


Subordinates:

None


Scope Measurements:

None

Requirements

Education and Experience:

Bachelor's degree in a business or quantitative discipline, such as economics, finance, or statistics is required, with a minimum of five years of industry experience. An advanced degree in a business or quantitative discipline is strongly preferred.


Knowledge and Skills:

 

Progress towards CFA, FRM or other risk management certification is preferred; knowledge of Bloomberg, Intex and other fixed income software is preferred; programming skills in SAS, Stata, R, Python, or Tableau is a plus, as is some working knowledge of SQL and Excel VBA.


Strong written and oral communications skills. Independently presents findings and assessments concerning highly complex supervisory matters or institutions; demonstrates ability to discuss the most complex issues with any stakeholder either within or outside the Division; assists others in their communication to achieve a consistent message, tone, style and format; actively engages in transferring technical knowledge; demonstrates effective use of listening skills and the ability to manage the communication process.


Strong analytical and problem solving skills. Demonstrates strong analytical skills; gathers tangible and factual evidence from many sources; recognizes symptoms that may indicate severe problems or issues; organizes data and information in a manner that effectively communicates issues and underlying causes. Ability to collect and analyze data to track performance of key variables and identify possible sources of emerging risks within the financial sector.


Strong interpersonal skills. Demonstrates the ability to effectively lead a team; draws on experience to resolve complex issues; leads complex and diverse team efforts through technical expertise and leadership/skills of influence; leverages relationships and networks to accomplish goals and objectives; encourages and supports other team members to develop productive work relationships.


Strong time management skills. Identifies and assesses highly complex supervisory issues; able to effectively manage highly complex supervisory issues to achieve supervisory or organizational goals. Subject to little to no oversight in work performed; may serve as mentor/coach; may coordinate and/or supervise activities of others; applies specific experience and expertise in business line and recommends preferred courses of action to guide management in highly complex matters. Senior Capital Markets Analysts are highly motivated individuals who are able to work under moderate supervision and are interested in fixed income investments.


Other Requirements:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National, or hold permanent resident status with intent to become a U.S. Citizen.


Physical Requirements:

None


Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or hold a permanent resident/green card with intent to become a U.S. Citizen.


The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace


Note: This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Philadelphia reserves the right to modify the elements of this job description, as business needs require.

Job Snapshot

Location US-PA-Philadelphia
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Management
Apply

Company Overview

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn More

Contact Information

US-PA-Philadelphia
Snapshot
Federal Reserve Bank of Philadelphia
Company:
US-PA-Philadelphia
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Management
Store Type:

Description

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


Job Summary:

This Job Description is within the Capital Markets/Quantitative Analytics Job Family, aimed primarily for positions within the Risk Assessment, Data Analysis and Research (RADAR) Securities Evaluation Service (SES) business lines, but could include anyone within Supervision Regulation and Credit (SRC) that performs these tasks. An ideal candidate must have knowledge of and be able to perform actions that are related to activities in the SES business line.  


Job Summary:

The Senior Capital Markets Analyst possesses in-depth knowledge of fixed income/structured finance securities in bank supervisory areas, including credit risk, interest rate risk, liquidity risk, model risk, and bank capital. Provides support to bank examiners and risk specialists throughout the Federal Reserve System (FRS) in evaluating financial institutions’ portfolios of fixed income/structured finance products, producing timely and comprehensive reports for examiners on bank investment portfolios.


The Senior Capital Markets Analyst conducts ongoing surveillance of the fixed income/structured finance markets to monitor industry trends and identify emerging issues and risks. Prepares and presents accurate and comprehensive reports related to complex and important sectors of the ABS/MBS/Fixed Income markets, briefs and advises business unit and Bank and System management on the identified issues and risks. The Analyst participates on System initiatives and projects, including but not limited to the Dodd Frank Act Stress Tests (DFAST), the Comprehensive Capital Analysis and Review (CCAR) Program and Basel capital rule setting. The Analyst also works with FRS staff on longer-term research projects involving investment securities or whole loan products, reviews the work of other analysts and provides training to FRS staff on fixed income knowledge.


Principal Duties and Responsibilities:


Plans and conducts initiatives to value complex fixed income securities and derivatives products using Intex software and other valuation tools. Assists bank examiners in valuing and evaluating financial institutions' investment portfolios and provide perspectives on areas including credit risk, interest rate risk, liquidity risk, model risk, and bank capital.


Plans and conducts ongoing surveillance of complex and important sectors of the fixed income and structured finance markets to examine current and emerging risks. Prepares and presents accurate and comprehensive conclusions, recommendations, and reports on these sectors for SRC management and staff and FRS management and staff.


Serve as the System and Reserve Bank subject matter expert in fixed income/structured finance horizontal studies and supervisory initiatives including but not limited to CCAR, DFAST and Basel capital rule setting.


May review the work of less experienced analysts. May provide training to FRS staff to promote fixed income learning. May participates on bank, department, or system projects or task forces. Fulfills job duties and responsibilities in conformance with safety and soundness practices. Demonstrates effective SRC Core Competency skills for grade and position. Performs other related duties as assigned.


Subordinates:

None


Scope Measurements:

None

Requirements

Education and Experience:

Bachelor's degree in a business or quantitative discipline, such as economics, finance, or statistics is required, with a minimum of five years of industry experience. An advanced degree in a business or quantitative discipline is strongly preferred.


Knowledge and Skills:

 

Progress towards CFA, FRM or other risk management certification is preferred; knowledge of Bloomberg, Intex and other fixed income software is preferred; programming skills in SAS, Stata, R, Python, or Tableau is a plus, as is some working knowledge of SQL and Excel VBA.


Strong written and oral communications skills. Independently presents findings and assessments concerning highly complex supervisory matters or institutions; demonstrates ability to discuss the most complex issues with any stakeholder either within or outside the Division; assists others in their communication to achieve a consistent message, tone, style and format; actively engages in transferring technical knowledge; demonstrates effective use of listening skills and the ability to manage the communication process.


Strong analytical and problem solving skills. Demonstrates strong analytical skills; gathers tangible and factual evidence from many sources; recognizes symptoms that may indicate severe problems or issues; organizes data and information in a manner that effectively communicates issues and underlying causes. Ability to collect and analyze data to track performance of key variables and identify possible sources of emerging risks within the financial sector.


Strong interpersonal skills. Demonstrates the ability to effectively lead a team; draws on experience to resolve complex issues; leads complex and diverse team efforts through technical expertise and leadership/skills of influence; leverages relationships and networks to accomplish goals and objectives; encourages and supports other team members to develop productive work relationships.


Strong time management skills. Identifies and assesses highly complex supervisory issues; able to effectively manage highly complex supervisory issues to achieve supervisory or organizational goals. Subject to little to no oversight in work performed; may serve as mentor/coach; may coordinate and/or supervise activities of others; applies specific experience and expertise in business line and recommends preferred courses of action to guide management in highly complex matters. Senior Capital Markets Analysts are highly motivated individuals who are able to work under moderate supervision and are interested in fixed income investments.


Other Requirements:

Applicants must be able to provide work authorization to prove their eligibility to work in the United States. An applicant for employment also must be a U.S. Citizen, U.S. National, or hold permanent resident status with intent to become a U.S. Citizen.


Physical Requirements:

None


Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or hold a permanent resident/green card with intent to become a U.S. Citizen.


The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace


Note: This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Philadelphia reserves the right to modify the elements of this job description, as business needs require.

Mrf5kp6l9mbv7kjw9tl
MoneyJobs Advice

For your privacy and protection, when applying to a job online: Never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction.Learn More

By applying to a job using moneyjobs.com you are agreeing to comply with and be subject to the workinretail.com Terms and Conditions for use of our website. To use our website, you must agree with theTerms & Conditionsand both meet and comply with their provisions.
Senior Capital Markets Analyst/Capital Markets Analyst Apply now