Director of Financial Crime Compliance Technology Solutions

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams.

We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

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.

Working with the Bank’s Technology Group partners and stakeholders across the Bank’s business areas, the Director of Financial Crime Compliance Technology Solutions will oversee the ongoing development and effective implementation of technology solutions that advance the Bank’s Financial Crime Compliance objectives, including oversight of a dynamic set of transaction monitoring scenarios appropriate to the Bank’s risk appetite and customer base.

This role reports to the Bank’s Head of Financial Crime and Trading Compliance and sits within the Bank’s Legal and Compliance Group.

• Support the Head of Financial Crime and Trading Compliance in leading the implementation of technology solutions in support of effective financial crime compliance (“FCC”).
• Identify, develop and implement FCC transaction monitoring scenarios appropriate to the Bank’s products and services and consistent with its risk appetite.
• Create and oversee the testing and tuning of transaction monitoring scenarios prior to implementing them in a production environment and on an ongoing basis.
• Evaluate internal control structures related to automated FCC solutions to identify potential weaknesses and associated risks.
• Partner with appropriate First Line colleagues in overseeing the implementation of Know-Your-Customer and case management functionality related to FCC technology solutions.
• Establish and maintain working relationships with third‑party vendors relevant to the financial crime systems initiative.
• Develop collaborative working relationships with other Bank stakeholders including the Risk and Audit Groups, relevant to the implementation of this technology.
• Develop role‑related presentations and perform special projects as assigned.

• Relevant professional experience and deep subject matter expertise with regulatory, financial crime, AML and sanctions compliance.
• Established track record working with financial crime compliance technologies, including transaction monitoring and KYC systems.
• Design and implementation experience in AML technologies, including transaction monitoring rule development, tuning, and optimization.
• Experience with AML/financial crime technology solutions, such as SAS, NICE Actimize, Quantexa, Palantir, and/or other similar technology platforms.
• Experience using analytics tools such as Tableau or Power BI.
• Experience writing SQL queries and experience with statistical programming languages such as Python or R.
• Expertise in common fraud or money laundering typologies.
• Ability to proactively manage change in a complex and dynamic organizational, technological, and operating environment.
• Strong collaboration skills, with a focus on positive intent, and…