Federal Reserve Bank (FRB)
Sr. Associate/Foreign Exchange Committee Secretariat, Market Operations Monitoring & Analysis, Markets Group (Finance)
The Foreign Exchange Committee (FXC) is an FRBNY-sponsored industry group committed to supporting the integrity and efficiency of the foreign exchange market. Formed in 1978, the FXC is composed of senior business managers and legal, compliance, and operations professionals from a variety of institutions, including securities dealers, banks, buy-side firms, and market utilities. The FXC meets roughly 6-8 times a year to discuss best practices related to the foreign exchange market and works in close cooperation with partners at other central banks, particularly via the Global Foreign Exchange Committee (GFXC). The FXC has been developed best practices and documentation for the FX market covering a broad range of activities including trading, risk management, and operations for many years. The FXC also produces semiannual FX turnover volume surveys that are a key piece of publicly-available data on FX market activity. More recently, the FXC was instrumental in the development of the FX Global Code and in the launch of the GFXC. For more information on the FXC, please visit http://www.newyorkfed.org/fxc/ .
The FXC Secretariat is responsible for coordinating and contributing to significant policy-related work of the FXC, organizing all aspects of the FXC's output and affairs, and serving as the Bank's principal liaison to FXC members. The position provides a unique opportunity for career development through interaction with FXC members, industry groups, senior Bank management, our global central bank partners, and other official institutions. Given the markets that the FXC covers, the Secretariat is expected to work closely with International Markets unit colleagues within MOMA as well as those working to support the Treasury Market Practices Group (TMPG). The Secretariat is also expected to work particularly closely with colleagues in FRBNY's Legal Group who provide support to the FXC and to the GFXC.
While responsibilities related to the FXC Secretariat are expected to account for the majority of this role, the selected individual will also take on specialty market coverage. This will involve covering several aspects of FX market structure and liquidity, with the goal of producing analytical work for MOMA Desk products, and contributing to relevant work within FXC and BIS working groups.
Your role as a Foreign Exchange Committee Secretariat: