Account Risk Management Analyst

rb; New York (NY); In loco; USD 90.000 - 110.000; Tempo pieno

Descrizione del lavoro

Federal Reserve Bank of New York is seeking an Account Risk Management Analyst in the ARM Directorate within CBIAS. The role focuses on AML, OFAC compliance, and fraud programs as the first line of defense for international accounts.

You will monitor transaction activity, build customer risk profiles, and analyze geopolitical and regulatory developments. Travel between New York and Richmond, VA sites is required, and you will contribute to risk reviews and management reporting.

Competenze

• Strong analytical, critical thinking and problem-solving abilities.
• Ability to work independently with minimal supervision.
• Interest in international relations and global affairs.
• Ability to leverage analytical tools to organize, analyze and present data for compliance.
• Willingness to travel between New York and Richmond, VA sites.

Mansioni

• Monitor payment and currency activity to ensure OFAC and AML compliance.
• Develop and maintain customer risk profiles using various tools and databases.
• Track geopolitical, economic, and regulatory developments impacting customers.
• Develop regional geographic specialization to understand risks of a global client base.
• Provide analysis of customer trends and activity related to global operations.
• Contribute to risk reviews and present findings to management.

Conoscenze

Attention to detail

Independent work

Analytical skills

Global affairs interest

Data tools literacy

Travel readiness

Strumenti

Microsoft Office

Analytics software

Descrizione del lavoro

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:

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 operating locations in New York City (FRB-NY) and Richmond, Virginia (FRB-R).

The Account Transaction Monitoring (ATM) and Account Risk Analytics (ARA) staff units are two of three units within the Account Risk Management (ARM) Directorate within CBIAS. The ARM Directorate is responsible for risk management activities for its international account services. As the first line of defense for the FRBNY on these international accounts, ARM is principally focused on implementing anti-money laundering (AML), Office of Foreign Assets Control (OFAC) compliance, and fraud programs. The ATM staff conduct day-to-day operations and analytic initiatives related to account control, legal and reputational risk management activities associated with fraud, AML, and OFAC monitoring. The ARA staff supports and coordinates analysts with responsibility for the administration and operation of account control and legal and reputational risk management activities and the execution of AML and OFAC compliance programs.

How You'll Make an Impact as an Account Risk Management Analyst:

• Monitor payment and currency activity to ensure compliance with OFAC requirements, Bank and CBIAS AML policy. 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. This includes 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 of 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.
• Contribute to FIMA customer risk reviews using historical activity to identify higher risk typologies, summarize past engagement and provide rating recommendations.
• Analyze and manage the distribution of intelligence derived from open-source research, transaction analysis, and other sources.

The Unique Skill Sets We're 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.
• Ability to leverage analytical tools to organize, analyze and present data in support of compliance activities.
• Flexibility to travel between the New York and Richmond, VA sites.

Other Things to Know:

Salary Range:

• New York: $90000 - $110000 / year
• Richmond: $75000 - $92000 / year

We believe in transparency at the New York 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 p