Posted in Management about 14 hours ago.
Type: Full-Time
Location: New York, New York
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 Compliance Function is an independent advisory and control function within the Federal Reserve Bank of New York. The mission of the Compliance Function is to protect the Bank and serve the public interest by ensuring that the Bank adopts sound risk-based compliance controls and by promoting a strong ethical mindset.
The Compliance Function’s Financial Crimes Compliance team is responsible for developing and implementing the Bank’s Anti-Money Laundering (“AML”), Sanctions, and Fraud policies and procedures through monitoring, investigating, training, escalation, and reporting of relevant activity.
Your role as a Compliance & Ethics Associate:
Undertake detailed and well-supported investigations of transactions for the identification of potentially suspicious activity and/or potential sanctions matches, documented with clear rationale to support disposition determinations.
Conduct comprehensive research utilizing industry-standard tools, including reviews of media sources, public records databases, and open-source information.
Analyze research results, identify relevant information, and discern potential areas of concern.
Concisely and effectively communicate findings, both written and verbally, for senior stakeholders at the Bank.
Develop, review, and execute on financial crime compliance policies, procedures, controls, training curriculums, and identify opportunities for enhancement.
Provide subject matter expertise and judgment on financial crime compliance and related topics as assigned.
What we are looking for:
Relevant work experience in AML, sanctions, regulatory compliance, or risk management.
Knowledge of AML, Bank Secrecy Act (“BSA”), Office of Foreign Assets Control (“OFAC”), transaction monitoring, know-your-customer (“KYC”), customer due diligence (“CDD”), sanctions compliance, payment screening, fraud, and broader compliance and ethics fields. ACAMS Certification a plus.
Experience using subscription databases (e.g., World Check, Lexis Nexis, Factiva, etc.), as well as primary-source public records databases.
Strong written, verbal, and presentation skills, including experience providing client service and the ability to communicate findings in a concise manner to all levels of management.
Analytical and problem-solving skills, with the ability to independently conduct investigations, identify issues, draw conclusions, and produce reports and recommendations that translate an idea into appropriate action.
Demonstrated ability to think critically, assimilate new information, make sound decisions, manage multiple responsibilities, and respond effectively in time-pressured situations or to meet tight deadlines.
Salary Range: $105000 - $155000 / 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.leaves@ny.frb.org 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.
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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