Posted in General Business 30+ days ago.
Type: Full-Time
Location: Richmond, Virginia
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 Risk Analytics 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 Account Risk Management Associate Analyst for the ARA 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 Associate Analyst:
Monitor payment activity to ensure compliance with OFAC requirements and Bank and CBIAS AML policy.
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 a 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:
Gains experience in performing operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail.
Fosters effective working relationships with staff and management by communicating and collaborating effectively with team members, peers, senior management, and external parties.
Entry-level individual contributor on a project or work team.
Broad 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 Ranges:
New York Salary Range: $56900 - $71100
Richmond, VA Salary Range: $52100 - $65100
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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, or military service.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
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.
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.
Salary: $75,050.00
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