Account Risk Management Analyst

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 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.

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 data...