The following Job Positions are Available

POSITION SPECIFICATION

CLIENT COMPANY

The Reserve Bank is an independent government agency created by Congress in 1913 to serve as the central bank of the United States. The Federal Reserve Bank of New York (FRBNY) is one of twelve (12) regional Reserve banks that make up the Federal Reserve System. The FRBNY has jurisdiction over the second Federal Reserve District, which includes New York, twelve counties in New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands and is the largest Reserve Bank in terms of assets and activity volume. The responsibilities of the Federal Reserve include, but are not limited to formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government's financing operations and serving as banker for the U.S. government. The Federal Reserve also has some responsibility for governing the national payment system, protecting consumer rights and promoting development and reinvestment in communities.

For the following positions, please contact Peggy Jackson-Turner at 800-518-1912, peggy@yngbloodesrch.com,
V. Michelle Granger at 800-518-1912, michelle@yngbloodexecsrch.com ,
or Ava Youngblood at 800-518-1912, ava@yngbloodexecsrch.com

Position Title: Funding, Liquidity & Interest Rate Risk Examiner

Position Description

The Funding, Liquidity & Interest Rate Risk Department reports to the Head of Risk Management in the Bank Supervision Group and has the primary function of supervising funding, liquidity and interest rate risk management policies and practices for banks operating in the Second District. The teams major objective is to ensure that banking institutions have procedures and controls in place to properly identify, measure, manage and control existing and emerging risks related to funding, liquidity and interest rate risk management. Consequently, members of the team conduct continuous data collection, analysis and special projects to complement field supervisory initiatives.

The Funding, Liquidity & Interest Rate Risk Examiner will be responsible for bringing optimal funding, liquidity and interest rate risk management techniques and ideas to the Department. In addition, the Specialist will have financial expertise and leadership presence to interface with Treasurers and CFO management at supervised financial institutions.

Position Title: Market Risk Examiner

Position Description

The Market Risk team supervises the capital markets activities of Second District (New York) banks with the objective of promoting market integrity and financial stability in the U.S. and global banking system. The Market Risk Examiner will be primarily responsible for quickly developing a supervisory perspective on markets, financial institutions and financial stability.

1. Primary Responsibilities/Accountabilities

The Market Risk Examiner's time is expected to be divided among the following three key responsibilities:


• Examinations: Participate in or lead examinations of the market risk management function at large complex banking institutions in the Second District and other Federal Reserve Districts. Present examination results to various levels of management at FRBNY and the supervised institutions.


• Monitoring of Risk Profile: Monitor the risk levels of traded products at these large complex banking institutions. Identify emerging risks as markets evolve and as new financial products come to market.


• Projects: Participate in or lead projects on industry-wide risk-taking, risk management practices and other issues related to financial stability.

Position Title: Market Risk Coordinator

Position Description

The New York Fed has created a Structured Credit and Market Risk Senior Analyst ("Senior Analyst") in order to support the risk management of its CMBS exposure. The Senior Analyst will report to the Head of the newly created Structured Products function in the Credit, Investment and Payment Risk group.

The Market Risk Coordinator will be responsible for reviewing and assessing the U.S. operations of a large complex financial institution domiciled in Europe. The Coordinator is responsible for understanding the risk profile of the firm and helping to identify and communicate industry trends and institutional-specific areas of concerns.

Position Title: Structured Credit and Market Risk Senior Analyst - CMBS (Commercial Mortgage-Backed Securities) Specialist

Position Description

The New York Fed has created a Structured Credit and Market Risk Senior Analyst ("Senior Analyst") in order to support the risk management of its CMBS exposure. The Senior Analyst will report to the Head of the newly created Structured Products function in the Credit, Investment and Payment Risk group.

The New York Fed's exposure to CMBS arises from different lending facilities, including the TALF (Term Asset-Backed Loan Facility), Maiden Lane facilities, and the Discount Window. The Senior Analyst-CMBS specialist will primarily be responsible for analysis of the structured credit and market risk of CMBS collateral for the Bank. The Senior Analyst will play an active role in the Bank's risk analysis, measurement, and monitoring functions.