Account Policy Specialist

Company

Federal Reserve Bank of New York

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 Group, the Reserve Bank Accounts and Services (RBAS) is responsible for the administrative, business, risk, and compliance activities related to the provision of master accounts and Federal Reserve financial services for second district customers.

The RBAS team functions as the central communication and coordination liaison between the Bank's internal and external customers, with respect to on-going account management for the duration of the customer relationship. 

Your role as Account Policy Specialist:

Reporting to the RBAS Director, your role is to act as an advisor and policy strategist related to the provisioning of master accounts, proposed payment accounts, excess balance accounts, joint accounts, designated financial markets utilities (DFMUs) and Federal Reserve financial services.  Work includes engagement with customers and cross Bank colleagues and stakeholders (e.g.

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

This role requires the capacity to understand the implications of various policy issues related to account access and financial services, determine how approaches to managing account access may need to be adjusted as a result, and work collaboratively with multiple stakeholders to drive outcomes.


* Demonstrate understanding of various policy and environmental dynamics with potential implications to Federal Reserve System account and financial services policies, practices and procedures and provide recommendations on improvement opportunities.


* Synthesize and present complex topics, research, and analysis for a variety of FRS stakeholders and Bank executive leadership.


* Collaborate with multiple discipline areas on account policy matters and drive innovative, continuous improvement on approaches, actions and/or processes supporting the Administrative Reserve Bank role. 


* Engage with RBAS Account Managers to ensure timely and successful review of account and financial services requests.  Provide peer reviews and resolve difficult and complex problems related to account access and financial services.


* Contribute to and/or lead bi-weekly stakeholders’ meetings on account access reviews.


* Participate in related FRS workgroups (e.g.

System’s Account Request Information Sharing Group) and manage projects within the role.

Represent the work of RBAS in related risk and/or audit reviews. 

What we ar...