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.
Area: Financial Institution Supervision Title: Senior Bank Examiner Education: University of New York at Stony Brook; Darsden School, University of Virginia
Why the Fed?
As the nation's central bank, the Fed seemed like an interesting place to work but I became especially drawn to it during the recent financial crisis. I admired the innovative tools used to stabilize our financial system. I was also intrigued by the opportunity to creatively use my experience in financial services to be part of a solution to the crisis.
I assist and work with Ph.D. economists who perform research work and policy analysis. I often contribute to producing presentations or briefings given to the Bank president and senior management, or at external research conferences. A big part of my job also involves programming in statistical packages to perform econometric analysis for the economists research papers.
Challenges and Rewards of My Job
The job is fast paced. Its an exciting environment, my colleagues are some of the smartest people I know, and Im constantly learning. Theres a lot of room for innovation and creativity. The Maiden Lane facilities touch on many specialties, so it can be a challenge to stay current on several different topics.
How Is the Fed Unique?
The Fed is unique since it is our nations central bank. Its exciting to be part of the institution that conducts monetary policy and is responsible for the stability of our financial system. The New York Fed wants well-rounded individuals and encourages employees to work in different areas of the Bank. Its an extremely collaborative work environment and Ive been part of projects that cross departments as well as other Reserve Banks.