The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Working at the Fed has been remarkably perfect for me. The institution's role and position in policymaking and regulation afford daily opportunities to work on substantive, meaningful issues, to learn constantly about topics that fascinate me and to have a tangible influence on making things better for the global financial markets. This is about as close to a dream job as Ive ever been.
I mainly work on policy and regulatory matters regarding the over-the-counter derivatives markets, with a focus on infrastructure. The work entails a lot of analytics, writing and coordination. On any given day youll probably find me making contributions to briefings, memorandums, research, and other sorts of written material; on the phone with other financial regulators, market participants and infrastructure vendors; meeting with other departments both inside and outside of Financial Institution Supervision Group; and reviewing and commenting on all manner of written work both inside and outside the Fed.
Challenges and Rewards of My Job
Ive been fortunate enough to be in an area that involves a constant, dynamic, and sometimes intensive flow of new assignments of all stripes. I love the energy and variety that comes with this kind of environment, and naturally its a bit challenging at times in terms of time management. But the biggest reward for me is being able to work on issues I care about with people I care about. I love my team!
How Is the Fed Unique?
Having spent a good portion of my career in the financial industry and with some limited exposure to government, I am struck by the Feds valuable position straddling these two worlds. Much of the work I see being done both in and outside the department has underscored the benefits of positive co-operation between the public and private sectors. I think the Fed is uniquely situated to take advantage of the synergy, especially at this juncture in global financial history.