Director of Financial Crime Compliance Technology Solutions

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:   

The Compliance Function is a second-line independent advisory and control function within the Federal Reserve Bank of New York. The mission of the Compliance Function is to protect the Bank and serve the public interest by ensuring the Bank adopts sound risk-based compliance controls and by promoting a strong ethical mindset.

Working with the Bank’s Technology Group partners and stakeholders across the Bank’s business areas, the Director of Financial Crime Compliance Technology Solutions will oversee the ongoing development and effective implementation of technology solutions that advance the Bank’s Financial Crime Compliance objectives, including oversight of a dynamic set of transaction monitoring scenarios appropriate to the Bank’s risk appetite and customer base.

This role reports to the Bank’s Head of Financial Crime and Trading Compliance and sits within the Bank’s Legal and Compliance Group.

How You’ll Make an Impact as a Director of Financial Crime Compliance Technology Solutions:

• Support the Head of Financial Crime and Trading Compliance in leading the implementation of technology solutions in support of effective financial crime compliance (“FCC”).  
• Identify, develop and implement FCC transaction monitoring scenarios appropriate to the Bank’s products and services and consistent with its risk appetite. 

• Create and oversee the testing and tuning of transaction monitoring scenarios prior to implementing them in a production environment and on an ongoing basis. 

• Evaluate internal control structures related to automated FCC solutions to identify potential weaknesses and associated risks. 

• Partner with appropriate First Line colleagues in overseeing the implementation of Know-Your-Customer and case management functionality related to FCC technology solutions. 

• Establish and maintain working relationships with third-party vendors relevant to the financial crime systems initiative. 

• Develop collaborative working relationships with other Bank stakeholders including the Risk and Audit Groups, relevant to the implementation of this technology. 

• Develop role-related presentations and perform special projects as assigned. 

 

The Unique Skill Sets We’re Looking For: 

• Relevant professional experience and deep subject matter expertise with 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 other similar technology platforms.
• Experience using analytics tools such as 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 ability to develop strong relationships and partner effectively with others in pursuit of common goals.
• Ability to identify and analyze issues independently, draw conclusions, and produce reports and recommendations that translate an idea into appropriate action.
• Strong written, verbal, and presentation skills, including experience providing client service to employees at all levels of an organization.
• 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 a variety of responsibilities under time constraints.

Other Things to Know:

Salary Range: $225000 - $275000 / year 

We believe in transparency at the New York 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. 

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.  

How We’ll Support You: 

Our programs and benefits are designed to support you through all your life stages:

• 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, and more

• 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

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.  

Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.

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.  

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. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.  

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 time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Internal Oversight & Governance Family Group

Work Shift

First (United States of America)

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.

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