International Policy & Strategy Country Risk Principal

Federal Reserve Bank of New York

Position description


Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The International Policy and Strategy function (IPS) in the Markets Group is responsible for developing and executing on an international analytical and engagement framework to inform and facilitate the execution of the Bank’s international responsibilities, and to build institutional relationships consistent with evolving global financial, economic and transformational trends.

The International Relations and Country Risk Department in the International Policy and Strategy function is responsible for:

  • Monitoring and analyzing country developments and regional/global trends in support of the Bank’s international operational and policy activities and external engagement;

  • Developing and deepening relationships with global central banks and governments, US government entities and private sector institutions, including planning, coordinating and executing external engagements and hosting international visitors to the Bank;

  • Coordinating across groups to ensure that insights gained from international engagements are effectively disseminated within the Bank to inform analysis and assessments;

  • Facilitating standing and ad-hoc cross-Bank teams to promote information sharing and analytical collaboration on international work.

Your role as International Policy & Strategy Country Risk Principal:

  • Analyze country and regional financial and economic fundamentals, political developments and associated policy issues to inform and support Federal Reserve international policy and operating decisions and external engagement;

  • Provide high-caliber analysis on country and regional developments and risks, and facilitate cross-Bank international work groups;

  • Analyze macroeconomic fundamentals including the evolution of the real economy, balance of payments, and fiscal accounts; and monetary, fiscal and external sector policy frameworks;

  • Analyze financial sector trends, credit conditions and systemic risks;

  • Analyze country political and regional geo-political developments and associated policy issues;

  • Provide analytical and external engagement support for international policy and operational businesses;

  • Evaluate country and transfer risk for countries with large US bank exposures;

  • Facilitate cross-Bank teams to address topical international issues and support external engagement;

  • Participate in Bank and Federal Reserve System efforts to evaluate international financial, economic, and market trends and policy issues through written analysis and oral briefings;

  • Maintain working relationships with US government agencies, foreign central banks and public sector entities and international financial institutions;

  • Travel to portfolio countries and participate in, and provide analysis to support, senior engagement, including coordination and preparation of briefing materials and trip readouts.

What we are looking for:

  • Extensive experience in business, finance, economics, or public policy, including training in international economics and finance and lead analyst responsibilities;

  • Familiarity with country risk analysis and a background providing macroeconomic, markets, financial sector, and/or political analysis for senior level executives;

  • Ability to obtain U.S. Security Clearance which includes verification of U.S. Citizenship;

  • Strong analytical and critical thinking skills demonstrated by the ability to draw on relevant in-house and external expertise, assimilate new information quickly, understand complex topics, and develop sound conclusions in a timely manner;

  • Proven ability to quickly synthesize qualitative information and quantitative data from diverse sources to draw inferences, support analytical conclusions, and clearly communicate high-level takeaways for a senior audience;

  • Effective diplomatic skills, including the ability to develop and maintain a broad range of internal and external contact networks;

  • Strong project management skills, including sound influencing and problem-solving capabilities, and the ability to manage multiple assignments simultaneously;

  • Experience working in a team environment where collaboration across functions/stakeholders was essential for success;

  • Foreign language skills and regional expertise preferred.

We welcome you to submit a cover letter highlighting your skills, experience, and interests as they relate to this role.

Salary Range: $183400 – $254900 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.


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