January 31, 2018
This position requires experience in risk analysis, compliance and the ability to take a hands-on approach in implementing policy and ensuring the quality of outcomes. The ideal candidate will be familiar with the payments industry, Office of Foreign Assets Control (OFAC) and the current sanctions environment; COSO and other relevant audit practices. The candidate will be able to focus on in-depth policy initiatives associated with a complex set of operational duties while building, and ensuring compliance with, needed internal controls. To be successful in this role the candidate must have excellent attention to detail with the ability to provide high quality written and verbal communications.
1. Monitor and analyze payment activity to ensure compliance with OFAC and sanctions requirements.
2. Liaise with Compliance, Legal, and Risk as the principal Wholesale Operating Site (WOS) risk analyst.
3. Collaborate with Legal and Central Business Application Functions (CBAF) to build a repository of acceptable terms thereby minimizing risk.
4. Collaborate with all System stakeholders, research, analyze, interpret, and impart all OFAC sanctions industry updates and stay abreast of changes and needed implementations.
5. Maintain a current understanding of AML, BSA, USA PATRIOT Act, and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends through training, experience, and/or ACAMS certification.
6. Research, write and analyze all risk events, including follow up and implementation of solutions.
7. Lead, conduct, and manage COSO testing and activities, management testing, and all control workflows.
8. Work as the central point of contact for WOS on all audits (Board, External, and Internal) and liaise with each unit to ensure preparation and implementation of recommendations.
9. Assess and implement all process streamlining, enhancement, and improvement projects.
10. Support management in the development of the department’s strategic plan, budget, and all data and reporting needs.
11. Participate in local and System workgroups as appropriate.
KNOWLEDGE AND EXPERIENCE:
• 2+ years of relevant work experience.
• Bachelor’s degree in business, economics, or a related area; ACAMS certification preferred.
• Previous knowledge or experience with OFAC screening tools is preferred.
• Strong oral and written communication skills and ability to succinctly present information to management.
• Demonstrated quantitative and qualitative analytical skills.
• Strong organizational skills and attention to detail.
• Proficiency in working with data to identify trends, patterns and anomalies.
• Ability to analyze and respond appropriately to sensitive customer matters, reach sound conclusions considering varying stakeholder interests, and respond timely under pressure.
• Strong Microsoft Excel, Access, Tableau and SharePoint experience desirable.
• Knowledge of SWIFT and/or Fedwire a plus.
A writing sample will be requested.
All employees assigned to this position will be subject to a credit check, an FBI fingerprint/criminal background check, and Patriot Act / Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. Internal candidates who accept a job offer for this position will also be subject to credit re-screening before transferring.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, citizenship status verification, and personal interviews with the candidate, references, and prior employers.
All candidates must be U.S. citizens or lawful permanent resident aliens with at least three or more years of U.S. residency from the date of legal entry to the U.S.
Contact Katherine Creamer at Katherine.firstname.lastname@example.org
or Federal Reserve Bank of Boston, 600 Atlantic Ave, Boston, MA 02210