Reckitt

Director of Reference Rates

New York, NY, USA · Director · Part-time

Sponsorship not specified$236k-$400kDetected 27 days ago

AccessibilityLeadershipCommunicationCollaborationMentoring

About the role

Company Federal 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.
The Director of Reference Rates (RR) is a member of the DIM Senior Leadership team and provides leadership and management to the Reference Rates D irectorate.
The Reference Rates business line is composed of one staff unit, across two physical locations, and has a combination of policy-relevant operational and analytical responsibilities.

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

Requirements

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation.
Approximately 10 % travel required.

Nice to have

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;
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;
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;

Skills

$208000 - $352000 / year
This salary range reflects a variety of skills and experiences candidates may bring to the job.
Educational assistance, career development tools, and stretch opportunities

Compensation

New York: $236400 - $400000 / year
Chicago: $208000 - $352000 / 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.

Benefits

Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
Our programs and benefits are designed to support you through all your life stages:
Learning & Growing: Educational assistance, career development tools, and stretch opportunities
Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center

Company info

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 Domestic and International Markets (DIM) Function within the Markets Group executes transactions in the open market on behalf of the Federal Reserve System, the U.S. Treasury Department, and foreign official customers, and conducts detailed analysis of financial market developments in support of the Federal Reserve's monetary policy and financial stability decision-making process.
On the operational side, Reference Rates is responsible for producing a number of globally important reference rates, including the Secured Overnight Funding Rate (SOFR) and the Effective Fed Funds Rate (EFFR).
On the analytical side, RR is responsible for producing high quality, timely, and policy-relevant analysis of money market developments, working closely with the Money Markets Directorate, for the Federal Reserve System and U.S. Treasury Department.
The Reference Rates Directorate also oversees the administration of the Reference Rate Use Committee (RRUC), an industry group sponsored by the New York Fed to support the integrity, efficiency, and resiliency in the use of U.S. dollar denominated reference rates across financial markets.
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:

Equal opportunity

We value accessibility for all candidates and are happy to provide an accommodation or assistance.
Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process.

Visa & Work Authorization

citizen when eligible

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