Central Bank and International Account Services Associate Director

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 New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to foreign central banks and international monetary authorities (FIMA) and the System Open Market Account (SOMA) to facilitate their official financial operations, as well as support financial stability operations in the U.S. and abroad. 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 customers by offering payments, custodial, clearing and settlement, collateral management, and investment and liquidity services. CBIAS has a long history of providing safe and efficient banking services to its customer base by managing over $7 trillion for FIMA customers and SOMA with transaction volume presently exceeding $300 billion per day. CBIAS maintains operating locations in New York City (FRB-NY) and Richmond, Virginia (FRB-R).

The Systems, Risk & Governance (SRG) team is one of three units in the Account Risk Management (ARM) Directorate within CBIAS. The ARM Directorate is responsible for risk management activities for its international account services. As the first line of defense for the FRBNY on these international accounts, ARM is principally focused on implementing anti-money laundering (AML), Office of Foreign Assets Control (OFAC) compliance, and fraud programs. The SRG team manages data and systems that support the other ARM teams of Account Risk & Analysis and Account Transaction Monitoring and is also tasked with governance and operational excellence responsibilities that support effective risk management for CBIAS.

This posting is for an Associate Director to lead the SRG team and report to the Director of Account Risk Management

How You’ll Make an Impact as Central Bank and International Account Services Associate Director:

• Lead people and processes that encompass maintenance of operational systems and tools supporting ARM responsibilities (i.e. transaction monitoring; sanctions, AML, and anomaly detection screening systems; and KYC analysis), development and reporting of ARM metrics, calibration of transaction monitoring and screening systems, and other governance-related activities.
• Ensure robust reporting and management of screening systems’ rule performance and effectiveness; maintain systems’ performance within the Bank’s risk appetite expectations.
• Responsible for transaction monitoring and screening systems documentation, maintenance, upgrades, and testing as well as quality control. Oversee ongoing maintenance of rules associated with real-time interdiction system. Engage with Bank partners to ensure effective maintenance and delivery around these systems responsibilities.
• Maintain relationships with key technical stakeholders for effective management of ARM systems. Identify, escalate and communicate technical issues emerging from ARM interdiction and anomaly detection systems to ARM leadership and Bank stakeholders.
• Develop and present reporting to Bank stakeholders on core risk management updates and metrics; manage ad hoc requests from stakeholders for reporting and data from ARM systems.
• Oversee other first line risk management governance and administrative responsibilities including training on financial crime compliance topics, first line risk assessment for CBIAS business, development and maintenance of ARM procedures, quality control of core ARM responsibilities, and liaising and coordinating with oversight bodies.
• Provide oversight, feedback and guidance to Systems, Risk & Governance team members.
• Provide backup coverage for other Associate Directors within the Account Risk Management directorate.

The Unique Skill Sets We’re Looking For:

• Demonstrated experience in leading staff, complex projects, and operations to achieve business needs and organization goals, with an emphasis on creating strong team dynamics within a sound control and risk environment.
• A proven history of effective leadership with the ability to nurture and create an inclusive environment that fosters growth, collaboration and team development.
• Experience with or knowledge of compliance with sanctions restrictions from the US Treasury’s Office of Foreign Sanctions Control (OFAC) including designation, expectations and screening responsibilities.
• Experience leading data teams responsible for creating and maintaining data analytic products with a strong focus on risk management; knowledge of best practices in data management and governance, including translating business requirements into analytics solutions would be a plus.
• Excellent ability to create standard and ad hoc reporting that includes risk-based metrics to help inform decision-makers and escalate potential issues.
• Exceptional communication and presentation skills, with ability to effectively communicate on a range of technical and reporting topics to both staff and executive audiences.
• Experience with real-time financial crime compliance systems (e.g. sanction interdiction tools), including alert generation, management, and tuning approach would be valued.
• Knowledge and experience with financial crime compliance (FCC) risks and associated control environments a plus.
• Project management skills; experience sponsoring and implementing systems and technology projects a plus.
• Knowledge of SWIFT and/or Fedwire a plus.
• Flexibility to travel between New York City and Richmond, VA sites.
• U.S. Citizenship required.

Salary Ranges:

New York: $275000 - $325000

Richmond: $225000 - $270000

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.

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

Find Out Why We’re an Award-Winning Workplace:

• Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces, 2024, 2025)
• Early Talent Award Winner (Handshake, 2024, 2025)
• Campus Forward Award Winner (Ripple Match, 2023, 2024, 2025)

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 [email protected] 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.

This position requires a National Security Clearance, access to which is limited to U.S. Citizens.

In addition, 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, prior to hire and during employment. 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Markets 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 ( or through verified Federal Reserve Bank social media channels.

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