19 Specialized Risk Management Analyst Jobs in New York, NY
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Specialized Risk Management Analyst
$63k-79k (estimate)
Full Time | Securities
1 Week Ago
Federal Reserve Bank of New York is Hiring a Specialized Risk Management Analyst Near New York, NY
CompanyFederal Reserve Bank of New York
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.
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 New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations. 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 international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank's role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located in New York City and Richmond, Virginia.
The Specialized Risk Management (SRM) staff is one of three units in the Account Risk Management (ARM) directorate within CBIAS. The ARM directorate is responsible for account control and risk management activities. As part of the Bank's objectives, the directorate is responsible for implementing several risk management initiatives focused on the provision of currency services and supporting the provision of payments services to Foreign and International Monetary Authority (FIMA) accountholders, particularly those in the highest risk jurisdictions. Within CBIAS, the SRM team manages the provision of currency services to FIMA accountholders and supports specialized risk management programs for wire payments for the highest risk account holders.
Your role as a Specialized Risk Management Analyst:
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:
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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)No
Job CategoryAnalytical
Work ShiftFirst (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.
Privacy Notice
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.
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 New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations. 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 international customers by offering payment, custodial, clearing and settlement, collateral management, and investment and liquidity services. With more than $3.0 trillion of custodial holdings, representing about half of global U.S. dollar-denominated foreign reserves, CBIAS offers financial services that directly support the Bank's role in international affairs, as well as monetary policy and financial stability. CBIAS currently runs a split operation with staff located in New York City and Richmond, Virginia.
The Specialized Risk Management (SRM) staff is one of three units in the Account Risk Management (ARM) directorate within CBIAS. The ARM directorate is responsible for account control and risk management activities. As part of the Bank's objectives, the directorate is responsible for implementing several risk management initiatives focused on the provision of currency services and supporting the provision of payments services to Foreign and International Monetary Authority (FIMA) accountholders, particularly those in the highest risk jurisdictions. Within CBIAS, the SRM team manages the provision of currency services to FIMA accountholders and supports specialized risk management programs for wire payments for the highest risk account holders.
Your role as a Specialized Risk Management Analyst:
- Build, maintain, and continuously enhance a variety of datasets and tools that support and inform account and compliance analysis and FIMA customer activity
- Assist in monitoring, analyzing, and reporting on FIMA customer accounts and activity in the context of emerging risks in connection with sanctions and Anti-Money Laundering compliance, and other economic and international events to identify evolving trends, risks, and developments
- Assist in the coordination of discussions, forums, and seminars related to topics of common interest to the broader community of official sector service providers of banking and custody services including Compliance, Risk, and other relevant stakeholders
- Prepare complex tables and charts in support of reporting and analysis to stakeholders; propose and develop new tools and analytic products
- Manage business area data feeds; maintain information sharing platforms, including collaboration sites
- Perform team operational duties, e.g., transaction reviews and assist with other projects
- Relevant financial services or international affairs experience
- Proficiency in Microsoft Excel, PowerPoint and Tableau
- Programming skills (e.g., Python, R, SQL, VBA) desirable
- Subject matter interest in international economics/finance, policy and Anti-Money Laundering/Countering Financing of Terrorism/sanctions issues preferred
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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)No
Job CategoryAnalytical
Work ShiftFirst (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.
Privacy Notice
Job Summary
JOB TYPE
Full Time
INDUSTRY
Securities
SALARY
$63k-79k (estimate)
POST DATE
09/09/2024
EXPIRATION DATE
11/04/2024
WEBSITE
newyorkfed.org
HEADQUARTERS
NEW YORK, NY
SIZE
3,000 - 7,500
FOUNDED
1914
TYPE
NGO/NPO/NFP/Organization/Association
CEO
WILLIAM C DUDLEY
REVENUE
$1B - $3B
INDUSTRY
Securities
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About Federal Reserve Bank of New York
New York Fed is a community bank that provides banking and financial services for corporate and retail customers.
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