Director of Financial Crime Compliance Technology Solutions
About The Position
The Federal Reserve Bank of New York (FRBNY) is seeking a Director of Financial Crime Compliance Technology Solutions. This role is part of the Compliance Function, an independent advisory and control function within the FRBNY, dedicated to protecting the Bank and serving the public interest by ensuring sound risk-based compliance controls and promoting a strong ethical mindset. The Director will collaborate with the Bank’s Technology Group and stakeholders across business areas to oversee the development and implementation of technology solutions that support the Bank’s Financial Crime Compliance (FCC) objectives. This includes managing transaction monitoring scenarios aligned with the Bank's risk appetite and customer base. The position reports to the Bank’s Head of Financial Crime and Trading Compliance and is situated within the Bank’s Legal and Compliance Group. The FRBNY operates on a full-time, onsite basis, valuing in-person collaboration while acknowledging the importance of flexibility.
Requirements
- Relevant professional experience and deep subject matter expertise in regulatory, financial crime, AML, and sanctions compliance.
- Established track record working with financial crime compliance technologies, including transaction monitoring and KYC systems.
- Design and implementation experience in AML technologies, including transaction monitoring rule development, tuning, and optimization.
- Experience with AML/financial crime technology solutions such as SAS, NICE Actimize, Quantexa, Palantir, and/or similar platforms.
- Experience using analytics tools like Tableau or Power BI.
- Experience writing SQL queries and experience with statistical programming languages such as Python or R.
- Expertise in common fraud or money laundering typologies.
- Ability to proactively manage change in a complex and dynamic organizational, technological, and operating environment.
- Strong collaboration skills with a focus on positive intent, and the ability to develop strong relationships and partner effectively.
- Ability to independently identify and analyze issues, draw conclusions, and produce reports and recommendations that translate ideas into action.
- Strong written, verbal, and presentation skills, including experience providing client service to employees at all levels.
- Background handling sensitive and confidential information and treating employees with compassion and respect.
- Strategic orientation with the ability to anticipate issues, identify emerging trends, and recommend a course of action.
- Strong organizational skills with the ability to prioritize and multitask under time constraints.
- Must be a U.S. citizen, lawful permanent resident, or meet the definition of a “protected individual” to access confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information.
Responsibilities
- Support the Head of Financial Crime and Trading Compliance in leading the implementation of technology solutions for effective financial crime compliance (FCC).
- Identify, develop, and implement FCC transaction monitoring scenarios suitable for the Bank’s products and services, consistent with its risk appetite.
- Create and oversee the testing and tuning of transaction monitoring scenarios before production implementation and on an ongoing basis.
- Evaluate internal control structures for automated FCC solutions to identify potential weaknesses and risks.
- Partner with First Line colleagues to oversee the implementation of Know-Your-Customer and case management functionality for FCC technology solutions.
- Establish and maintain working relationships with third-party vendors for financial crime systems initiatives.
- Develop collaborative working relationships with other Bank stakeholders, including Risk and Audit Groups, relevant to technology implementation.
- Develop role-related presentations and undertake special projects as assigned.
Benefits
- Learning & Growing: Educational assistance, career development tools, and stretch opportunities
- Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources
- Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
- Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
