Central Bank and International Account Services Associate Director

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 Systems, Risk & Governance (SRG) team is one of three units in 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 SRG team manages data and systems that support the other ARM teams of Account Risk & Analysis and Account Transaction Monitoring and is also tasked with governance and operational excellence responsibilities that support effective risk management for CBIAS.

This posting is for an Associate Director to lead the SRG team and report to the Director of Account Risk Management

How You’ll Make an Impact as Central Bank and International Account Services Associate Director:


* Lead people and processes that encompass maintenance of operational systems and tools supporting ARM responsibilities (i.e.

transaction monitoring; sanctions, AML, and anomaly detection screening systems; and KYC analysis), development and reporting of ARM metrics, calibration of transaction monitoring and screening systems, and other governance-related activities.


* Ensure robust reporting and management of screening systems’ rule performance and effective...