Federal Reserve Bank (FRB)
Compliance & Ethics Specialist (Project Management)
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.
What we do:
The Compliance Function is a second-line independent advisory and control function within the Federal Reserve Bank of New York. The mission of the Compliance Function is to protect the Bank and serve the public interest by ensuring the Bank adopts sound risk-based compliance controls and by promoting a strong ethical mindset.
As part of the Compliance Function, the Ethics Office cultivates the Bank's ethical culture and ensures that all employees act with honesty, integrity, impartiality, and respect in all dealings with colleagues and the public.
The Office's core responsibilities include providing advice and ensuring compliance with the Bank's Code of Conduct and other ethics laws and policies, advising employees on their personal trading activity, reviewing employee financial disclosure forms, vetting pre-employment conflicts of interest, and responding to employee ethics questions.
Your role as a Compliance and Ethics Specialist:
Lead the annual financial disclosure attestation process. Develop and suggest improvements to the disclosure process. Ensure completion of financial disclosure attestations by employees. Oversee and guide reviewers. Review employee disclosure attestations and follow-up with employees to resolve potential conflicts of interests.
Assist Director of the Personal Trading Compliance Program (PTCP) with running the program. Evaluate related ethics policies, identify gaps, and develop recommendations for improvements. Address and resolve potential conflicts of interests identified through the personal trading monitoring tool. Assist with onboarding of new employee accounts and related certifications. Help develop operational metrics, analyze data and report on program status.
Serve as a subject matter expert on different types of financial products and arrangements and ethics disclosure requirements. Evaluate the application of the Code of Conduct and other ethics policies to them. Conduct detailed research on financial products and financial arrangements, as needed.
Conduct pre-employment and transfer conflict of interest reviews for potential and existing Bank employees.
Build and maintain effective relationships with business area liaisons, technology partners, and Federal Reserve System Ethics officials.
Participate in ethics rotation for answering employee questions. Summarize and log ethics matters in internal database.
Develop and conduct training sessions for Ethics staff and Bank employees on annual financial disclosures, personal trading, and other Ethics programs. Contribute to other Ethics outreach efforts as assigned.
Stay current with industry best practices for employee personal investment compliance programs.
Perform other related Compliance and Ethics projects, as assigned.
What we are looking for:
Relevant work experience in employee personal investment compliance (FINRA 3110(d) and 3210), or government ethics.
Substantive knowledge of financial products (ex., stocks, bonds, alternative investments, funds, IRAs, etc.).
Familiar and comfortable working with and presenting data, prior experience with data visualization tools preferable but not required.
Strong ability to identify and analyze issues, draw conclusions, propose solutions, and communicate them orally or in written format.
Strong customer service skills with the ability to discreetly handle sensitive and confidential information.
Strong interpersonal and collaboration skills. Ability to influence stakeholders, working independently or collaboratively, as required, to assist with managing projects or initiatives.
Strong self-management skills. Ability to handle multiple assignments at once and produce results under tight time constraints, both independently and as part of a team.
High degree of attention to detail and organization.
Agility in adapting to changing work demands and business developments.
Salary Range: $156000-$211000 / year
We believe in transparency at the NY 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
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.
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, pregnancy, 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.
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.
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.