AddressCompany
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 Operations and Resiliency (O&R) Group operates and oversees the provision of financial accounts and services for the Federal Reserve Bank of New York, including the distribution of currency for the Second district as well as gold safekeeping operations on behalf of the Federal Reserve System, and provides critical operations support to the broader Bank including law enforcement, business continuity and Resiliency.
The O&R Risk and Compliance team works closely with the O&R business areas as a first line of Risk defense to foster strong risk culture and control environments. The team administers a risk management program by engaging with the business area management teams to develop an objective view of ‘first line’ risk exposures, advising business areas on control issues and mitigation decisions, providing a first line review and quality assurance function and promoting effective transparency of existing and emerging material risks and control issues to drive better decision making.
Your role as O&R’s Head of Risk and Compliance:
Lead a team of Risk professionals to provide value-added risk management, compliance and control services to the business areas within O&R, driving the execution of the portfolio of Group and Bank risk priorities and deliverables. Responsibilities include:
Analyze relevant information and provide risk insights to senior management for enhanced decision making. This includes identifying risk themes, root causes, process and control improvement opportunities and effective risk mitigation strategies.
Work collaboratively with business areas to review and consult on strategic priorities, processes and best practices. Validate business area controls, identify vulnerabilities and develop remediation plans to enhance control environments
Collaboratively develop Key Risk Indicators to ensure businesses are operating within tolerance
Work with the Bank’s risk 2nd line to support a strong risk culture and control environment engaging in risk practices and leveraging tools
Engage with business areas and audit entities on audit issues to ensure effective risk focused resolution
Represent O&R in relevant Bank and System risk forums
Manage the Group's annual SOX program including completion of process documentation (e.g., narratives, flowcharts, Risk and control matrices) and testing of key controls
What we are looking for:
Ability to develop staff and successfully lead teams through change to drive results
Capacity to build relationships at all levels across the broader organization
Skilled communicator and influencer, who works collaboratively with stakeholders from across the organization to improve outcomes
Demonstrated process improvement mindset
Relevant audit/risk management certifications a plus
Selected candidate will have the ability to select New York Head Office or EROC as primary work location but must have the ability to travel to and work from both locations.
Salary Range: $240000- $330000 / 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
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, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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.
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
Risk ManagementWork 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.
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