Compliance Testing Specialist at Federal Reserve Bank (FRB) in New York, New York
Posted in General Business about 2 hours ago.
Type: Full-Time
Job Description:
Company
Federal Reserve Bank of New YorkWorking 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.The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Compliance Function is an independent advisory and control function within the Federal Reserve Bank of New York. The mission of the Compliance Function is to protect the Bank and serve the public interest by ensuring that the Bank adopts sound risk-based compliance controls and by promoting a strong ethical mindset.
Your role as Compliance Testing Specialist:
Work within a small team to lead the execution and enhancement of a compliance testing and a controls assessment program to validate the effectiveness of the Bank’s Compliance program including work related to: Anti-Money Laundering, Economic Sanctions, Fraud, Ethics and Conduct, Sensitive Data Management and Trading.
Facilitate the enhancement and further development of the scope and methodology of compliance testing program.
Maintain effective relationships with Compliance second line leads and first-line business area management and staff to gain insight into compliance risks associated with Bank processes, activities, objectives, practices, and overall compliance control environment.
Collaborate closely with second-line compliance subject matter experts to formulate an integrated and independent view of the business area risks and risk management practices, leveraging, when appropriate, authoritative standards and benchmarks.
Perform gap analyses of compliance activities, making recommendations based on industry best practices and research designed to strengthen controls.
Stay current with industry best practices and guidance related to compliance risk and share information with colleagues and management.
Provide subject matter expertise and judgment on compliance and/or ethics responsibilities, and other topics as assigned.
Participate on and lead ad hoc projects and assignments as needed.
Raise issues and collaborate in the development and implementation of new compliance policies, practices, and tools.
What we are looking for:
Relevant work experience in regulatory, compliance, or risk management, testing, or auditing.
Substantive knowledge of one or more of the following areas of compliance: anti-money laundering and sanctions compliance, fraud, and broader compliance and ethics fields. ACAMS and/or OFAC certification, a plus.
Strong analytical and problem-solving skills, with the ability to independently identify issues, draw conclusions, and produce reports and recommendations that translate an idea into appropriate action.
Strong written, verbal, and presentation skills, including experience providing client service to employees at all levels of an organization.
Strong interpersonal and collaboration skills with the ability to develop strong relationships and partner effectively with others in the pursuit of common goals.
High degree of attention to detail, organization, and compliance with established procedures.
Ability to influence stakeholders, working independently or collaboratively, as required to assist with managing projects or initiatives.
Agility in adapting to changing work demands and business developments.
Effectively manage and leverage inputs from staff over which there is no formal reporting authority.
Emotional intelligence, with the ability to build trust in a variety of relationships through candor, reliability, and authenticity as well as the capacity to embrace and draw from diversity and inclusion to improve the quality of outcomes.
Salary Range: $156000- $211000 / year
We believe in transparency at the NY 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 Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
And more
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 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.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
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.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Legal FamilyWork Shift
First (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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