Director of Reference Rates

How You’ll Make an Impact as the Director of Reference Rates:   

Provide strategic leadership of and manage reference rate production and analysis of key money market developments.  

People management responsibilities: 

• Direct a high-performing team of managers, specialists, and analysts engaged in reference rate production in support of the Federal Reserve Bank of New York’s responsibility as an administrator and producer;  

• Provide strong leadership which cultivates a professional workplace environment that promotes inclusiveness, fosters collaboration, and supports open and transparent communication with an emphasis on talent management to attract, develop, and retain top talent; 

• Direct the alignment of resources with the long-term Markets Group strategic plan and work with the DIM senior leadership team to develop and execute DIM’s strategy.  Align the RR strategic plan with DIM’s long run goals and oversee its implementation. 

Operational and analytical responsibilities: 

• Promote strong risk management practices and ensure robust control environment and culture. 

• Collaborate with first, second, and third line partners to ensure the readiness, resiliency and effectiveness of operational tools for the range of reference rate production conducted within the Directorate; 

• Lead the team’s experts in delivering high-quality, policy-relevant analysis of developments in money markets in support of the Bank’s contributions to the Federal Reserve System’s monetary policy and financial stability objectives; 

• Provide thought leadership in setting a forward looking analytical and operational agenda to meet current and future policy needs. Work with senior stakeholders to adjust strategic priorities in response to shifts in the operating environment or policy landscape; 

• Engage with senior leaders across the Bank, Federal Reserve System and U.S. Treasury to ensure operational output and analytical products and briefings are aligned with stakeholders’ priorities; 

• Represent the Bank externally in interactions with private sector counterparties and the RRUC to further develop the Bank’s understanding of key issues related to the integrity and resiliency of reference rates, including how the use of reference rates is evolving and how the markets underpinning them may be changing as well; 

• Represent the Bank in international meetings and maintain relationships with senior representatives from other central banks on relevant policy issues pertaining to reference rates production. 

The Unique Skill Sets We’re Looking For:   

• Relevant work experience with a demonstrated interest in financial markets and central bank policy implementation.  Substantial knowledge of financial instruments, market structure, macroeconomic theory and monetary policy; understanding of U.S. money markets is a plus 

• Excellent demonstrated leadership and decision-making skills with the ability to oversee highly visible, time sensitive and consequential financial market operations; 

• Strong business judgment, proactive leadership, and a strategic orientation to lead a high performing team 

• Demonstrated agility and flexibility to guide the directorate through change management and unforeseen business challenges 

• Foresight to anticipate and respond to rapidly evolving analytical needs and priorities; 

• Strong aptitude and experience in the sustainable and ongoing development of talent, with a track record leading wide-ranging teams to achieve high-quality and timely results across policy, operational, and analytical objectives; 

• Demonstrated ability to provide constructive and timely coaching and feedback on performance, strengths, and areas of development; demonstrated commitment to providing meaningful growth opportunities to team members; 

• Keen self-awareness and high emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability, and authenticity, and the capacity to embrace and draw from various perspectives in an inclusive way to improve the quality of outcomes; 

• Strong analytical, written and oral communication skills, including the ability to synthesize and transform complex issues and data into meaningful and actionable information for decision-makers, and the ability to lead others in this work; 

• Excellent organizational and planning skills; 

• Ability to credibly represent the Bank in market discussions with senior members of the investment community and the official sector; 

• Approximately 10% travel required. 

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  

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.