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Federal Reserve Bank of New York · 11 hours ago

Account Coordination Associate

New York, NY

Full-time

Onsite

New Grad, Entry Level

$110K/yr - $165K/yr

The Federal Reserve Bank of New York is a key player in the financial world, providing insights into national and international markets. As an Account Coordination Associate, you will coordinate account-related activities and establish relationships within the Federal Reserve System, ensuring effective execution of these activities while engaging with customers and internal stakeholders.

Financial Services

No H1B

U.S. Citizen Only

Responsibilities

Perform the Account Operations Owner (AOO) role for account opening/creation access requests and related on-going account maintenance activities. This includes serving as point of contact with prospective and existing customers as well as internal stakeholders on account matters and operationalizing related account and financial services related activities (e.g. oversight Administrative Reserve Bank (ARB) role)

Prepare written reports that interpret and synthesize analyses, making connections between recommendations and the bigger picture

Provide peer reviews and resolve account discrepancies

Demonstrate an on-going awareness of relevant customer issues, with ability to recognize and identify deficiencies and impacts of gaps in customer business documents

Perform quarterly Board Database reporting/reconciliations on existing and pending account requests and conduct ad-hoc querying/analysis for stakeholders

Administer the Account Request Tool (ART) to facilitate requests for Federal Reserve accounts and financial services

Contribute and/or lead AOO bi-weekly stakeholders meetings on account access reviews

Manage projects within the role

Qualification

Analytical skillsCritical thinkingProject managementBSA/AML complianceTechnical proficiencyAttention to detailOrganizational skillsCollaboration skillsCommunication skills

Required

Strong critical thinking and analytical skills, with the ability to quickly learn business and related process and work independently to deliver outcomes

Advanced collaboration, written and verbal communication skills, with the ability to effectively make connections, ask insightful questions, and synthesize information within deadlines

Strong attention to detail and good organizational skills

Understanding of internal controls and risk management

Strong analytical, quantitative skills, including ability to interpret policy requirements

Advanced PC and technical proficiency (Word, Visio, PowerPoint, Excel, Access, SharePoint Online, Tableau, SalesForce, Launchpad Pro (Generative AI), and collaboration tools)

Preferred

Some background or experience in Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance and an interest in understanding applicability to Reserve Bank operations

Knowledge of project management methodologies and tools