| Job Description : |
Company
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
SOMA Controllers (“SC”) is a business unit under the Corporate Controllers umbrella at the Federal Reserve Bank of New York (FRBNY). SC is responsible for accounting and financial reporting related to the System Open Market Account (“SOMA”), providing SOMA product development consulting and accounting systems support to the Markets Group, and providing accounting operational support for the Central Bank and International Account Services (“CBIAS”) group and the Exchange Stabilization Fund (“ESF”) on behalf of the U.S. Treasury.
SC has an opening for a Product Controller Analyst in Richmond, VA to perform/review daily accounting and reporting. Reporting to the Product Controller Manager, you will learn about the wide range of operational, analytical, and services-oriented responsibilities of the Markets Group whose core mission is to:
Implement market operations consistent with FOMC authorization and directives
Monitor and analyze global financial market developments
Provide financial services for foreign and international monetary authorities
Provide capital market-related fiscal agency services to the U.S. Treasury
SC daily operations focus on processing accounting in Markets’ systems, performing proof and control activities and preparing reporting. SC staff performs operational activities on a rotating schedule, including start of day activities beginning at 8:00 am and end of day activities that typically conclude by 6:45 pm.
Your role as Product Controller Analyst:
Perform daily accounting at start of day and/or end of day for Markets systems, including OPICS
Troubleshooting accounting proof and control issues with Markets staffs, Fedwire Operations, Corporate Accounting and other Federal Reserve Banks
Prepare/review daily accounting activity
Prepare/review daily, monthly, and quarterly financial reporting and analysis
Review periodic account and custody reconciliations
Participate in periodic audits and internal control reviews
Support new product implementations and related system testing
What we are looking for:
Relevant work experience in public accounting or fund accounting with an understanding of one or more of the following: government securities, mortgage-backed securities, lending, swaps, or foreign exchange products
Knowledge of internal controls, accounting operations and systems (e.g. custody systems)
Strong analytical skills
Experience with Excel macro, Crystal reporting, SQL queries a plus
Experience interacting with colleagues across staff units
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Tuition Assistance Program
And more
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
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.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
No
Job Category
Accounting/Finance
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.
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