Senior Compliance Associate (Internal Audit/Operations Risk Management) Cash Operation

The Federal Reserve Bank of New York was incorporated in May 1914 and opened for business in November later that year. To commemorate the New York Fed’s centennial, take a look at the people and events that helped shape our history

The New York Fed is seeking a Risk Management Associate with experience in operational risk, compliance and/or internal audit to assist the Risk Management team in its work for the Cash and Custody function.

* Assess and assist with the management of the Risk Management program in the Cash and Custody function. * Liaison to Internal Audit, central Risk functions, and other external audit communities. * Assist in the preparation of Risk Assessments and consult with operational areas on the risk management activities and practices with a focus on compliance and operational risk. * Conduct daily, weekly, monthly, quarterly and annual compliance reviews and provide support to developing fixes to ensure the business areas remain in compliance. * Provide strategic advice and recommendations to the business areas with regards to the business’ policies, rules and regulations. * Participate on offsite inventory reviews. * Monitor open and pending issues in Audit reporting applications. * Support the operations in activities including, process analysis and various research and monitoring activities.

* A minimum of 5-7 years relevant experience with a demonstrated ability evaluating risk management and compliance practices and processes, ideally in a highly regulated operational environment (ie Pharmaceutical, manufacturing) * Undergraduate Degree in Business or other related field, MBA preferred. * Experience in taking an analytical approach to evaluating an operational business * Understanding of risk and control disciplines including financial key controls (Sarbanes-Oxley (AS/5)), technology controls and business continuity. * Risk Management/Audit Certification preferred. * Demonstrated knowledge of operations risk management and compliance practices. * Excellent analytical and problem solving abilities. * Ability to analyze and interpret financial and non-financial data, as well as policy issues. * Excellent oral and written communication skills. * Strong project management and process improvement skills. * Exceptional interpersonal, diplomacy and customer service skills. * Strong computer skills to include Microsoft Excel, Access and Word. * Ability and willingness to travel domestically and internationally when necessary (Minimal Travel).