Vacancy caducado!
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. It is a challenge that demands the skills of a financial service professional and the intelligence of an academic—all combined with a passion for public service.
What We Do:Through its assessment of risk management practices at financial firms, the Large and Foreign Banking Organizations (LFBO) Compliance Risk and Analytics Department helps execute Federal Reserve safety and soundness and financial stability goals.Your role as Anti-Money Laundering Specialist:
You will focus on evaluating the compliance control framework of financial institutions concerning anti-money laundering (AML), sanctions, and counter-terrorist financing (CTF) regulations. You will participate in and direct examinations of supervised financial institutions, conduct monitoring of firms under enforcement action, and contribute to other examination, analytical, and policy work conducted by the Compliance Risk and Analytics Department. You will also:
Conduct examinations to evaluate firms’ compliance risk management practices and determine compliance with relevant anti-money laundering (AML) laws and regulations, such as the Bank Secrecy Act (BSA), as amended to include certain provisions of Title III of the USA PATRIOT Act, and the requirements of the Office of Foreign Assets Control (OFAC) and other CTF regulations;
Assess the quality and effectiveness of an institution’s BSA/AML and OFAC compliance programs in relation to the inherent risks of the institution, supervisory expectations, and sound practices;
Present findings to Federal Reserve and bank management and produce reports, memoranda and work papers to support findings conforming to Federal Reserve expectations;
Develop a comprehensive understanding of laws and regulations relevant to compliance expectations of the largest and most complex financial institutions, which may include laws and regulations relevant to AML, OFAC and other sanctions, and CTF regulations;
Develop a familiarity with appropriate literature used by industry practitioners;
Develop expertise in the identification and management of risks posed by individual business lines, products, or services;
Participate in other financial institution examinations and special projects, perform analyses, and help develop supervisory policy;
Work with other regulatory agencies and with internal Federal Reserve partners, such as legal and supervisory personnel.What we are looking for:
Minimum of three years of experience with a focus on BSA/AML and OFAC compliance and related issues: financial institution compliance department, compliance consultant in the financial services industry, auditor, or bank examiner;
Experience with relevant laws and regulations and knowledge of bank operations, with a focus on BSA/AML and OFAC regulations;
Experience assessing, validating, designing, or managing several risk management controls, automated monitoring systems, transaction surveillance, operations monitoring, reporting, and/or interdiction systems is a plus;
Bachelor’s degree, relevant advanced degrees or accreditations;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
Flexible Work Arrangements
And /more/
/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, or military service./
//
/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./
//
/Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
/
//
/In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules./
Organization: Federal Reserve Bank of New York Title: Anti-Money Laundering Specialist (BSA/AML) Location: NY-New York City Requisition ID: 264145
Vacancy caducado!