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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Area: Audit Title: Audit Senior Associate Education: Morgan State University
Why the Fed?
The New York Fed is a great opportunity to learn about the inner workings of the central bank of the United States and to gain knowledge on how banks are regulated.
As part of the Markets team within Audit, I am primarily responsible for auditing the Liquidity Facilities and Programs, specifically the Term Asset-Backed Security Loan Facility, created in response to the recent financial crisis. I am also responsible for auditing Discount Window and Collateral Management operations.
Challenges and Rewards of My Job
My greatest challenge is managing the demands of my work schedule, but this in turn is my greatest reward in that I have exposure to a number of operations within the Bank and I am able to assist business areas on how they can run their businesses more efficiently and effectively.
How Is the Fed Unique?
The Fed is unique because of the work that we do, which influences the lives of everyday people, as well as the economy in general. The Fed also employs a diverse group of talented people with different backgrounds to meet the unique challenges faced as the U.S. central bank.