Financial Reporting Analyst, System Open Market Accounting, Controllers - Markets Group

Federal Reserve Bank • New York, NY 10008

Posted 2 weeks ago

Job Description


SOMA Controllers ("SC") is responsible for accounting and financial reporting related to the System Open Market Account ("SOMA"), accounting for banking services to foreign central banks and international accounts, and accounting for the Exchange Stabilization Fund ("ESF") on behalf of the U.S. Treasury.

SC currently has an opening for a Financial Reporting Analyst to perform/review daily accounting and reporting. The candidate will have the opportunity to 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 7:30 am and/or end of day activities that typically conclude by 6:45 pm.


* Perform daily accounting at start of day and/or end of day for Markets systems, including OPICS;

* Troubleshooting accounting proof and control issues with other Markets staffs, Electronic Payments, the New York Fed's 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 SC new product implementations and related system testing.


* Degree in accounting or finance, or similar education;

* Two years of relevant work experience such as Fund Accounting or public accounting with an understanding of one or more of the following: government securities, lending, SWAPS, mortgage backed securities, or foreign exchange products;

* Strong knowledge of internal controls, accounting operations and systems (e.g. custody systems);

* Strong analytical skills;

* Experience with Excel macros;

* Crystal reporting, SQL queries a plus;

* Ability to interact effectively with colleagues across staff units;

* Strong verbal and written communication skills;

This position requires access to 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

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.


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