Compliance Risk Supervising Examiner

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 Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District.

The objectives of supervision are to:


* Evaluate and promote the overall safety and soundness of supervised institutions


* Ensure supervised institutions’ compliance with relevant laws and regulations


* Facilitate the stability of the financial system of the United States


* Support the growth and stability of the U.S.

economy

Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of individual firms, and other professionals focused on analytical, policy and risk matters.

Supervision is coordinated with other US agencies.

The Large and Foreign Banking Organization (LFBO) Function is responsible for monitoring and assessing the safety and soundness of three large domestic and all foreign-owned firms with U.S.

Operations (FBOs) in the Second District.

Your role as a Compliance Risk Supervising Examiner:
You will work in a dynamic team environment and play an important role in helping the Federal Reserve carry out its regulatory responsibilities.

The Compliance Risk Supervising Examiner will have primary responsibility for examinations, continuous monitoring, and evaluation of the compliance risk management and control frameworks of Institutions in the LFBO portfolio with respect to AML controls, sanctions, and counter-terrorist financing (CTF).

Core responsibilities include:


* Leading or participating in firm specific examinations that may include firms’ compliance risk management practices, including compliance with relevant AML laws and regulations, the requirements of the Office of Foreign Assets Control (OFAC), other CTF regulations and complex BSA/AML and OFAC enforcement actions.


* Developing well-supported supervisory assessments and presenting examination results to supervised institutions, Federal Reserve colleagues, and other supervisory authorities.


* Driving continuous monitoring activities including meetings with management, and review and analysis of internal risk reports, business plans, committee meeting minutes and other materials for the assigned institution(s).
...