Ever feel like you can't put that math PhD to good use anymore and make money scalping ahead of order flow, sub-pennying and frontrunning retail in normal and dark pool markets because volumes are just off 1929 levels? Then the Chicago Fed has an offer you just can't refuse. And since money printers can't be choosers, the Fed may also have a spot for those who tried their hand at the New Media (i.e., churning slideshows): "Develop presentations and clarify complex issues for broad audiences." Yet what is most interesting is the following requirement: "Interact with highly informed and technically skilled outside stakeholders while preserving the reputation and credibility of the Reserve Bank." We'll just let that one slide...
From the Federal Reserve System [10] [10](arguably the busiest recruiter of financial talent in the past 4 years)
Financial Markets Sr Analyst
Description:
The Federal Reserve Bank of Chicago is seeking qualified professionals to fill Financial Markets Senior Analyst positions in Chicago, Illinois.
Job Description:
Conduct research and analysis on complex topics and issues in securities and derivatives financial markets trading and technology and/or payment system issues, with a particular emphasis on systemic risk. Responsible for providing important contributions to large-scale division projects. Organize successful policy group and industry meetings. Draw on knowledge of exchanges, clearinghouses, financial institutions, trading firms, and other derivatives industry participants and payment system participants to accomplish objectives. Develop presentations and clarify complex issues for broad audiences. Interact with highly informed and technically skilled outside stakeholders while preserving the reputation and credibility of the Reserve Bank. Develop and maintain communication vehicles to key stakeholders. Develop contacts with representatives of financial markets trading and technology and/or representatives of payments industry firms that foster the flow of information between FRBC and the representatives. Monitor developments in securities and derivatives trading, with an emphasis on high-speed trading, algorithmic trading, technology, and regulatory changes that impact trading and markets and/or developments in domestic and international payment systems. Disseminate information among group and to other agencies. Develop expertise in specialized areas including counterparty credit exposures, margining, and market disruptions, payments fraud, payments strategy, and payments infrastructure. Review policy issues relating to domestic and international financial markets and maintain awareness of current developments in said areas in order to act as a resource to the Financial Markets Group and the Bank's senior management. Develop proposed topics for policy research studies, publication, etc. and participate fully in the production of industry studies, policy memoranda, and comment letters, including data acquisition, analysis, conceptualization, and drafting final documents. Deliver persuasive presentations regarding financial markets to various audiences.
Qualifications:
Education Requirement:
Bachelor’s degree in Finance, Economics, or related field, or the foreign equivalent.
Work Experience Requirement:
5 years of relevant experience, including 2 years of experience with direct analysis of financial markets regulation and policy.
Alternate Acceptable Education and/or Work Experience Requirement:
Master's degree in Finance, Economics, or related field, or the foreign equivalent, and 2 years of experience with direct analysis of financial markets regulation and policy.
Specific Skills or Other Requirements:
(1) experience identifying and using a wide variety of information sources to create a comprehensive research database;
(2) demonstrated network of industry contacts in derivatives trading, including practitioners, consultants, academics, and regulators;
(3) first-hand experience with algorithmic derivatives trading and technology and relevant terminology;
(4) experience with the National Market System for equity securities in terms of regulation, exchanges, and technology;
(5) knowledge of derivatives and securities industry institutions, from a regulatory and operational perspective, including broker-dealers, futures commission merchants, exchanges, proprietary trading companies, infrastructure providers, dark pools, trade consolidators, and clearinghouses.
Experience:
Experienced