Account Risk Management Analyst

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 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. 

• Monitor payment and currency activity to ensure compliance with OFAC requirements, Bank and CBIAS AML policy. Take the lead in escalating transactions for concerning activity.

• 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.S. government sanctions programs.

• 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.

• Demonstrated ability to perform operational and analytical responsibilities under time pressure with a high degree of accuracy and strong attention to detail.

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

• Strong analytical, critical thinking and problem-solving skills.

• 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.

Other Things to Know:   

New York: $90000 - $110000 / year  

Richmond: $75000 - $92000 / year  

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.    

Our programs and benefits are designed to support you through all your life stages: 

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities 

• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more 

• 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 

 The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.  

We value accessibility for all candidates and are happy to discuss an accommodation or assistance. Visit our careers page for more information about requesting an accommodation during the recruiting process. 

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-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.  

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.

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