Job Location: New York, NY
Federal Reserve Bank of New York
Working 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.
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 two operating locations, in New York City and Richmond, Virginia.
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Develop customized analytical processes to advance the transaction monitoring operations and KYC analytics that inform the business’ risk management practices.
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Propose and develop analytical products that are based on an understanding of account usage and correspondent banking practices.
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Perform hands-on data analysis using a variety of tools ranging from writing queries, leveraging reporting and BI tools, and using statistical tools to perform advanced analytics and identify insights.
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Present finalized analytical products to management and to inform strategic decision making.
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Support the optimization of group’s watch list filtering solution and suspicious activity monitoring software through analysis of its outputs.
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Develop subject matter expertise of relevant data sources that include account holder information and transactional account activity.
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Provide training to the team to enhance the team’s overall analytical capabilities.
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Support business responsibilities in managing relevant software systems.
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Work with team to develop, refine and scale data management and analytics procedures, systems, workflows, best practices, and other issues.
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Inspire the adoption of advanced analytics and data science techniques across CBIAS.
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A successful track-record demonstrating quantitative and advanced analytical skills in the workplace.
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Significant hands-on experience using business intelligence and analytical applications (e.g. Tableau, Spotfire). Tableau strongly preferred.
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Significant hands-on experience with statistical analysis languages (e.g. Python, R, SAS, SQL) is strongly preferred.
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Solid knowledge of statistics with proven experience applying statistical methods to business problems.
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Solid Microsoft Excel and Access experience.
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Knowledge of SWIFT and/or Fedwire, and correspondent banking a plus.
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Interest in anti‐money laundering (AML)/BSA issues.
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Strong oral and written communication skills and ability to succinctly present information to management.
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Strong organizational skills and attention to detail.
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Demonstrated problem solving and decision-making skills.
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Flexibility to travel between New York and Richmond, VA sites.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank’s work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
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 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, or military service.
Full time
Regular
Yes
Data Analytics
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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