Federal Reserve Bank (NY) Photos
- Work/Life Balance
- Culture & Values
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- Comp & Benefits
- Senior Management
I have been working at Federal Reserve Bank (NY) full-time (More than 3 years)
Great place to learn about changes to regulatory policy. Lots of opportunity if technically inclined (i.e. able to program, stats background, etc.).
Even though technical abilities are needed they are often not appreciated. Many decisions are made without reliable data or thoughtful analysis. Significant variability in responsibilities between teams and between the evaluations of the contributions of individuals on the different teams.
Advice to Management
Many of the internal changes over the past several years are moving the company in the right direction. Continue implementing these changes. However, please speed up the implementation process.
Getting an Interview
Getting an Interview
Helpful (4)No OfferNeutral ExperienceAverage Interview
I applied online. The process took 4 weeks. I interviewed at Federal Reserve Bank (NY) (New York, NY) in April 2015.
30 minute phone screening by HR to make sure I speak clearly/concisely, along with basic behavioral questions. Within 30 minutes of me hanging up, she scheduled me for an in person interview; 2 people at the same time (VP & senior associate), 1 hour total. Mostly a behavioral interview, but did ask some technical questions about software I was familiar with and if I was able to come up with macros and lightly program. No offer.
- Walk me through your resume? Describe a time you improved operational processes at your current job. Why the Fed? Biggest challenge(s), shortcomings, strengths How do you use iterative data to come up with meaningful results? Answer Question
The Federal Reserve Bank of New York is the largest in the Federal Reserve System to oversee US bank activities. It issues currency, clears money transfers, and lends to banks in its district. In addition to the duties it shares with 11 other regional Federal Reserve Banks, the New York Fed trades US government securities to regulate the money supply, intervenes on foreign exchange markets, and stores monetary gold for foreign central banks and governments. The New York Fed's district is relatively small (made up of New York, Puerto Rico, the US Virgin Islands ...