Presented By: University Career Center
Early Career Insights Webinar
Join us for the Federal Reserve Bank of New York Early Career Insights Webinar! This webinar is intended for undergraduate and graduatestudents (Winter 2023 & Spring 2024 classes) interested in the Research,Supervision, and Markets Groups of the Federal Reserve.
This webinar will cover:
• A view of the Federal Reserve System's core mission and responsibilities
• An overview of the Research, Supervision and Marketsgroups
• Information about opportunities available to undergraduate and graduate students
• Key recruitment information for applying to our 2023 Summer Analyst and Associate Programs
A brief description of each group is below.
Research:
The Research Function of the Research & Statistics Group at the Federal Reserve Bank of New York conducts policy-oriented academic research and provides analytic support for the Bank's responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include:
•Assist economists and research associates in the analysis of current public policy issues and events
• Assist economists and research associates in long-term, academically oriented research projects
• Conduct econometric analyses intended for Bank publications as well as academic journals
• Programming in statistical packages such as SAS, STATA, and MATLAB
Supervision:
Acting on delegated authority from the Board ofGovernors of the Federal Reserve System, the Supervision Group of the Federal Reserve Bank of New York supervises a wide range of financial institutions that are subject to the Board’s supervision and are located in the Second Federal Reserve District. Staff in the Group are responsible for supervising one firm, a portfolio of firms, or supervising state member banks for compliance with consumer- and community-oriented laws. Activities include examining and monitoring supervised firm’s or firms’ business strategies and associated risks, financial condition, and compliance with laws and regulations; reviewing and acting on regulatory applicationsfiled by firms to engage in mergers, acquisitions and other expansionaryproposals and engaging with supervised firm’s or firms’ Boards of Directors and senior management; and coordinating supervisory activities with those of other federal and state authorities.
Markets:
The MarketsGroup at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:
• Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
• Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
• Monitors and analyzes developments related to financial stability
• Supports debt issuance and debt management on behalf of the U.S. Treasury
• Provides foreign exchange services to the U.S. Treasury
• Provides account services to foreign central banks, international agencies, and U.S. government agencies
This webinar will cover:
• A view of the Federal Reserve System's core mission and responsibilities
• An overview of the Research, Supervision and Marketsgroups
• Information about opportunities available to undergraduate and graduate students
• Key recruitment information for applying to our 2023 Summer Analyst and Associate Programs
A brief description of each group is below.
Research:
The Research Function of the Research & Statistics Group at the Federal Reserve Bank of New York conducts policy-oriented academic research and provides analytic support for the Bank's responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include:
•Assist economists and research associates in the analysis of current public policy issues and events
• Assist economists and research associates in long-term, academically oriented research projects
• Conduct econometric analyses intended for Bank publications as well as academic journals
• Programming in statistical packages such as SAS, STATA, and MATLAB
Supervision:
Acting on delegated authority from the Board ofGovernors of the Federal Reserve System, the Supervision Group of the Federal Reserve Bank of New York supervises a wide range of financial institutions that are subject to the Board’s supervision and are located in the Second Federal Reserve District. Staff in the Group are responsible for supervising one firm, a portfolio of firms, or supervising state member banks for compliance with consumer- and community-oriented laws. Activities include examining and monitoring supervised firm’s or firms’ business strategies and associated risks, financial condition, and compliance with laws and regulations; reviewing and acting on regulatory applicationsfiled by firms to engage in mergers, acquisitions and other expansionaryproposals and engaging with supervised firm’s or firms’ Boards of Directors and senior management; and coordinating supervisory activities with those of other federal and state authorities.
Markets:
The MarketsGroup at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:
• Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
• Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
• Monitors and analyzes developments related to financial stability
• Supports debt issuance and debt management on behalf of the U.S. Treasury
• Provides foreign exchange services to the U.S. Treasury
• Provides account services to foreign central banks, international agencies, and U.S. government agencies
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