F

Federal Home Loan Bank of New York

Wholesale mortgage liquidity provider for members

Human Resources Business Partner 2

Full-Time
$110k - $125k/yr
Mid
Bachelor's
New Jersey, USA
In PersonThe role is based in the Jersey City office.
People & HRHR Generalist & Employee Relations

About the job

Requirements
  • A bachelor's degree in human resources is required.
  • Three to five years of progressive human resources experience with the ability to partner effectively with business leaders is required.
  • Strong verbal and written communication, negotiation, conflict resolution, and meeting facilitation skills are required.
  • The ability to advise and coach managers on workforce planning, talent management, employee relations, and other people-related matters is required.
  • Strong problem-solving skills and the ability to apply human resources knowledge to business challenges and recommend practical solutions are required.
  • Working knowledge of employment law and human resources practices, with a focus on compliance, is required.
  • Experience with Workday and other human resources information systems and proficiency with Microsoft Office Suite are required.
Responsibilities
  • Serve as the primary human resources partner for designated business groups and provide guidance on employee- and manager-related matters.
  • Advise on employee relations matters, resolve workplace concerns, and support investigations and conflict resolution.
  • Partner with hiring managers to support recruiting, onboarding, and orientation for new employees.
  • Support learning and development initiatives, including new-hire and management training programs.
  • Guide employees and managers through performance management processes, including goals, evaluations, feedback, and development planning.
  • Interpret and communicate human resources policies, procedures, and employment practices to help ensure compliance with applicable labor laws and regulations.
  • Contribute to workforce planning, benchmarking, and alignment of talent capabilities with business priorities.
  • Support diversity, inclusion, employee engagement, and activities that promote a positive workplace culture.
  • Help employees access the resources and support they need to succeed in their roles.
Desired Qualifications
  • Experience supporting cross-functional projects and presenting to diverse stakeholder groups, including senior leaders.
  • Continuing education in human resources disciplines is preferred.
  • Empathy, sound judgment, and a commitment to building trust while balancing employee needs and business objectives.

About the company

F

Federal Home Loan Bank of New York

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The Federal Home Loan Bank of New York (FHLBNY) is a wholesale financial institution that helps local community lenders in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands grow housing and neighborhood development. It provides real-estate-collateralized credit and liquidity to its member institutions, which include commercial banks, savings banks and credit unions, so those lenders can offer affordable housing and community programs in their communities. The bank’s products work by offering secured loans and liquidity to member lenders, who then on-lend to households and small businesses. As a privately-owned cooperative within the nationwide Federal Home Loan Bank System, FHLBNY distinguishes itself by being Congress-chartered and focusing on pooled liquidity and secured credit for its members rather than direct consumer lending. Its goal is to advance housing opportunity and local community development by maximizing the capacity of member lenders to serve their markets.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1932

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Simplify's Take

What believers are saying

  • June 30, 2026 FHLBNY invested $25 million in HDC bonds for 1,027 units.
  • February 9, 2026 it opened $93.8 million for 2026 housing and homebuyer grants.
  • July 23, 2026 advances jumped 38.1%, showing member demand for reliable liquidity.

What critics are saying

  • July 21, 2026 Congress reviewed FHLB membership, capital, and AHP expansion through 2031.
  • FHFA proposed July 2026 repealing New Business Activities rules, tightening strategic uncertainty.
  • A 15% AHP mandate would compress FHLBNY earnings and weaken retained earnings by 2031.

What makes Federal Home Loan Bank of New York unique

  • July 2026 FHLBNY held $197.9 billion assets, funding collateralized member advances.
  • August 20, 2026 AHP grants financed 47 projects across four territories and six states.
  • Twenty-five years with HDC produced $1.68 billion investment supporting 70,000 New York City homes.

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Benefits

  • Hybrid Work Options
  • Remote Work Options
  • Flexible Work Hours
  • Health Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • Wellness Program

Company News

Associated Press
Oct 22nd, 2026
FHLBNY Q3 net income dips 1.3% to $157.6M as advances surge 30% to $120.5B

The Federal Home Loan Bank of New York (FHLBNY) reported third quarter net income of $157.6 million, down 1.3% from $159.7 million a year earlier. Net interest income rose 1.2% to $214.5 million. Non-interest income fell 14.3%, mainly due to lower market values on mortgage commitments and retirement plan assets. Total assets reached $188.7 billion at September 30, 2026, up 20.6% from December 31, 2025. Advances rose 30.3% to $120.5 billion as members' funding needs grew. Return on average equity was 6.48% (annualised), compared with 7.65% a year earlier. The bank allocated $28.2 million from its quarterly earnings to affordable housing and community development.

GlobeNewswire
Jun 30th, 2026
Federal Home Loan Bank of New York invests $25 million to support affordable housing supply in New York City.

Federal Home Loan Bank of New York invests $25 million to support affordable housing supply in New York City. - New York City Housing Development Corporation bond purchase will help create or rehabilitate 1,027 units of affordable housing - NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) - The Federal Home Loan Bank of New York ("FHLBNY") announced a $25 million investment in a New York City Housing Development Corporation ("HDC") bond issuance that will help create or substantially rehabilitate 1,027 units of affordable housing for HDC's ELLA ("Extremely Low and Low-Income Affordability") housing program. Upon completion, these units will support New York City's most vulnerable residents, including formerly homeless individuals, seniors, and low-income households. A portion of the units will also provide supportive services, funded through the New York City 15/15 Supportive Housing Initiative. "As we approach the 250th anniversary of the United States of America, we recognize that throughout our nation's history, access to stable and affordable housing has helped provide a foundation for freedom and independence," said Randolph C. Snook, president and CEO of the FHLBNY. "The Federal Home Loan Bank of New York is proud to leverage the full strength of our balance sheet to continue to partner with HDC to support the critical work they do for our fellow New Yorkers." "The Federal Home Loan Bank of New York's investment in our most recent bond issuance will further our ability to finance more affordable and supportive housing for vulnerable New Yorkers," said HDC President Eric Enderlin. "Thank you to the entire FHLBNY team for your continued commitment to expanding New York City's supply of deeply affordable homes." Since 2025, the FHLBNY has utilized its investment authority to purchase a combined $400 million in bond issuance from HDC, which has helped or will help create, rehabilitate or preserve more than 9,500 units of housing across a range of HDC programs. These transactions, the latest in a partnership with HDC that spans 25 years and includes $1.68 billion in investment to support more than 70,000 homes, will help to ensure the long-term stability and affordability of existing public and affordable housing throughout New York City. Connect with Us: Follow the FHLBNY on LinkedIn and X/Twitter to learn more about how we connect with communities. About the Federal Home Loan Bank of New York The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of March 31, 2026, the FHLBNY serves 337 member institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The FHLBNY's mission is to provide members with reliable liquidity in support of housing and local community development.

Associated Press
Apr 23rd, 2026
Federal Home Loan Bank of New York allocates $22M from Q1 2026 earnings to affordable housing

The Federal Home Loan Bank of New York reported net income of $153.9 million for the first quarter of 2026, down 1.2% from $155.7 million in the same period last year. Return on average equity rose to 7.31% from 7.16% year-on-year. Total assets reached $176.7 billion as of 31 March 2026, up 12.9% from $156.5 billion at year-end 2025. Advances increased 19.5% to $110.5 billion over the same period. Total capital grew to $8.9 billion from $8.0 billion. The bank allocated $22.3 million from first quarter earnings to affordable housing and community development programmes. As of 31 March 2026, FHLBNY served 337 member institutions across New Jersey, New York, Puerto Rico and the US Virgin Islands.

Associated Press
Feb 20th, 2026
Federal Home Loan Bank of New York reports $599.8M net income for 2025, down 18.8%

The Federal Home Loan Bank of New York reported net income of $599.8 million for 2025, down 18.8% from $738.5 million in 2024. Net interest income fell 13.7% to $851.8 million, driven by an 85 basis point decrease in yield on average earning assets and an $8.9 billion decline in average advances balances. Total assets stood at $156.5 billion as of 31 December 2025, down 2.4% from the previous year. Advances decreased 13.1% to $92.5 billion. Return on average equity was 7.25% for the year, compared to 8.49% in 2024. The FHLBNY allocated $66.7 million from 2025 earnings to its Affordable Housing Programme and set aside an additional $48.3 million for voluntary affordable housing and community development initiatives. The bank remained compliant with regulatory capital ratios and liquidity requirements.

Gridley Herald
Dec 18th, 2025
Federal Home Loan Bank of New York invests $225M in HDC bonds to support 6,300 affordable housing units

The Federal Home Loan Bank of New York has invested $225 million in a New York City Housing Development Corporation bond issuance to help create, rehabilitate or preserve 6,320 units of affordable housing. This follows a $150 million bond purchase in June 2025 supporting over 2,250 homes. The investment will fund nine senior loans under the ELLA programme for extremely low and low-income housing, preservation programme financing, and rehabilitation of 3,595 public housing units through HDC's PACT programme. Affordability levels reach as low as 30% of area median income. Over 25 years, FHLBNY has invested $1.66 billion in HDC bonds, supporting 70,000 homes across New York City. The partnership reflects both organisations' focus on addressing housing affordability and supply challenges.