Counsel - Supervision, Markets & Financial Services Division

CompanyFederal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:   

The Supervision, Markets & Financial Services division within the New York Fed’s Legal & Compliance Group includes attorneys who specialize in areas of law applicable to a wide set of Federal Reserve banking operations, policy initiatives, and supervisory oversight, including those related to Federal Reserve domestic and international accounts and financial services, payment and settlement systems, open market, foreign exchange, and discount window lending operations, international policy and strategy, technology-driven innovation in financial services, and bank and bank holding company applications and regulatory reporting.

The attorney selected for this position will be expected to work closely with other lawyers in the New York Fed’s legal function and will often collaborate with colleagues at other Federal Reserve Banks and the Board of Governors of the Federal Reserve System.

 

How You’ll Make an Impact as a Counsel - Supervision, Markets & Financial Services Division:

The attorney selected for this role will analyze, provide advice on, and draft and review memoranda, agreements, and other documentation related to legal, policy, and transactional matters related to:

• The accounts and financial services that the Federal Reserve Banks provide to domestic financial institutions, the United States government, government-sponsored enterprises (GSEs), international organizations, and other eligible entities.
• New York Fed lending, collateral, and credit risk management activities pursuant to ordinary and emergency authorities.
• Federal Reserve policy initiatives in payment and market infrastructures and related financial innovation.

The attorney selected for this role may also be asked to advise from time to time on matters relating to:

• The New York Fed’s activities in open market operations, U.S. Treasury auctions, foreign exchange trading, and U.S. dollar reserve management for international official-sector institutions.
• Federal Reserve regulatory and supervisory authority over banks, bank holding companies, U.S. branches of foreign banks, and financial market utilities, among other entities.

 

The Unique Skill Sets We’re Looking For: 

• Juris doctor with extensive experience providing legal advice on at least one of the following: financial services, clearing and settlement services, secured lending, structured finance, financial innovation, and banking supervision or regulation.
• Exceptional oral and written communication skills, including exceptional drafting skills, particularly with respect to transactional documents and legal research memoranda, and extensive experience drafting and negotiating contracts;
• A strong focus on client service and a proven track record of working both independently and collaboratively on teams; and
• Admission to the New York State bar (or a commitment to seek admission in New York and admission in a jurisdiction that has established reciprocity with New York).

Cover letters are strongly encouraged.

Other Things to Know: 

Salary Range: $220000 - $250000 / year 

We believe in transparency at the New York 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.  

How We’ll Support You: 

Our programs and benefits are designed to support you through all your life stages:

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

Find Out Why We’re an Award-Winning Workplace:  

• Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces, 2024, 2025)
• Early Talent Award Winner (Handshake, 2024, 2025)
• Campus Forward Award Winner (Ripple Match, 2023, 2024, 2025)

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.  

Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. 

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.  

 

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change. 

 

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryLegal Family Group

Work ShiftFirst (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Privacy Notice