Account Risk Management Analyst

Federal Reserve Bank of Philadelphia • Richmond, NY

10d • Onsite

About The Position

The Account Risk Management Analyst works within the Account Risk Management Directorate of the New York Fed’s Central Bank and International Account Services (CBIAS) area. CBIAS provides banking and custody services to foreign central banks, international monetary authorities, and the System Open Market Account. Account Risk Management is the first line of defense for these international accounts, with responsibility for anti-money laundering (AML), Office of Foreign Assets Control (OFAC) compliance, and fraud programs.

The analyst monitors payment and currency activity for compliance, develops customer profiles and assesses transactional risks, follows international developments that may affect customer activity, and analyzes customer trends. The role also contributes to customer risk reviews, distributes intelligence, supports technological and risk-reduction initiatives, and prepares briefings for management. The position is full-time and onsite, with flexibility from time to time and the ability to travel between New York City and Richmond, Virginia.

Requirements

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

Nice To Haves

• Personal and professional interest in international relations and knowledge of global affairs and current events are encouraged.

Responsibilities

• Monitor payment and currency activity for compliance with OFAC requirements and Bank and CBIAS AML policy.
• Lead escalation of transactions involving concerning activity.
• Develop and maintain customer profiles identifying key activity and potential transactional risks using available tools, analytics software, databases, and Microsoft Office.
• Monitor international geopolitical, economic, and regulatory developments that may affect customer activity and governance, including changes to U.S. government sanctions programs.
• Develop regional geographic specialization to understand risks presented by the global customer base.
• Analyze customer trends and activity related to global activity.
• Participate in programs supporting technological enhancements, risk reduction, and improved customer service.
• Author and present management briefings on transaction typologies, customers, geopolitical developments, and other topics that may present compliance or reputational risks.
• Contribute to FIMA customer risk reviews by 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.

Benefits

• Educational assistance, career development tools, and stretch opportunities.
• Parental leave, adoption assistance, back-up dependent and elder care, and college planning resources.
• Comprehensive insurance plans and leave policies.
• Onsite Health & Wellness Center and onsite Fitness Center.
• Pension plan.
• 401(k) with generous match.
• Financial planning resources.
• Subsidized public transportation program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed