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 stretchin