Compliance Manager

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.

What we do:

As part of the Operations and Resiliency (O&R) Group’s first line of defense risk management department , the Reserve Bank Accounts and Services (RBAS) Compliance team performs risk management activities related to Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML) and Office of Foreign Asset Controls (OFAC) for the Bank’s high risk customer accounts, including the assessment of the sufficiency of Second District customers’ BSA/AML and OFAC compliance risk management activities aligned to the Bank’s policies and the Board’s Guidelines for Evaluating Requests for Accounts and Services

This team establishes and manages the related compliance practices and policies related to the provision of master accounts and Federal Reserve financial services for all Second District financial institutions.

The selected applicant will interact with multiple areas of the New York Fed and Federal Reserve System colleagues and work in an important and high-visibility area.

Your role as Compliance Manager:

Reporting to the Director of O&R’s Risk and Compliance Department, your role is to engage with customers, cross Bank stakeholders (e.g.

Legal, Credit, Risk, Compliance, and Policy areas) and retain Federal Reserve System relationships to effectively execute these activities. 


* Manage the RBAS Compliance team and day-to-day activities on the development, execution, and continuous improvement of policies, procedures, and overall controls.


* Provide constructive feedback to staff with a view toward developing staff potential and promoting an inclusive workplace.


* Provide subject matter expertise and judgment on applicable compliance, risk management policies and procedures to existing and potential customers.


* Collaborate with the New York Fed and Federal Reserve System stakeholders to execute on business initiatives and to obtain relevant input to business actions.


* Prepare written reports, communications, presentations, briefings, recommendations to all stakeholders, including executive management and external customers.


* Lead meetings with existing and potential FRFS customers and address follow-up actions.


* Participate in the coordination of management responses to risk and audit review of the first line function and ensure the implementation of remediation action as needed.


* Lead and coordinate projects and workstreams aimed at formalizing and enhancing the first line program.


* Provide leadership and guidance on policies related to RBAS activities to ensure that they are effective, ana...