Compliance Manager

Company

What we do:

As part of the Operations and Resiliency (O&R) Group’s first line of defense risk management department , the Reserve Bank Accounts and Services (RBAS) Compliance team performs risk management activities related to Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML) and Office of Foreign Asset Controls (OFAC) for the Bank’s high risk customer accounts, including the assessment of the sufficiency of Second District customers’ BSA/AML and OFAC compliance risk management activities aligned to the Bank’s policies and the Board’s Guidelines for Evaluating Requests for Accounts and Services

This team establishes and manages the related compliance practices and policies related to the provision of master accounts and Federal Reserve financial services for all Second District financial institutions. The selected applicant will interact with multiple areas of the New York Fed and Federal Reserve System colleagues and work in an important and high-visibility area.

Your role as Compliance Manager:

Reporting to the Director of O&R’s Risk and Compliance Department, your role is to engage with customers, cross Bank stakeholders (e.g. Legal, Credit, Risk, Compliance, and Policy areas) and retain Federal Reserve System relationships to effectively execute these activities. 

• Manage the RBAS Compliance team and day-to-day activities on the development, execution, and continuous improvement of policies, procedures, and overall controls.

• Provide constructive feedback to staff with a view toward developing staff potential and promoting an inclusive workplace.

• Provide subject matter expertise and judgment on applicable compliance, risk management policies and procedures to existing and potential customers.

• Collaborate with the New York Fed and Federal Reserve System stakeholders to execute on business initiatives and to obtain relevant input to business actions.

• Prepare written reports, communications, presentations, briefings, recommendations to all stakeholders, including executive management and external customers.

• Lead meetings with existing and potential FRFS customers and address follow-up actions.

• Participate in the coordination of management responses to risk and audit review of the first line function and ensure the implementation of remediation action as needed.

• Lead and coordinate projects and workstreams aimed at formalizing and enhancing the first line program.

• Provide leadership and guidance on policies related to RBAS activities to ensure that they are effective, analyzing where there are gaps and providing recommendations where needed.

• Analyze market intelligence data and assess implications for the work to stay abreast of industry and institution-specific developments.

What we are looking for:

• Subject matter expertise in a financial services organization applying AML and sanctions compliance, risk management or audit policies and procedures, with subject matter expertise in the anti-money laundering, sanctions, fraud or broader compliance and ethics fields. ACAMS Certification strongly preferred.

• Proven leadership skills including experience managing teams, cross-functional initiatives or workgroups.

• Strong analytical skills with the ability to interpret regulatory and other policies and best practices and determine how applicable to business.

• Strong interpersonal collaboration, effective communication and customer service skills, including demonstrated ability to communicate complex business issues to a senior audience.

• Ability to develop sound conclusions after analyzing multiple information sources, identify gaps in key elements of compliance programs and problem solving of day-to-day activities.

• Advanced PC and technical proficiency (e.g. Microsoft Office Suite, SharePoint Online, Tableau, Launchpad Pro (Generative AI), and collaboration tools).

Application Deadline: June 9, 2026

Salary Range: $220,000 - $265,000

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.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at

every stage of your career with us. Learn more.

Benefits:

Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match

• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

• Subsidized Public Transportation Program

• Tuition Assistance Program

• Onsite Fitness & Wellness Center

• And more

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.

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.

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.

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.

Full Time / Part Time

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

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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