Account Risk Management Analyst

Company Federal Reserve Bank of New YorkWhen you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. 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.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. 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. 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.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.

Ability to work independently with general supervision, and support projects/processes.

• 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.

New York: $90000 - $110000 / year Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center ~ Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. We value accessibility for all candidates and are happy to discuss an accommodation or assistance. This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change. This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible. Full Time / Part Time Full time Regular / Temporary Markets Family Group Work Shift First (United States of America) The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.