Account Risk Management Analyst

Company Federal Reserve Bank of New York Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies.

You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person.

Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do : The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as support financial stability operations in the U.

S. and abroad. The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.

S. dollar reserve management needs of its official customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services.

CBIAS has a long history of providing safe and efficient banking services to its customer base by managing over $7 trillion for FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day.

CBIAS maintains two operating locations, in New York City and Richmond, Virginia. The Account Transaction Management (ATM) staff is one of three staff units within the Account Risk Management (ARM) Directorate.

The ARM Directorate is responsible for managing the Bank Secrecy Act (BSA) / anti money laundering (AML), Office of Foreign Assets Control (OFAC) sanctions and fraud risks emerging from central bank and international organizations account relationships and account activity as the business’ first line of defense.

We are looking for an experienced Account Relations Management Analyst for the ATM staff, to provide support to a team of professional analysts, charged with conducting the day to day operations and associated analytic initiatives related to operating account control, legal and reputational risk management activities associated with fraud, AML, and OFAC monitoring.

Your role as Account Risk Management Analyst :

• Monitor payment activity to ensure compliance with OFAC requirements and Bank and CBIAS AML policy and take the lead in escalating transactions for concerning activity.
• Develop and maintain customer profiles that identify key areas of activity and potential transactional risk using a variety of available tools, including analytics software and other databases, including Microsoft Office.
• Monitor international geopolitical, economic, and regulatory developments that may affect customer activity and governance, including changes in U.

S. government sanctions programs.

• Develop regional geographic specialization to better understand risks presented by global customer base.
• Provide analysis on customer trends and activity related to global activity.
• Participate in programs geared toward technological enhancements, risk reduction and improved customer service.
• Author and present briefings to management on transaction typologies, customer, or geopolitical developments or other topics which may present undesired compliance or reputational risk.
• Analyze and manage the distribution of intelligence derived from open-source research, transaction analysis, and other sources. What we are looking for :
• Demonstrated ability to perform operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail.
• Ability to work independently with general supervision, and support projects / processes.
• Strong analytical, critical thinking and problem-solving skills.
• Personal and professional interest in international relations and knowledge of global affairs and current events encouraged.
• Flexibility to travel between the New York and Richmond, VA sites. Salary Range : NY : $70000 $100000 / year Richmond, VA : $60000 $85000 / year We believe in transparency at the NY Fed.

This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds.

Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership help shape the culture of the Bank.

They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us.

Learn more. Benefits : Our organization offers benefits that are the best fit for you at every stage of your career :

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center
• And more This position requires access to confidential supervisory information (CSI) and / or Federal Open Market Committee (FOMC) information.

Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of protected individual under 8 U.

S.C. 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and / or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.

S. citizen when eligible. The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person.

Learn more about our code of conduct and conflicts of interest rules. 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, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.

[email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process.

All other inquires including the status of applications will not receive a response from this e-mail box. This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job.

While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) No Job Category Markets Work Shift First (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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